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State sets up hotline for subprime borrowers
Massachusetts has opened a new hotline for low-income residents who are struggling with their subprime mortgages and need help.
Attorney General Martha Coakley said her office recruited more than 100 attorneys and law students, who have agreed to provide free legal assistance to borrowers having trouble paying their mortgages, facing foreclosure or trying to negotiate a payment plan.
The state is offering the pro bono assistance in partnership with legal services and advocacy organizations and bar associations through the Legal Advocacy and Resource Center.
The Legal Advocacy and Resource Center will assign a lawyer to each case.
The Center's phone numbers are: 800 342-5297 and 617 603-1700.
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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate
and business issues.
Rona Fischman is a buyer's agent who provides a look at the local housing scene, from basements to attics.
