Tag: massachusetts foreclosure

Foreclosure in Massachusetts

Understanding How Pre-Foreclosure in Massachusetts Works

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You’ve likely heard the term pre-foreclosure floating around. With home values lagging and homeowners struggling, foreclosures are becoming more and more rampant around the country. Just what is pre-foreclosure in Massachusetts? Check out the details below. The Definition of Pre-Foreclosure The pre-foreclosure process is the start of the official foreclosure process. It doesn’t begin until … 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
Second Mortgage Foreclosure

Will My Second Mortgage Lender File Foreclosure?

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First, Let’s Define a Second Mortgage A second mortgage is a lien on your home. Just as the first mortgage holds a lien, a second mortgagor will do the same. Often, buyers will take out two mortgages simultaneously to purchase real estate. A second mortgage is a loan just like your first mortgage. They essential … Continued