Patrick’s program for neighborhoods in Boston. Brockton. Lawrence. New Bedford. Springfield and Worcester involves reclaiming pre-foreclosure and foreclosed homes and selling them to first-time homebuyers.
Patrick also asks lenders to provide “transition resources” for populate who lose their home to foreclosure after failing to keep up with monthly payments. The assistance would consider paying first and last month’s rent and moving expenses with the remainder going to nonprofit counseling agencies that help them.
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Related article:
http://bostonreb.com/blog/2007/10/19/governor-proposes-a-new-proposal/
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