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Mass. residents, advocates urge enactment of statewide foreclosure‑prevention mediation program
Summary
Homeowners, tenant and housing advocates testified in support of S.765 / H.1090, saying a statewide foreclosure‑prevention program that requires servicers to participate in pre‑foreclosure mediation would keep families in their homes and reduce displacement.
Supporters of a proposed Massachusetts foreclosure‑prevention program told a legislative committee that requiring loan servicers to participate in pre‑foreclosure mediation would keep families in their homes and reduce community displacement.
Derwin Gordon, a lifelong Dorchester resident, told the committee “this bill would establish a statewide foreclosure prevention program to require servicers to participate in pre foreclosure mediation with homeowners to explore alternatives to foreclosures that would make it possible for homeowners like me and my family to stay in our homes.”
Advocates said the program — carried in S.765 and H.1090 — would require servicers to hold good‑faith conferences with…
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