Tuesday, February 19, 2013

More on Attorney General's HomeCorps mortgage assistance program

The Globe today has a story about Attorney General Martha Coakley's efforts to inform mortgage servicers about provisions of the Act to Prevent Unnecessary and Unlawful Foreclosures which was signed into law by Governor Patrick last August.  The law permits holders of first mortgages to modify those mortgages without regard to outstanding second mortgages but the Attorney General's office found that many loan servicers were unaware of that provision.  Coakley hopes that by better publicizing this authority, more loans will be modified.

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