April 15, 2025, Massachusetts State House, Room A1, Boston, MA – Homeowners dominated the testimony for a breakthrough piece of legislation at a hearing of the state legislature’s Financial Services Committee. 20 years into the historic foreclosure crisis, homeowners spoke of the personal destruction of their constitutional rights and their and their families’ lives.
“The Resolution Trust Fund (An act to establish a Resolution Trust Fund for receipt of reasonable mortgage payments) will help both the Massachusetts State Treasurer and our homeowners, and provide the state with assets and a revenue stream that it didn’t even know it was owed,” explained Grace Ross, Coordinator of the Mass Alliance Against Predatory Lending.
Homeowners from communities surrounding Springfield, Falmouth, and Lowell spoke out about the lasting damage to their lives, but the potential bailout of the state’s financial concerns may be accomplished through this profound means for homeowner protection and justice.
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