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HD 2513

An Act relative to foreclosure mediation

194th Legislature (2025-2026) Introduced by Kristin Kassner

Massachusetts bill requiring lenders to mediate with homeowners before foreclosure, aiming to preserve homeownership and reduce displacement through negotiated alternatives.

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Bill Summary · HD 2513

Legislative bill overview

HD 2513 requires lenders to participate in mandatory mediation with homeowners facing foreclosure before proceeding with the foreclosure process. The bill aims to give borrowers additional opportunity to negotiate loan modifications, repayment plans, or other alternatives to losing their homes.

Why is this important

Foreclosure can devastate families financially and destabilize communities. Mediation requirements can help preserve homeownership for those experiencing temporary financial hardship while potentially reducing the number of vacant properties that burden neighborhoods. This addresses both individual economic security and broader housing market stability.

Potential points of contention

  • Lender burden and costs: Financial institutions argue mandatory mediation adds procedural delays and administrative expenses that could be passed to consumers through higher lending costs
  • Effectiveness questions: Critics question whether mediation materially improves outcomes or merely postpones foreclosures for borrowers with fundamentally unmanageable debt
  • Definition ambiguity: The bill may lack clarity on which foreclosure situations require mediation (primary residences only? investment properties?) and what constitutes good-faith participation by lenders

Compiled from official sources — confirm details with the bill’s official record.

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