BOSTON (WWLP) – The three-year long battle between Springfield homeowners facing foreclosure and six western Massachusetts banks came to a head in court Thursday. Springfield residents are pushing for both a third-party mediation program and a $10,000 dollar bond from their lender to maintain foreclosed and vacant properties.
“I’m not asking you to bail me out. I’m asking you to negotiate with me and work with me because I want my home; I purchased it, but with them being the lender, said Candejah Pink of Springfield.
The Springfield City Council passed the two ordinances back in August 2011, but shortly after, the six banks in western Massachusetts filed a lawsuit. A representative for the six banks told 22News that existing state laws are not consistent with the ordinances that were approved by the city of Springfield.
The city of Lynn has a similar mediation program in place. The Carroca’s were on the path to foreclosure, but they say the mediation program helped them stay in their home.
“The minute we were connected to the mediation program, it took no time to have a physical rep. at our fingertips to figure out where we were going and what we wanted to do,” said Julie Carroca of Lynn.
There is no set date on a ruling.