Massachusetts H1083 establishes a mediation program to facilitate alternatives to foreclosure for homeowners.

Massachusetts H1083 creates a Massachusetts Foreclosure Mediation Program to help homeowners avoid foreclosure. The program involves a neutral third-party mediator facilitating discussions between the homeowner and the creditor. If the homeowner opts into the program, the creditor must wait for the mediator's certification of good faith participation before proceeding with foreclosure. The program includes guidelines for mediator training, document submission, and mediation sessions. It also mandates the collection of fees for mediation, with a cap on the homeowner's portion.

Massachusetts H1083 establishes a mediation program to facilitate alternatives to foreclosure for homeowners.

Massachusetts H1083 creates a Massachusetts Foreclosure Mediation Program to help homeowners avoid foreclosure. The program involves a neutral third-party mediator facilitating discussions between the homeowner and the creditor. If the homeowner opts into the program, the creditor must wait for the mediator's certification of good faith participation before proceeding with foreclosure. The program includes guidelines for mediator training, document submission, and mediation sessions. It also mandates the collection of fees for mediation, with a cap on the homeowner's portion.