Gillette Stadium Hosting Foreclosure Prevention Workshop At Boston

Posted in Foreclosure, July 23rd, 2008 |

The Federal Bank of Boston and The New England Patriots Charitable Foundation will be hosting a foreclosure prevention workshop at Gillette Stadium. No fees will be charged. It will be held on Tuesday 12th August. Starting from 1 pm it will continue till 8 pm. The workshop will be a great opportunity for foreclosure victims to directly meet their lenders to avoid foreclosure evictions.

The chairperson and CEO of The Kraft Group, Robert Kraft said that many events are hosted in Gillette Stadium but this one is “especially meaningful.” The foreclosure situation in New England is grim.There is hope that this event will help the issues to be resolved. The Kraft Group expressed its satisfaction at being able to “provide Gillette Stadium as the venue.”

It is an acknowledged fact that solving the foreclosure problem is not easy either for borrowers or for lenders said the president and CEO of the Federal Bank of Boston, Eric Rosengren. Gillette Stadium with its welcoming atmosphere and international standard facilities is the ideal place for holding such a crucial workshop. It will create the right ambience for talks of such weight. He was optimistic that this happening “held in this setting, can make a difference.”

Behind the workshop is the support of New England’s elected officials. Some of them are Governor Deval Patrick, Mayor Thomas M. Menino and U.S. Rep. Barney Frank amongst others. Governor Patrick commented that this was a great opportunity for lenders and borrowers to meet in a mood of faith and trust to work hard at finding a solution forthe raging foreclosure problem.

Mayor Menino added that in Boston they were continuing to make efforts to give as much real assistance as feasible to those who were at risk from foreclosures. Simultaneously they were working for recovering the health of the localities that had been blighted by empty foreclosed houses.

The borrowers were asked to be prepared and bring all their documents as regards income, expenses and loans together with mortgage papers to the workshop for the talks. These would come of use while discussing with a housing and or credit counselor. A special number has been set up for the convenience of the participants. Borrowers could call and leave behind their particulars like name and address as well as any relevant question after giving a callback number. They could expect a return call within 24 hours.