Hearings To Focus On Mass. Foreclosure Regulations

Massachusetts officials are planning public information hearings for comments about new rules regarding foreclosure notices and reverse mortgages.

The regulations are part of legislation signed by Gov. Deval Patrick in August as part of the administration's response to foreclosure problems in Massachusetts. The law temporarily extends a 90-day cooling off period intended to give property owners and lenders time to negotiate new terms to a mortgage to help avoid a foreclosure. The law extends the period to 150 days.

The public hearings are scheduled for 10 a.m. on Jan. 19 at Brockton Public Library, Jan. 25 at Lawrence Public Library and Jan. 27 at Springfield State Office Building.

This program aired on January 17, 2011. The audio for this program is not available.


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