Menu

The Republican Features SUN in “Freddie Mac rule keeps Springfield couple from saving their house from foreclosure.”

Sunday, March 4, 2012

Boston Community Capital’s SUN Initiative was featured in The Republican article, “Freddie Mac rule keeps Springfield couple from saving their house from foreclosure.”  The article, written by Jim Kinney, discusses the DeCaro family and their fight to keep their home.  The DeCaros came to BCC in hopes that BCC would help them stay in their home by purchasing it at current market rates and selling it back to them.  BCC has agreed on a short sale price with Bank of America and Freddie Mac, but because of Freddie Mac’s “arms-length” provision, BCC is unable to go through with the short sale.

Read the article here