Massachusetts Loan Modification Laws

  1.  Massachusetts strictly regulates foreclosure related transactions under the Foreclosure Rescue Transaction and Foreclosure Related Services Act; 940 CMR 25.00 et seq. (see http://www.mass.gov/?pageID=cagoterminal&L=3&L0=Home&L1=Government&L2=AG’s+Regulations&sid=Cago&b=terminalcontent&f=government_940CMR25&csid=Cago)
  2.  The State does not allow any foreclosure rescue transactions for compensation and further disallows advertising of any foreclosure rescue services.
  3. Attorneys are exempt in so far as they are receiving funds for bankruptcy or actual foreclosure proceedings.

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