Foreclosure Process in Massachusetts: Retain your home
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Massachusetts foreclosure law says that one should be 60 days behind on your mortgage payment before any Foreclosure Process in Massachusetts can actually begin. You will be contacted when your first mortgage payment is about 30 - 45 days late. Again the lender will send you a letter, demanding the payment. This is basically a formality where the letter clearly states that you as the borrower have 30 days in hand to make the delinquent payments.
As per the third step which occurs right after 60 days, the lender turns the delinquent account over to their legal department. This is done to start with the formal foreclosure proceedings and at that particular point the process the proceedings are made public.
Protect your home better with Massachusetts bankruptcy law. Do the following things step wise.
Hunt down the best Massachusetts loan modification help who can
Ask the Lender to modify the terms of the Home Loans in Massachusetts
Refinance the home;
Sell your home;
Offer the lender a deed-in-lieu of foreclosure.
This content has been taken from : http://massloan.inube.com/blog/826749/foreclosure-process-in-massachusetts-retain-your-home/