Although a real estate attorney is usually called upon in the front-end of a deal, a recent story suggests that a legal professional could also provide counsel to residential or commercial owners facing foreclosure.
As previously discussed on this blog, Worcester city council members have had very different views on the city's foreclosure policy than the city's manager. While some have supported implementing a city ordinance that would require homeowners with foreclosed properties to undergo mediation with their lenders, others have found the costs too high and the benefits too remote.
For several years people in Massachusetts have been waiting for some serious support in battling the foreclosure crisis that has plagued the state since the country fell into a recession. As legislators have debated and proposed various housing recovery bills, homeowners in Worcester and around the state have been forced into the painful process of home foreclosure.
As summer approaches, some homeowners in Worcester might be contemplating whether it is a good time to put their homes on the market. As previously discussed on this blog, the Worcester real estate market appears to be improving and some sellers are experiencing multiple offers on their available properties. Even though it seems that now may be a good time to get into the market, a particular group of sellers is gradually offering properties from their stores of available homes.