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So, how do you stop foreclosure? Well, there are ways such as modifying the mortgage amount, reducing the interest rate and also decreasing your mortgage payments. Mortgage help in Massachusetts is available to help you stop your house from being foreclosed. Face this because it is hard to deny – Once you fall behind on your mortgage payments and once your payments are simply becoming unaffordable, the first thing you should do is to take action. In fact, sitting at the corner while burying your head in the sand won’t lead you anywhere. Honestly, the mortgage company will never seek you out to bestow help for meeting your financial troubles. You need to be proactive and often by simply calling your servicer and explaining the reason for your late payments, can help you to stop the impending foreclosure proceedings and will also help to modify your mortgage. Foreclosure Process in Massachusetts is legal hence there are also legal alleys available to fight it back. In Massachusetts, the mortgage company give you a “90 Day Notice” once you default on your payments. This is quite an important step because this notice stands as a condition to start foreclosure on your home. The notice tells you that you have total 90 days in hand before your home can be foreclosed on. This also allows you to make up for the missed or late payments during those 90 days. The point is written on the wall – if you get one of these notices, it is important to take action immediately. All that is needed is to take the right step of consulting the qualified Massachusetts foreclosure to get your loan modified at this point of time. Did you ask – “why?” because the mortgage company wants to keep you in the home as long as they can get a reasonable payment amount from you. Well, they are aware that your loan has become unaffordable to you and you simply can no more afford the mortgage payment. Hence they can afford a reduced payment to help you to Stop Foreclosure in Massachusetts. So, how to do this? Well, the best way is to get the legal ammunition. There are a variety of legal claims which you might be able to make against your mortgage company which perhaps you do not even know about. Well, did you know that there are material errors in your HUD-1 Settlement Statement? In fact, you may be able to rescind your mortgage under the Truth in Lending Act. Are you aware that if the broker put you into a mortgage with the intent which you refinance it in a few years? Yes, the broker may be liable for “predatory lending”. Massachusetts has foreclosure laws which are extremely favorable to homeowners, and the Loan Safe Solutions in Massachusetts which are available has been vigorously enforcing these laws against big lenders. In fact, you may even be able to get money damages against your mortgage servicer if in any case they mismanage the money in your escrow account. And now once you get the legal ammunition which you need against your mortgage company, the next big step would be to take your claims to them in order to demand a loan modification or other Mortgage help in Massachusetts. And what if they refuse? You have the legal right to take them to court. So there is Foreclosure Process in Massachusetts available to halt foreclosure on the track. And with the right help, the default can stand as the primary step in getting your loan modified. This content has been taken from: http://www.zimbio.com/Mortgage+Loans/articles/1OTQ6NqP_wV/Mortgage+help+Massachusetts+Halt+foreclosure?add=True
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