Thousands of homeowners descended on Gillette Stadium in Foxboro, MA last week to seek relief from their mortgage loan lenders and avoid foreclosure, the Boston Herald reported August 13, 2008.
Organizers of the Gillette event didn’t have an estimate on the number of people who showed up yesterday for the housing gathering co-sponsored by the Federal Reserve Bank of Boston and the New England Patriots Charitable Foundation, but observers estimated the number to be in the thousands.
Homeowners of every race and gender, many of them accompanied by young children and friends, waited in hundreds of yards of lines along the Gillette parking lot at one point.
"It could be days, if not weeks, before organizers have a final tally on how many people got new deals from lenders, who some have criticized for not being accessible enough for struggling homeowners as the housing crunch intensifies."
Patriots owner Robert Kraft, a member of the Boston Fed’s board, said the day would be a success even if one family got to keep its home.
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