Tag: foreclosure

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

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
Reverse Mortgage Foreclosure

How Should You Handle a Foreclosure on a Reverse Mortgage?

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When a loved one passes away leaving a house behind, the heirs left with the home may be surprised to find out there is a reverse mortgage lien on the property.  When Elizabeth Erickson’s mother passed away in 2012, she left a family home full of memories behind. The plan was to sell the home … Continued
Deed in Lieu of Foreclosure

Understanding a Deed in Lieu of Foreclosure

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It is easy for anyone to find themselves in financial distress which results in a lot of stress. Various factors contribute to a financial crisis including medical debt, loss of a job, death, divorce, or a necessary and rushed relocation.  Unfortunately, when you own a home, financial distress can include the possibility of finding yourself … Continued
Foreclosure Impact on Credit Score

Will Foreclosure Affect My Credit Score?

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Of course, the best idea is to avoid foreclosure, however, if foreclosure is where you are headed, you may be wondering how it will affect your credit score. Unfortunately, we don’t have the greatest news for you.  When you are ready to move on and purchase another home, your foreclosure will show up on your … Continued