Worcester Foreclosure Defense Lawyer
Serving Clients in Worcester & the Surrounding Areas
Are you facing the foreclosure of your home? Have financial hardships caused you to fall behind on your mortgage payments?
Unfortunately, lenders have very little sympathy for the financial problems of their customers. They will take action to recover the property in an effort to maintain their profitability.
This can be a very distressing prospect for you as a homeowner. Many people in this situation feel that nothing can be done to avoid foreclosure. This is not the case. Certain strategies can be applied that may save your home and/or your credit rating.
How My Foreclosure Defense Firm Can Help You
- 20+ Years' Experience on Your Side
- Proven Results in 5,000+ Cases
- I Can Help You on Weekends & Evenings Too
- Learn More in a Free Consultation
To understand your options, it is important that you seek the services of a competent attorney who understands this field of law.
As a Worcester foreclosure defense lawyer at Morrison & Associates, I can thoroughly review your potential foreclosure situation to determine what steps can be taken to avoid the repercussions of foreclosure or to avoid the loss of your home.
We can work together to then do what is in your best interests regarding your situation.
Arrange to speak to me about your Worcester, MA foreclosure case. Call (508) 928-3038 or contact my office online as soon as possible if you have received a notice regarding foreclosure.
What Actions Can Be Taken to Defend Your Home Against Foreclosure?
Several actions can be initiated to avoid or forestall foreclosure and its repercussions on your credit.
These actions will be based on:
- Your mortgage agreement
- Other relevant facts and circumstances
- And your particular objectives
Possible foreclosure defenses include:
- A thorough review of your mortgage agreement for predatory lending
- A review of your mortgage servicing for mistakes and deceptive practices
- A loan modification
- A short sale
- Filing for bankruptcy under Chapter 7 which results in automatic stay protection from the demands of creditors
- A deed in lieu of which you transfer your interest in the property to the lender to satisfy the loan
- A strategic default in which you stop making payments and mail the keys to the lender
As your Worcester foreclosure defense attorney, I will ensure that an exhaustive review of your situation occurs so you can make a rational decision on how best to proceed.
A thorough plan can then be devised to achieve your goals, whether it is:
- Working with your lender for an extension
- Filing for bankruptcy to achieve an automatic stay
- Or challenging the foreclosure based on appropriate legal claims
Time is of the essence, however, in this matter so contact Morrison & Associates as soon as possible.
Will I Lose All Equity in Foreclosure?
If you are not able to save your house from foreclosure, you may still be able to get back the equity that you poured into your home. Equity is earned by the ownership you gain as you pay into your mortgage.
If you are unable to prevent foreclosure, any equity left over after the sale, bills, fees, and all expenses that go with foreclosure will belong to you. It is important to note that the more behind a person becomes on their mortgage, the lower their equity gets.
Can I Get Foreclosure Protection?
If you are at risk of foreclosure, you may be wondering if there are any state resources available to protect you from such a difficulty. In Massachusetts, there are certain foreclosure protections available for borrowers with high-cost home loans under Massachusetts General Laws Chapter 244 § 35B.
The qualifications of a high-cost home loan include:
- Certain fees
- And annual interest rates
Not all MA homeowners apply for foreclosure protection.
How Long Can I Stay in My Home After Foreclosure?
You have the right to stay in your home until foreclosure has been finalized and your home has been sold. Generally speaking, foreclosures may last anywhere from eight weeks to a year or longer, depending on the unique situation. Let our firm help you prevent foreclosure!
To schedule a consultation with our Worcester foreclosure defense attorney, call (508) 928-3038 today or contact us online.
Knowledgeable, helpful, and always quick to respond!Brittany Guntor
"His wealth of experience certainly paid off as the process could not have gone any better than it did. Troy's quick responses to my questions were very much appreciated along the way. I cannot recommend Troy high enough."JL
Person at my side through entire process.Daniel G.