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Sentinel & Enterprise Features SUN in “Fitchburg, Registry of Deeds launch foreclosure program”

Sunday, May 20, 2012

Boston Community Capital’s SUN Initiative was recently featured in the Sentinel & Enterprise article “Fitchburg, Registry of Deeds launch foreclosure program.”  The article, written by reporter Michael Hartwell, discusses the collaboration between the Worchester Northern District Registry of Deeds and the city of Fitchburg to promote the SUN Initiative. 

Ryan McNutt, Fitchburg’s housing director says “‘what these homeowners absolutely need is a principal reduction.’  Because so many people facing foreclosures purchased homes during the peak of the housing bubble, many of them are expected to make payments on an inflated principal, which is the original amount borrowed.”

“McNutt's office has begun mailing fliers promoting the SUN initiative to residents in the hopes of reaching those at risk of foreclosure.”

Read the article here.