foreclosure prevention Tag

foreclosure massachusetts

7 Defenses to Foreclosure in Massachusetts

This is a brief overview of various defenses to foreclosure available to homeowners in Massachusetts. Keep in mind that all mortgages and mortgage servicers are different. Regardless, homeowners are protected by certain rights and consumer protection related to the handling of mortgages and foreclosure in Massachusetts....

How Ocwen’s $2.1B Settlement Affects Massachusetts Homeowners

Recently we've had a lot of questions from borrowers regarding Ocwen's $2.1B settlement and how specifically it impacts them, if at all. Included in this post is some background and specific information on how the details of the settlement may affect you. In 2012, the nation’s...

Massachusetts Issues New Mortgage Servicing and Foreclosure Regulations

The Massachusetts Division of Banks has issued rules regulating the conduct of banks and mortgage servicers. The regulations re-emphasize previous requirements, such as providing timely responses to payoff requests, and not foreclosing without legal authority to do so. The regulations are effective October 11, 2013. In...

Homeowners Cheated of $83M in Mortgage Rescue Scams

The majority of Massachusetts consumers who contact us requesting assistance with loan modification or foreclosure defense have already received numerous unsolicited mail offers from firms promising to stop foreclosure or lower mortgage payments. Unfortunately, many have paid thousands of dollars and received no assistance at...

Culik Law Obtains Injunction Preventing Foreclosure

Culik Law has prevailed in a motion in Massachusetts Superior Court to prevent the foreclosure of a family’s home by the banks Ocwen and US Bank. The homeowners were under review for a loan modification when the foreclosure was scheduled. Under various standards set by the...

HAMP Loan Modifications Extended, Now Available Through 2015

The federal loan-modification program, HAMP, has been extended until the end of 2015. The main government departments that oversee HAMP, the Department of the Treasury and the Department of Housing and Urban Development, recently made the announcement. Originally introduced in 2009, HAMP, which is short for...

Appeals Court Rules in Favor of Massachusetts Homeowner

Reviewing a Massachusetts homeowner’s trial loan modification agreement with her mortgage bank, an appeals court ruled in Young v. Wells Fargo Bank, N.A. (Case no. 12-1405) that the homeowner was entitled to a permanent loan modification. The homeowner’s loan modification was offered under the federal Home...

Bank of America Headed to Trial For Wrongful Foreclosure

In a recent decision on the HAMP loan modification program, a magistrate judge of the US District Court for Massachusetts ruled that homeowners who were foreclosed on while under consideration for a loan modification may proceed with a lawsuit against Bank of America. Bank of America...