Currently viewing the tag: "foreclosures"
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 →The Other Foreclosure – Tax Sales!
May 19, 2010 by CULIK LAW
“Valentine lost the two-story brick row home after the city sold her debt to investors through a contentious and byzantine legal process called a “tax sale.” This little-known type of foreclosure can enrich investors as growing numbers of property owners struggle to pay their bills. These foreclosed homeowners are not the families making headlines for [...]
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 →From the Boston Globe: Massachusetts foreclosure petitions in June jumped to 2,835 – more than eight times higher than the 350 petitions in June 2008 and 21.7 percent higher than the 2,329 filings in May, said the Warren Group, which added that the number of petitions to foreclose in June was the highest it�s been [...]
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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