| | Advanced Search

 

Leonardo Angiulo: Further Refining the Investigation of Marijuana Offenses—Leonardo Angiulo: Further Refining the Investigation of Marijuana…

Smart Benefits: 2015 Health Insurance Rates Approved—Rhode Island’s Health Insurance Commissioner recently announced approved…

Basketball Recruiting: MA, RI Players With D1 Futures- Class of 2015—Basketball Recruiting: MA, RI Players With D1 Futures-…

Queen Rules Mohegan Sun—Last Friday night, Queen rocked Mohegan Sun for…

College Admissions: 6 Tips for Adjusting to College Life—How to make the transition fun and easier

Training Camp Talk: Stocks Rising & Falling—The Patriots have completed four full days of…

Revs Topped By Late Crew Goal, Drop 8th Straight—An 84th minute goal by Ethan Finlay of…

20 Things Most Worcester Natives Have Experienced—What makes Worcester unique? It is the places,…

Fit for Life: Want to Lose Weight? Ready, Set, GO!—There really are only 3 ways to lose…

MA Beauty Insider: Nautical Chic - The Breton T-shirt—Striped cabanas and awnings have always been evocative…

 
 

Mass. AG’s Services Aid in Foreclosure Crisis

Saturday, February 16, 2013

 

Mass. Attorney General Martha Coakley is giving borrowers a break in the ongoing foreclosure crisis that has hit the state with new initiatives established in her HomeCorps program.

The program has provided struggling homeowners across the Commonwealth with foreclosure-prevention efforts including free legal services, financial counseling and eviction prevention.

“The goal of our HomeCorps program is to mitigate future impacts of the foreclosure crisis by providing advocacy to distressed borrowers, and these initiatives are making an impact,” Coakley said. “Through legal services, financial counseling, and other extensive foreclosure prevention efforts, these homeowners are receiving critical assistance and relief.”

The program uses funds directed to the state through the $25 billion national settlement with five major banks serving in foreclosure practices – Ally, Wells, Bank of America, Chase, and Citi. HomeCorps uses these resources to benefit affected borrowers with loan modification, borrower representation and borrower recovery.

As revealed in a GoLocalWorcester investigation, hundreds of Central Mass. residents have been the victims of fraudulent, expedited foreclosures from these banks.

Through the Borrower Representation Initiative, attorneys have been successful in bringing claims against banks for improper foreclosures, representing former homeowners in eviction proceedings and providing legal assistance to clear obstacles preventing a loan modification. With the goal of preventing homelessness, these legal aid offices represent some of the most vulnerable homeowners, including the elderly and disabled, or for whom English is not their first language.

Last year the Massachusetts Legal Assistance Corporation (MLAC) and the National Consumer Law Center (NCLC) were awarded a two-year grant totaling $6 million to administer this Borrower Representation Initiative. This amount will also fund 14 locations statewide staffed by 19 attorneys dedicated to foreclosure-related cases and direct legal representation.

Through the Borrow Recovery Initiative, local residents have been assisted in making progress toward achieving economic recovery. Services are provided at no charge and include providing support and advocacy, budget counseling, helping families apply for available benefits and programs such as fuel and emergency food assistance which they may never have applied for previously, and linkage to employment resources.

In addition, income-eligible families who have lost their homes to foreclosure may qualify for monetary assistance of up to $2,000 to prevent impending homelessness.

To date, more than 400 cases have been handled by both the borrower representation and borrower recovery initiatives. 

 

Related Articles

 

Enjoy this post? Share it with others.

You Must be Logged In to Comment

Tracker Pixel for Entry