Category: Foreclosure

Inherited house in foreclosure

What Happens if You Inherit a Property in Foreclosure?

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While we all hope and plan to live out our days debt-free, the reality is that many people pass on when they’re in the midst of financial difficulty. In many cases, this means that the bank has started moving forward with the foreclosure process when the heirs become aware of the situation. If you have … Continued
foreclosure alternatives

Alternatives to Foreclosure for Massachusetts Homeowners

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Whether you’re struggling to meet your financial obligations and are thinking ahead, or have been threatened with foreclosure by your lender, there’s little else in this world that will send you into a tailspin. In this guide, we aim to equip you with all the knowledge you need to start taking action to regain a … Continued
Foreclosure timeline

Foreclosure Eviction Timeline: What to Expect & Your Options

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If you’re facing foreclosure you likely feel as though the world is falling out from under your feet, and you have no control. We understand how it feels to be in your position, full of anxiety for the future. In this article, we’ll guide you through what to expect during this process, your rights, and … Continued

When Will Foreclosures Resume Again in Massachusetts?

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Foreclosure is a topic that would cause anxiety during regular times without the added uncertainty that came with the 2020 housing market. The COVID-19 pandemic threw a great many industries out of normalcy, and the real estate market was no different.

How to Stop a Foreclosure Auction Immediately

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Going into foreclosure can be a scary process. Life happens, and you can find yourself in a sticky situation where you have fallen behind in your payments, and your house is about to get auctioned off. If this sounds like you, then you need to stop the foreclosure auction immediately!

Can You Sell a House While Going through Pre-Foreclosure?

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Foreclosure. It’s a scary word. If you’re facing foreclosure on your home you may be scared, stressed, or overwhelmed by all of the uncertainty that comes with significant financial stress and the possibility of losing something big like your house on someone else’s terms. In this post we’ll answer some common questions you may have … Continued
HOA Foreclosure

What Happens When an HOA Forecloses on a Property?

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If you are currently an owner of a property such as a condominium, townhouse, or a single family residence that belongs to a homeowner’s association, you may face unique scenarios and challenges if you fall behind on your monthly HOA fees or special assessments imposed by the association. These types of fees are typically reserved … Continued
Massachusetts Foreclosure Moratorium

Massachusetts Foreclosure Moratorium: What You Need to Know

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The state of Massachusetts passed Chapter 65 of the Acts of 2020, establishing a temporary moratorium to prohibit non-essential evictions and foreclosures. This act was titled “An Act for a Moratorium on Evictions and Foreclosures During the COVID-19 Emergency,” and expired on October 17, 2020. With the expiration of this state moratorium, the Centers for … Continued
Avoid Foreclosure in Massachusetts

4 Ways to Avoid Foreclosure in Massachusetts

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Have you missed payments on your mortgage? Have you received the dreaded foreclosure notice from your lender? If so, you are likely wondering what your options are to avoid foreclosure and stay in your home. This guide will walk you through how to avoid foreclosure in Massachusetts. In Massachusetts, there are many ways to prevent … Continued
Late on Mortgage Payments Due to Coronovirus?

Are You Late on Your Mortgage Due to the Coronavirus?

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A recent survey by the Mortgage Bankers Association demonstrated a 4 percentage point jump in delinquency rates during the last quarter, the largest quarterly rise to be reported in MBA history. Specifically, FHA loans demonstrated a record high number of delinquency rates. In Boston, Massachusetts, early-stage delinquencies (over 30 days past due) were up to … Continued

Can My Home Still Be Foreclosed During COVID-19?

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In response to the COVID-19 global pandemic, the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act was instituted in late March as a way to ease the financial burden experienced by Americans during this crisis. The effects of this order were recently extended to December 31, 2020. If you are faced with financial difficulty … Continued
Foreclosure

Knowing When it’s Too Late to Stop Foreclosure in Massachusetts

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Knowing you might face foreclosure can be overwhelming and stressful. There are numerous requirements and deadlines you must know. Rather than trying to beat the clock at the last minute, learn the timelines you have to keep your foreclosure process from taking the next step. Stopping the Foreclosure Proceedings If you’ve missed several payments in … Continued