Understanding Foreclosure in Massachusetts To navigate the foreclosure process in Massachusetts, it’s important to understand what foreclosure means and the different types involved. What is Foreclosure? Foreclosure is a legal procedure where a lender tries to recover the remaining balance of a loan from a borrower who has stopped making payments. The lender does this […]
Introduction If you’re a homeowner in Massachusetts struggling with missed mortgage payments, it’s essential to understand how pre-foreclosure works. Pre-foreclosure is the first stage of the foreclosure process, which happens after a borrower has failed to make mortgage payments for a certain period, usually between three to six months. During this time, lenders send out […]
Behind on property tax? Everything You Need to Know About Property Taxes in Massachusetts Nobody likes paying their property taxes, but there are reasons why they are important to pay, both for your own good, and for the good of the town you live in. Towns rely on property taxes to fund public services and […]
Understanding Foreclosure: A Comprehensive Guide Definition of Foreclosure Foreclosure is a legal process initiated by mortgage lenders to gain control of a property when the borrower fails to make required mortgage payments. This typically involves selling the property at auction to recover the outstanding loan balance. Importance of Understanding the Foreclosure Process Understanding how foreclosure […]
