What is a Pre-Foreclosure in Beverly?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Beverly anyway? Many homeowners across America and Beverly are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

How to Stay in My Home After Foreclosure in Beverly

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

How Foreclosure Works in Massachusetts

Understanding the foreclosure process in Massachusetts is a crucial part of navigating your home foreclosure. Before we get into it… How Foreclosure Works in Massachusetts What is foreclosure anyway? The Merriam-Webster Dictionary says foreclosure is: “a legal proceeding that bars or extinguishes a mortgagor’s right of redeeming a mortgaged estate” And for those among us who don’t … Continued

Can I Sell My House in Foreclosure in Gloucester?

Is your Gloucester, MA house in foreclosure or facing foreclosure right now? A lot of people going through the Massachusetts foreclosure process want to get out from under their burdensome property and wonder if they can sell the house even when it is currently in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually … Continued