Foreclosure & Workouts Update 2021

The worldwide COVID-19 pandemic and subsequent state and federal declarations of emergency greatly altered the landscape of Massachusetts foreclosure and workout practice. Government, regulatory agencies, and mortgage loan investors and insurers responded quickly with a raft of measures to preserve housing and prevent borrowers from being foreclosed upon or evicted due to the massive negative economic impact of COVID-19. In addition, state and federal governments, along with investors and insurers, developed new loss mitigation programs to comply with the COVID-19 laws to benefit borrowers and loan servicers alike. Now that vaccinations are rolling back the pandemic in the United States, and the statutory safety-nets are coming to an end, borrowers and servicers are working to find their way back to 'normal' default and workout practice. Join us online to stay up-to-date on the latest developments.