Menino Announces New Foreclosure Prevention Measures

Mayor Thomas M. Menino, joined by senior officials from several Boston banks, today announced a major expansion of the city's foreclosure prevention initiative that includes a refinancing consortium, the establishment of a Boston Homeownership Preservation Fund to support foreclosure prevention counseling and outreach, and a nine-fold expansion of foreclosure counseling services offered through the city's Boston Home Center.

In addition, Mayor Menino recognized six Boston banks as “First Choice Lenders” for their assistance in the city's foreclosure prevention efforts, support of outreach and counseling efforts, and their commitment to adhere to lending practices that minimize the risk of foreclosures.

“My message today to all Boston homeowners is this: If you are in trouble or you think you are headed for trouble paying your mortgage, there is help available. Call the Boston Home Center at 635-HOME,” Mayor Menino said. “Don't wait until it's too late. Read more at cityofboston.gov