Benner & Weinkauf, P.C.

First, you now see that you have viable legal options to stop foreclosure. These options also have different degrees of financial consequences for you and your family.

Bankruptcy provides you (as the debtor) with an automatic stay and will automatically stop the process of foreclosure.

A negotiated loan modification will make your monthly payment affordable once again and bring your account current.

Most lenders, especially mortgage lenders, are very willing to talk about ways to help you through difficult financial times. The last thing a family wants to do is lose their home, and your lender is aware of that.

Very simply, there are usually three legal means to halt a foreclosure process in Massachusetts: Paying Off the Owed Debt Apply for a Loan Modification Filing for Bankruptcy

Bankruptcy is a difficult, complex legal process and usually initially will harm your credit.

The main reason for a loan modification is to allow you to keep your home during difficult financial times and to prevent foreclosure.

When your lender claims you are in default of your loan, they must serve you with a written notice.

Many things can occur that cause you to be in your current financial situation.

Many financially sound families today find themselves in financial situations they never have been in before, and never expected to be in.

There are several ways to get rid of liens and protect your property.

There are many different types of liens, including: Voluntary or consensual lien: Both the debtor and creditor agree to this type of lien, which is put on property that is being used to secure a loan. Involuntary or statutory lien: This type of lien is put on the debtor’s property after they default on a debt. A creditor must take action in order to put this type of lien on the debtor’s property. Judgment lien: This is a lien that is placed on the debtor’s assets by the court, typically after a lawsuit with a creditor. The purpose of this lien is to help the creditor collect the money that the debtor owes. Tax lien: If you fail to pay taxes, the government may put a tax lien on your property. Mechanic’s lien: If you fail to pay a contractor for work performed on your home, they may put a mechanic’s lien on your property.

It’s not easy to get a lender to agree to modify the terms of your loan. After all, lenders want to quickly collect as much money as possible from you.

Every debt relief option has pros and cons, including loan modifications.

As its name suggests, a loan modification is a change to the terms of a loan.

There are a number of benefits to a short sale, including: -Choosing a short sale can help homeowners avoid foreclosure -Homeowners will have more control over the sale of their home compared to a foreclosure, where homeowners will have no control over what happens -Homeowners can pay off their mortgage for less than what is actually owed

You cannot sell your home in a short sale without the lender’s approval.

A short sale occurs when a homeowner who is struggling financially sells their home for less than what is owed on their mortgage.

Don’t let a debt collector harass you. If a debt collector is violating your rights, contact the attorneys at Benner & Weinkauf right away.

There are both federal and state laws that outline what debt collectors can and cannot do.

The rules regarding the discharge of tax debts in bankruptcy proceedings are complex.

Filing for Chapter 7 or Chapter 13 bankruptcy can stop wage garnishment.

A creditor cannot take as much as they want from your paycheck even if they have obtained a court order. There are both federal and state laws that limit how much a creditor can take when garnishing your wages.

A creditor typically cannot begin to garnish your wages without a court order. This means the creditor must go to court and prove that you owe them money in order to start garnishing your wages.

Wage garnishment occurs when a creditor instructs your employer to withhold a certain percentage of each of your paychecks.

The attorneys at Benner & Weinkauf will negotiate with your creditors in an effort to reach a favorable settlement on your behalf.

Filing for bankruptcy can help many people achieve their financial goals, but unfortunately, there are some some drawbacks to declaring bankruptcy.

Deciding whether or not to file for bankruptcy is not easy. Will it be worth it? The answer to this question will vary on a case-by-case basis.

People file for bankruptcy when they are experiencing financial hardship, so you may find it odd that filing for bankruptcy isn’t free.

It’s important to know what to expect if you file for bankruptcy in Massachusetts. Filing for bankruptcy will immediately trigger an “automatic stay.”

You can do it with the help of our contact form https://bennerweinkauf.com/contact-us/

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33 Samoset St Plymouth, MA 02360

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