All about Boston Foreclosure and Massachusetts debt relief Boston

In April 2010 Massachusetts recorded a 160% plus growth of foreclosure. It is however pertinent to mention here Boston foreclosure however takes a median 138 days to process, compared to 234 days two years ago. It is possibly the best time therefore to stay informed about the ways to stop foreclosure on the track.

Before delving any further let us understand how exactly it does feel when the big American dream comes to an end. Denial is the first thing which comes in mind. ‘My lender is simply not going to foreclose on me.’ – this is however the first thing which comes in mind.  Depression is the next inevitable thing which you may face – ‘This is the worst thing that could happen, and it ruins everything – this is perhaps the staggering concept which hits the mind. And as the last stage comes acceptance. This final stage is the scariest and this is when you leave your home to foreclosure and just walk away! Don’t fall into this trap instead follow the most intelligent way.  Sure you need to hire the Boston Foreclosure Attorney who can actually help you with the foreclosure law.

It’s time to attempt the following:

·        First things first - look for the Massachusetts debt relief Boston help and at the same time ask your Lender to modify the terms of the loan

·        Think logically and seek legal help to refinance your home

·        Sell your home

·        Offer the lender a deed-in-lieu of foreclosure

·        Here is your action plan to stop Boston foreclosure

Contact the Lender. As already briefed you should immediately call the Lender so that the process of obtaining a Workout Agreement may commence.

Obtain the checklist documents: Gather all the information and start with the preparation of all the documents.

Draft the hardship letter: To stop foreclosure you need to compose the hardship letter. In fact this explanation in the form of a Hardship Letter is your opportunity to take Action.

Sign the agreement if you like it:  This is the final step and if your lender provides you with the loan modification agreement ensure that you understand entirely what the Lender is proposing and also understand the terms well. Do not shy away from asking relevant questions

Massachusetts debt relief Boston center can put the power back in your hand and help you in protecting your home from being foreclosed.