Halt Boston Foreclosure

Foreclosure is the officially permitted procedure.

In Foreclosure system a lender tries to get back the loan balance from a borrower who already stopped giving payments to lender

In this modern world the term ‘foreclosure’ is spread like a killer disease and it is essentially important to stop the foreclosure on its track. The foreclosure attorney thus allows the borrower to stop foreclosure legally. It is the best possible way of seeking help from the professionals. That’s right; The attorney knows the best possible way and the legal process as they are expert to provisionally stop the foreclosure.

AVOID FORECLOSURE

Listed below are some of the tools and techniques that you may be able to utilize to your benefit with the advice and guidance of our team of professionals, only after a thorough review and evaluation of your specific case.

Keeping your house  Chapter 13 Bankruptcy: You may wish to keep your house and continue to live there, and to do this, you will need to either catch-up on the mortgage payments that you are behind on, or get the bank to modify your loan to make the monthly payments more manageable for you.

Loan Modification: Another way to keep your house is to get your bank to modify or change the terms of your loan to make it easier for you to make the monthly payments.

Forbearance Agreement: In some cases, your bank will allow you to stop making the regular monthly payments for a period of time until you get back on your feet at which time, you agree to resume making the monthly mortgage payments.

Selling or Surrendering your house

Traditional Sale: If you have equity in your house, you may be able to sell your house if the bank will give you some time to list it on the market for sale with a real estate broker. If you are able to sell your house and avoid a foreclosure and pay your mortgage off in full when you sell, that will solve your problems for the most part.

Short sale: With a short sale, at the closing or passing of the papers, you are short the amount of money to pay off the bank in full, but if they agree to this, it could benefit you greatly because you will have avoided a foreclosure on your credit rating.

Surrendering or Walking Away: When it is clear that other options will not work for one reason or another, or you have decided that you do not want to keep your house anymore and you want to stop making the mortgage payments forever, you can surrender or give back your house to the bank and file a Chapter 7 Bankruptcy. With this type of bankruptcy, which many people will qualify for, your bank is listed on your bankruptcy petition as a creditor and you also state your intention to surrender the house back to the bank and upon receiving a discharge in your Chapter 7 Bankruptcy case, you will no longer owe your bank any money.

CONSULT US TO AVOID FORECLOSURE

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