That’s right; as soon as you realize that you are unable to make your mortgage payments, speak up about your circumstances with the mortgage company to which you send your monthly mortgage payment. Your options to retain your home are most effective when you are only one or two payments behind. The point is simple – there are ways to avoid Massachusetts foreclosure if you know where to look at and what to look for. When you feel that the threat of Boston foreclosure is lurking behind then it’s time to seek help of the Foreclosure prevention counseling service.
For the uninitiated, this is basically a free service for Massachusetts homeowners who are in trouble with their house loans or might be in trouble in the future. Consult the Massachusetts Foreclosure Lawyer to understand the law well.
As a matter of fact the foreclosure counselors provide advice and services to help homeowners avoid foreclosure. The Counselors are basically the experts in reviewing your mortgage and finances with you, discuss your options, and help you find a solution that is best for you.
Benefits of foreclosure counseling
In fact the foreclosure counseling programs offer state of the art Massachusetts foreclosure prevention advices to homeowners those at the risk of foreclosure:
Negotiation services: The Boston Foreclosure Attorney Foreclosure counselors will talk to your current lender to try to work out a repayment plan that you can afford.
The counselor might ask about your lender in lowering the mortgage interest rate, forgive part of the loan, or give you more years to repay the loan.
Refinancing services: The Massachusetts Foreclosure Attorney also tries to find out new mortgage loan for you that fit your budget, so you can refinance and keep your house.
Legal assistance: Yes, you have guessed that right Boston foreclosure prevention counseling also includes legal assistance and if in case your lender has broken the law and has violated your legal rights, your counselor will get legal assistance for you.
Financial counseling: Foreclosure counselors will help you by budgeting your money so you can make your mortgage payments on time, and also save for home repairs, utility bills, property taxes, and other home-related expenses.
This content has been taken from: http://www.zimbio.com/Law+Cases/articles/fXODZ6C0bz3/Massachusetts+foreclosure+bid+bye+worries?add=True
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