There has been scores of discussion on this site in recent weeks about predatory lending and the high rate of foreclosures in Massachusetts. In addition, a bill (S. 747) filed by State Rep. David Torrisi and myself, which would give several additional protections to consumers has been mentioned. I am pleased to report that Secretary of the Executive Office of Economic Development has come out in favor of this bill and it seems that the legislature is moving quickly to act on this, if I say so, important piece of legislation.
In fact, next Tuesday, March 27th at 10:00 a.m.,in Room B-2 of the State House, our foreclosure bill will be up for a public hearing in front of the Housing Committee.
To show your support, please contact your local Representative and Senator. If you are unaware of who your local official is, or you would like more information on the bill, please contact my office and we will assist you. (617) 722 1650