The legal proceeding is known as a “foreclosure,” and will result in the loss of your home, foreclosure fees, additional legal fees, and possibly a deficiency judgment if your outstanding liens exceed the current value of your home. Your credit will also be shot when all is said and done...
For most of the foreclosure process, you can still make arrangements that allow you to keep your home. If you fail to makemortgagepayments for an extended period, your lender may take control of the property and sell it. For much of this process, known as foreclosure, you'll still have ...
How To Avoid Foreclosure On Your Home. Mortgage Foreclosure Help in Massachusetts, Massachusetts Foreclosure Attorneys. Stop Foreclosure
How to avoid foreclosureHolden Lewis
“At this time, your priority should be to keep your home,” she said. Homeowners need to keep up with the mortgage payment, utilities, auto insurance, health insurance and groceries. Another option: If you have a student loan, you may apply for a deferment for economic hardship or un-em...
There are several ways to try to fight foreclosure and keep your home. Let’s consider some of the initial steps to take when you know you won’t be able to meet your housing payments. Talk to the bank.Don’t run and hide. They already know you haven’t been paying and so they wi...
A Notice of Default could show up on your credit report and affect your score. This can make it more challenging to get other types of credit orrefinance your mortgage. Once you’ve received a Notice of Default, you need to act swiftly toavoid foreclosure proceedings. “Do not let this ...
If you haven’t fallen behind on your mortgage payments by more than a month or two, you still have a chance to get back on track. If you can manage to raise enough extra cash, you can make up the missed payments and save your home from foreclosure. ...
id Home Foreclosure How - and Why - to Avoid Home ForeclosureHow - and Why - to Avoid Home ForeclosureHarold I. Levine
Refinance the mortgage to cash out the equity (known as a reverse mortgage scam). Quite often, this crime leaves the family without a home. Worse still, the bank or mortgage lender will put a lien on the property, which could result in foreclosure. ...