Although a recent survey found that foreclosure rates in Massachusetts are down, Western Massachusetts housing experts say it’s likely only a temporary lull. WFCR’s Karen Brown reports.
In 2009, the federal government launched a program to help struggling homeowners avoid foreclosure. But observers say it’s fallen far below its goals – and does not put enough pressure on lenders to modify loans. So homeowners in Springfield, Massachusetts – which has the state’s highest foreclosure rate — say it’s time to take matters into their own hands. WFCR’s Karen Brown reports.