PHP Form Mailer Woes

First off here’s the code:

[size=1]<?php
$to = “[/size][size=1]l3a0@hotmail.com[/size][size=1]”;
$from = $_POST[‘name’];
$email = $_POST[‘email’];
$subject = “Online Form”;[/size]
[size=1]$date = date (“l, F jS, Y”);
$time = date (“h:i A”);[/size]
[size=1]$msg = "Below is the result of your feedback form. It was submitted on $date at $time.

“;[/size]
[size=1]foreach ($_POST as $key => $value) {
$msg .= ucfirst ($key) .” : “. $value . "
“;
}[/size]
[size=1]mail( $to, $subject, $msg, “From: “.$from.”
“.”<”.$email.”>”); [color=red]<-- [line 24]
[/color]?>[/size]

Simple enough, but the problem comes when I click submit on the form.

Here’s the form:

[size=1]<form action=“mailer.php” method=“post” name=“contact”>
<table border=“1” bordercolor="#000000">
<tr>
<td class=“TableLeft”>Name:</td>
<td class=“TableRight”><input name=“name” type=“text” size=“40”></td>
</tr>
<tr>
<td class=“TableLeft”>Street Address:</td>
<td class=“TableRight”><input name=“street” type=“text” size=“40”></td>
</tr>
<tr>
<td class=“TableLeft”>City, State, Zip:
</td>
<td class=“TableRight”><input name=“city” type=“text” size=“40”>
(i.e. City, State Zip)</td>
</tr>
<tr>
<td class=“TableLeft”>Telephone:</td>
<td class=“TableRight”><input name=“phone” type=“text” size=“20” maxlength=“12”> (i.e. xxx-xxx-xxxx)</td>
</tr>
<tr>
<td class=“TableLeft”>Fax:</td>
<td class=“TableRight”><input name=“fax” type=“text” size=“20” maxlength=“12”></td>
</tr>
<tr>
<td class=“TableLeft”>E-mail:</td>
<td class=“TableRight”><input name=“email” type=“text” size=“20”></td>
</tr>
<tr>
<td class=“TableLeft”>Type of Loan:</td>
<td class=“TableRight”><select name=“Loan”>
<option selected>Please Select</option>
<option value=“Purchase”>Purchase</option>
<option value=“Refinance”>Refinance</option>
<option value=“Home Equity”>Home Equity</option>
</select>
Other: <input name=“other” type=“text” size=“20”>
</td>
</tr>
<tr>
<td class=“TableLeft”>Current Rate:</td>
<td class=“TableRight”><input name=“rate” type=“text” size=“2” maxlength=“5”> (i.e. 5.8% = 5.800)</td>
</tr>
<tr>
<td class=“TableLeft”>Principal:</td>
<td class=“TableRight”><input name=“principal” type=“text” size=“20”>
(i.e. $250,000.00 = 250000.00)</td>
</tr>
<tr>
<td class=“TableLeft”>Appraised Value of Home:</td>
<td class=“TableRight”><input name=“appraised” type=“text” size=“20”></td>
</tr>
<tr>
<td class=“TableLeft”>Rate Your Credit:</td>
<td class=“TableRight”>
<label><input type=“radio” name=“credit” value=“excellent”>Excellent</label>
<br>
<label><input type=“radio” name=“credit” value=“ok”>OK, but some problems</label>
<br>
<label><input type=“radio” name=“credit” value=“bad”>Major credit problems</label>
<br>
<label><input type=“radio” name=“credit” value=“dunno”>Don’t know</label>
</td>
</tr>
<tr>
<td class=“TableLeft”>Questions & Comments:</td>
<td class=“TableRight”><textarea name=“questions” cols=“35” rows=“5”></textarea></td>
</tr>
</table>
<br>
<div>
<input name=“submit” type=“submit” value=“Send”>
</div>
</form>[/size]

The script won’t e-mail the form. The error message is:

[size=1]Warning: mail() [[/size][size=1][color=#0000ff]function.mail[/color][/size][size=1]]: Failed to connect to mailserver at “localhost” port 25, verify your “SMTP” and “smtp_port” setting in php.ini or use ini_set() in F:\WEB\Apache2\htdocs\aaalending\mailer.php on line 24[/size]

How do I go about resolving this issue? BTW, if you can’t tell already, I’m a newb when it comes to server-side ANYTHING.