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Foreclosures on the Rise

Foreclosures on the Rise

Foreclosures are legal actions through which lenders have the right to terminate mortgages before their terms are over should the debtors fall behind in payments or stop making payments for whatever reasons. Lately the rate at which homes are being foreclosed are...
Foreclosure Deficiency

Foreclosure Deficiency

Foreclosure deficiency accrues when the lender is unable to cover all that is owed to them in the mortgage by the debtors from the foreclosure sale proceeds. This deficiency can also be attributed to a short sale or from a deed in lieu of foreclosure in Massachusetts....
Cash for Keys as an Option After Foreclosure

Cash for Keys as an Option After Foreclosure

For the foreclosing parties or the buyers of foreclosed properties to evict current owners or tenants as soon as possible they may make an offer to these people to achieve this goal.Therefore cash for key is a money offer a new owner or the lender makes to the owners...
What Happens at a Foreclosure Sale?

What Happens at a Foreclosure Sale?

Foreclosure is a legal process through which lenders can collect mortgage debts when the lenders stop paying their monthly obligations.  This process causes people to lose their homes as it sells homes to obtain what is owed to them and considering how meaningful it...
Boston foreclosure

Boston foreclosure

Foreclosure in Boston occurs when you have failed in making payments on your mortgages or secured loans and your lender(s) has considered selling your property so as to recover what you owe to them. When facing a foreclosure don’t let go without a fight because of the...
Cambridge Foreclosure

Cambridge Foreclosure

Foreclosure in Cambridge is the resolution secured lenders arrive at when a homeowner is unable to stay current with the mortgage or condominium fee payments for a given period of time.Because of the financial implications of a foreclosure in Cambridge, the first step...