Dorchester Bay launches foreclosure prevention push

Dorchester Bay Economic Development Corporation (EDC) is teaming up with the national HomeFree-USA to prevent home foreclosure in local neighborhoods. Homeowners are asked to call 617-825-2213, 617-825-0561, or toll-free 888-701-5001 to receive additional information and begin free foreclosure intervention services.

“We are launching a ‘Foreclosure Intervention’ campaign in Metro-Boston during the month of June 2009. Our goal is to assist 1,000 homeowners during this time,” said Jeanne DuBois, executive director of Dorchester Bay EDC.

HomeFree-USA, homefreeusa.org), is a HUD-approved, nonprofit homeownership counseling organization. The two agencies say they “will work with homeowners who have either stopped making mortgage payments or are currently making payments that they know are unsustainable (i.e., ARM loans with sharp increases in monthly payments).”

For more information, contact Lorraine Grubbs, Foreclosure Intervention Specialist, Dorchester Bay EDC 617-825-4200 X226, lgrubbs@dbedc.org.