News
Foreclosures

PATRICK-MURRAY ADMINISTRATION TARGETS $5.1 MILLION TO SUPPORT FORECLOSURE PREVENTION EFFORTS IN FIVE COMMUNITIES

BOSTON, MA - March 8, 2010 - (RealEstateRama) — Friday, March 5, 2010 – Furthering the Patrick-Murray Administration’s commitment to improve communities hard hit by foreclosure, Governor Deval Patrick today announced that $5.1 million in federal funds will be allotted to boost neighborhood stabilization programs underway in Framingham, Leominster, Lynn, Marlboro and Worcester. Those funds can be used to acquire, and rehabilitate foreclosed properties and get them reoccupied with new renters or homeowners.”Foreclosed and vacant properties lessen the quality of life for entire neighborhoods,” said Governor Patrick. “This influx of additional funds to those communities will enhance the good work they are already doing to revitalize neighborhoods and create new affordable housing opportunities for hard-working individuals and families who earn modest wages.”

City of Boston, Bank of America Announce Pilot to Preserve Tenancies in Foreclosed Properties

October 29, 2009 - (RealEstateRama) — Mayor Thomas M. Menino and Bank of America Corporation today announced a first-of-its-kind in the nation initiative to prevent tenants from being displaced out of foreclosed homes. The initiative marks the latest expansion in the City’s on-going efforts to meet all of the challenges presented by the foreclosure crisis

Delahunt Announces Foreclosure Assistance To South Shore

Funds to Help Homeowners at Risk of Losing Homes. WASHINGTON, DC - October 21, 2009 - (RealEstateRama) — U.S. Rep. Bill Delahunt today announced the award of $115,823 in Department of Housing and Urban Development (HUD) grants to Quincy Community Action Programs (QCAP) and the Plymouth Redevelopment Authority.

Mortgage Foreclosure Prevention

Governor Patrick’s five point foreclosure prevention plan is designed to keep people in their homes and stabilize neighborhoods across the Commonwealth: