Wednesday, September 05, 2007

Foreclosure Rescue Transactions Banned

A new regulation from Massachusetts Attorney General Martha Coakley, 940 CMR 25, "prohibits predatory, for-profit foreclosure rescue transactions," according to a press release issued earlier this week. "The new regulation also makes it an unfair or deceptive act to market foreclosure-related services without a precise description of how the promoter will assist persons in avoiding or delaying foreclosure." For more information on foreclosure, see Mass. Law About Foreclosure. For more regulations, visit our CMR pages.