Foreclosure in Boston

Información en español para la ejecución de una hipoteca.
Click here to read about foreclosure prevention resources in Boston.

After years of low foreclosure rates, Boston began to experience a dramatic increase in foreclosures in 2006. Mayor Thomas Menino responded with a number of city initiatives, including increase funding to community organizations to continue or expand their housing counseling services, and working with lenders to establish a list of “First Choice Lenders” which have agreed to follow a set of fair lending guidelines. Boston also piloted the “Don’t Borrow Trouble” ad campaign to warn residents about predatory lending.

Foreclosure Prevention Resources

Boston Home Center
The Boston Home Center, located at 26 Court Street in downtown Boston (across the street from City Hall), is a one-stop source of information for Boston homeowners. At the Boston Home Center, you can get informational pamphlets on topics such as predatory lending practices, housing discrimination, city-approved local lenders, and grants available to low- and moderate-income first-time homebuyers.

Boston Foreclosure Prevention Initiative
The website for the City of Boston's Foreclosure Prevention Initiative provides reports on foreclosure trends and information on a series of free foreclosure prevention seminars offered by the city There are three seminars in this series: Credit Education, Risky Mortgages, and Foreclosure Prevention. Check the site for information on upcoming classes.