Top
Advertise »
Winter / Perspectives on Dispute Resolution
Commercial Mediation & Law


Find a Dispute Resolution Professional
Search the Directory »


Wednesday
Aug242011

Anti-Foreclosure Movement

Springfield Approves Tough Anti-Foreclosure Laws

Boston Herald News
August 23, 2011

Touted as the toughest municipal anti-foreclosure legislation in the country, Springfield City Council unanimously passed an ordinance requiring mortgage lenders to attend mediation or face a $300 fine per day. Lenders must also place a $10,000 bond to help maintain the foreclosed and vacant properties.

Advocates say “the ordinances will help more people stay in their homes, protect them from predatory lenders, and fight urban blight.” The ordinance must still be signed by the mayor but supporters from the group “Springfield No One Leaves” believe that the ordinance will survive legal challenges.

Read Article—

Print Article |
| Comment+ + +
AuthorADR Times | Date08.24.2011
« Arab-Kurd Mediation Centres | Main | Lender Sues Borrower for Loan Fraud »

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.