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Mortgage companies that prey on consumers with predatory lending practices would face criminal charges under a bill filed by Massachusetts Governor Deval Patrick, the Boston Herald reported June 11, 20007.
"The bill would criminalize mortgage fraud, require lenders to file an intent to foreclose, and ban so-called foreclosure 'rescue' schemes that allow homeowners to stay in their home in exchange for signing over the property."
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I am a Massachusetts real estate broker and lawyer and co-founder/owner of Buyers Brokers Only, LLC. I am also a partner in the law firm of Rosa & Kres, LLP.
If you have a question for me about any aspect of the home-buying process (i.e., house hunting, mortgages, negotiations, buyer agency, purchase and sale, etc.), please don't hesitate to send me an email. I'm happy to try to answer your question.
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