by adminbank | Aug 31, 2015 | Foreclosure
Foreclosure is an action through which lenders legally can collect their dues from their defaulting borrowers by selling the asset pledged in the loan agreement. If the borrower is not making the necessary efforts to clear his/her debts timely as per the agreement,...
by adminbank | Aug 25, 2015 | Foreclosure
Foreclosure on Worcester is a legally allowed process through which lenders can recoup what is owed to them by the debtors through the sale of the asset backing up the loan.If you take out a loan or a mortgage and make no efforts towards repaying, your lender(s) have...
by adminbank | Aug 24, 2015 | Foreclosure
In Massachusetts, most of foreclosures are non judicial requiring no court intervention to be carried out thus closing out the door for redeeming the house after the foreclosure. However, judicial foreclosure also exists and gives the soonest chance to repurchase or...
by adminbank | Aug 20, 2015 | Foreclosure
The fact that a foreclosure is prompted by circumstances making it difficult to make loan repayments, it will pose negative influences to your credit worthiness and your ability to acquire new mortgage regardless of whether it is a voluntary or an involuntary...
by adminbank | Aug 12, 2015 | Foreclosure
After foreclosure is finalized when the sale has taken place in an auction depending on your status either as former owner or a tenant you don’t necessarily have to leave. You can execute several options available to you in pursuit of your goal. A former owner has a...
