South

Brockton

Panel seeks ways to ease homeowner debt

Advertisement

A working group exploring the concept of using eminent domain to stabilize the debt of homeowners whose mortgages are greater than their home values will hold up to nine public meetings before delivering recommendations in May, said City Councilor-at-Large Jass Stewart, who chairs the new 11-member panel. An organizational meeting was held last week. Under discussion are ways to acquire securitized mortgage debts on eligible homes and implement a plan to service, underwrite, resell, or otherwise stabilize those households at present-day value, Stewart said.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com