Let’s decode the

term –

Massachusetts

Foreclosure

When your house is worth more than the amount you

owe on it, lender might let you borrow money based

on the equity you have in your house. And in case

you fail to make your equity loan payments on time,

the lender can foreclose on your house for repaying

the loan. The equity loan lender is usually second or

third in line to get the payment after the foreclosure

sale. Yes, that’s exactly what Massachusetts

foreclosure is all about.

The Boston Foreclosure process

Let’s delve further

Once the lender determines that a foreclosure will be necessary, the lender

publishes a notice of sale. According to the Boston Foreclosure Attorney

opines that the notice must be posted once a week for three consecutive

weeks.

When the federal government holds a tax lien against the property, a notice

of sale is sent at least twenty-five days before the scheduled day of sale to

the Secretary of the Treasury or a delegate of that office. And at least 14

days prior to the date of sale, the lender is then required to send the

borrower a notice of sale.

Typically the Foreclosure Statute dictates all of the rules for notices of sale,

which needs to be properly followed or the foreclosure proceedings can be

reversed.

Seeking the Foreclosure prevention counseling is indeed important if you

are facing trouble.

Massachusetts Foreclosure Lawyer asks your lender for lowering the

mortgage interest rate, forgiving the part of the loan, or giving you more

years to repay the loan; they also offer refinancing services and much more.