Loan Modification

Loan Modification and Foreclosure resources

State Sponsored Assistance

Assistance is available to all Massachusetts homeowners who are facing foreclosure from HomeCorps. HomeCorps, a program sponsored by the Massachusetts Attorney General’s office, provides a comprehensive three-part borrower support and referral initiative including a Loan Modification Initiative, a HomeCorps Borrower Representation Initiative, and Community Based HomeCorps. Contact the HomeCorps hotline at 617-573-5333 or link to HomeCorps on the Attorney General’s website if you are in need of assistance.

The Commonwealth of Massachusetts website includes a comprehensive listing of foreclosure resources available to Massachusetts homeowners. Click here to access the webpage which includes general information about foreclosure as well as contact information for federal, state, and local nonprofit resources which provide counseling, loan restructuring options, and other resources.

Federally Sponsored Assistance

President Obama’s Making Home Affordable programs have been set up to help homeowners in danger of foreclosure as well as those who have already begun the foreclosure process. The program has two components:

  • The Home Affordable Refinance Program is available to homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac.
  • The Home Affordable Modification Program will help at-risk homeowners and those already in foreclosure by reducing monthly mortgage payments.

Other Assistance

Massresources.org provides FAQs about foreclosure as well as a comprehensive listing of resources available to Massachusetts residents who are facing foreclosure. Click here to link to the Massresources foreclosure page.

Home Preservation Coalition of the Merrimack Valley provides free counseling and other services to homeowners facing foreclosure. Their contact information is:

  • 978-970-0600, ext. 1
  • 450 Merrimack Street, Lowell, MA