Currently viewing the tag: "foreclosure prevention"
7 Defenses to Foreclosure in Massachusetts
February 16, 2011 by CULIK LAW
This post provides a brief overview of various defenses to foreclosure available to homeowners in Massachusetts. (Originally posted in abbreviated form by Culik Law here.) 1. Standing to Foreclose – a/k/a “Show Me the Note” For your bank to foreclose, they must be entitled to enforce the promissory note that you signed at the closing. [...]
Continue Reading →Considering Walking Away? Weigh the Impact First
May 28, 2010 by CULIK LAW
Before walking away from a foreclosure or underwater property, carefully consider all available options. The tax and credit score impact could greatly inhibit your ability to make a fresh financial start. While there can be advantages to a short sale or taking a deed in lieu of foreclosure, it is best to weigh these options [...]
Continue Reading →Mortgage Data Makes Trends and Forecast Uncertain
May 20, 2010 by CULIK LAW
“Any way you look at it, extraordinary numbers of people are having trouble paying their mortgage. What is less clear is the extent to which the problem is getting worse, better or is simply holding its own. Data released Wednesday by the Mortgage Bankers Association showed the mortgage delinquency rate rose in the first quarter [...]
Continue Reading →Guidance for homeowners from the Massachusetts Attorney General (Part 1)
September 1, 2009 by CULIK LAW
A new video release from Massachusetts Attorney General Martha Coakley gives guidance for struggling homeowners on how to handle foreclosure, loan modification, and other mortgage issues, including the Obama Administration’s “Making Home Affordable” program and how to avoid loan modification scams. (Part 1) via Episode 2: Guidance for Homeowners Culik Law P.C. offers legal consultations [...]
Continue Reading →Making Home Affordable servicer report for July 2009
August 27, 2009 by CULIK LAW
The Department of Treasury released its report for July 2009 of mortgage servicers’ performance in performing loan modifications. The intent of these reports is to “shame” loan servicers into performing better. Any Massachusetts residents care to share their stories? MHA_public_report.pdf (application/pdf Object).
Continue Reading →Phone numbers for Fannie Mae and Freddie Mac
July 31, 2009 by CULIK LAW
If you’re a Massachusetts homeowner having trouble getting your loan servicer to work on your loan modification or workout, check here to see if your loan is backed by Fannie Mae or Freddie Mac. Fannie/Freddie Loan Lookup Tool If it is, you can call the appropriate phone number to see if someone at Fannie or [...]
Continue Reading →Untitled Document "I cannot thank you enough for the stellar work you did on my Loan Modification. I tried it myself with no success. You were the expert I needed! You were friendly with me and relentless with the bank. You never lost patience nor spirit. You took it to every level necessary to win. AND WIN WE DID. The Modification you obtained cut over a thousand dollars from my monthly mortgage payment! I can keep my house!" Sincerely yours, Robert N.
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