Archive for January, 2009
Advice That Will Help The Homeowner In Foreclosure
Some Help and Advice That Will Help the Homeowner Facing Foreclosure It’s hard to know what advice to follow in today’s market. If you are facing foreclosure, there are a number of things to consider as solutions to your problem. Before you make any of these decisions, you should take note of the following four [...]
10 Things You Must Know To Prevent Foreclosure
If you’re facing foreclosure, and would like to try to prevent foreclosure, follow these tips: Pay your mortgage before any other expense. It is the top priority. You can do without the credit cards and live without utilities for a while, but you need a roof over your head. Make your mortgage payments as close [...]
Are You Facing Foreclosure and Need Help?
I’ve seen some visitors now searching for help on preventing a foreclosure in Massachusetts. I’ll post some more information that I’ve found in the near future, but for now, see below: Are You Facing Foreclosure and Need Help? If you live in Massachusetts, you can call the Massachusetts Mortgage Foreclosure Assistance Hotline toll-free at (800) [...]
Foreclosures jump 62% in 2008 in Massachusetts
Timothy Warren Jr., CEO of The Warren Group, reported on January 21, 2008 in the Boston Herald that foreclosures in Massachusetts jumped to a total of 12,430, up from 7,653 in 2007 and 3,130 in 2006. In December, there were 936 foreclosures, a 37 percent increase from 683 in December 2007. “Sadly, over 12,000 people [...]
What are the Foreclosure Laws in Massachusetts?
The Commonwealth of Massachusetts laws that cover non-judicial foreclosures are found in Chapter 244 of the General Laws of Massachusetts. Both judicial and non-judicial foreclosures are covered under this statute. You can read the Massachusetts Foreclosure Laws. How are Massachusetts mortgages foreclosed? The primary method of foreclosure in Massachusetts involves what is known as non-judicial [...]
What is a Home Foreclosure – When and How Does it Happen?
It seems to me that a good starting point for the blog is a definition of a foreclosure. What is a Home Foreclosure? Foreclosure is the legal proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor’s equitable right of redemption. Usually a lender obtains a [...]