Worcester Telegram Features BCC in “Signs of hope for some who are facing foreclosure.”
Boston Community Capital’s SUN Initiative was recently featured in the Worcester Telegram article “Signs of hope for some who are facing foreclosure.” The article, written by reporter Aaron Nicodemus, discusses how BCC was able to keep the Barrett family of Blackstone in their home, reducing their monthly mortgage payment by 33%. Nicodemus writes:
"In April, BCC bought their home at a short sale from the new company. BCC then set up with the Barretts a 30-year, fixed-rate mortgage with a monthly payment of $1,800 per month. While there were closing costs, there was no upfront payment, nothing they had to do until BCC had purchased the property.
‘“It is allowing us to stay in our home, which is huge,” said Mrs. Barrett, who has three children. “My oldest was having anxiety issues, because we didn’t know where we were going to live. It has just been a huge, huge relief.’”