Foreclosure stands as a specific legal process. It helps the lender in recovering the balance of a loan from a borrower who has however stopped making the payments to the lender by forcing the sale of the asset used as the collateral for the loan

In simple language - when you borrow money to buy a house and you do not make an attempt to repay the loan on time, the lenders are in liberty to take back your house and sell it to repay the loan.

As per the Foreclosure Attorney, it happens if you do not repay the loan on time. The process however leads the lender to foreclose your property

The threats of Foreclosure thus lurks behind when you borrow money to buy a house, you sign a mortgage, which gives the lender legal claim to your house if you don't follow the terms of your agreement.

The lawyers play their part to help you stop or delay the foreclosure process through bankruptcy or other means. Of course the legal experts have the right amount of knowledge and skill set to help you save your home whenever possible.

The bankruptcy petition will be able to stop the overall foreclosure process almost immediately. It is always advisable to seek legal advice before or as soon as the lender starts foreclosure proceedings.

Real estate forbearance is yet another means to stop Massachusetts foreclosure. In fact the Banks are prohibited from commencing with foreclosure when forbearance plans are in place

Loan modification is yet another means to say no to foreclosure. This strategy involves reducing interest rates or principal balances. Lenders typically offer reduced interest to lower installments..

massachusettsforeclosurecenter.com