Real Estate Articles

Boston Herald

New regulations add protections for homeowners facing foreclosure

June 26, 2013

New regulations filed by the state Division of Banks will prevent national and state lenders from foreclosing on certain mortgage loans if a modification costs less, officials said.

The regulations, created as a result of a law signed by Gov. Deval Patrick in August 2012, will require lenders to consider all available loss-mitigation options before proceeding to foreclosure, similar to standards created in the national mortgage servicer settlement between the U.S. attorneys general with five national servicers.

Read entire article on Boston Herald
« Previous Article Next Article »

More From Real Estate Articles

  • Attention Real Estate Investors ? Sleeping Well Lately?
  • Baltimore offers $10,000 incentive to buyers of formerly vacant rehabs
  • Dream Home: Creating an Ocean City oasis
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE