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These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments
A deed-in-lieu of foreclosure involves turning over your home to a lender to avoid foreclosure proceedings. In some instances, going this route could help you avoid paying the remaining loan ...
To avoid a mortgage deficiency judgment, contact your servicer as soon as you know you’ll have trouble making payments. Foreclosure is a stressful and overwhelming experience. Aside from losing ...
The case involved a homeowner (Henrietta Eaton) who lost her house in Massachusetts via a foreclosure sale after defaulting on her mortgage.Eaton then filed a suit against Fannie Mae in Massachusetts Superior Court alleging that the record holder of the mortgage did not also hold the promissory note at the time of foreclosure.
Residents are then contacted in person by volunteers with the project, which include students at Harvard Law School and eight other Boston-area law schools and colleges, [2] as well as undergraduates and members of concerned community groups. In 2009, more than 1,000 people living in foreclosed properties were contacted by Project No One Leaves ...
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Foreclosure of chattel mortgages (mortgage of movable property) are governed by Sec. 14 of Act No. 1506, which gives the mortgagee the right to sell the chattel at a public sale. It has also been held that as regards chattel mortgages, the law does not prohibit that the foreclosure sale be done privately if it is agreed upon by the parties. [49]
The notice of default includes instructions to avoid foreclosure and bring the account up to date, typically by contacting the servicer to establish a relief or repayment plan. The borrower has a ...