Worcester Framingham Foreclosure Lawyer
Foreclosure Attorney Serving Worcester and Framingham
If you are facing difficulties in paying debt or other financial obligations, you are likely having difficulty with your mortgage as well. In the recent past, many unsuspecting citizens were convinced to refinance their homes or purchase a new home with loans that were not in their best interests. Adjustable Rate Mortgages, or ARMs, were what was sold as the best option to many homebuyers, with the result a few years later of ever increasing monthly payments that have made it even harder to keep up. You also may have been affected by the economy and have had a loss of income as well. Regardless of the situation, an experienced Worcester Framingham Foreclosure Attorney will be able to assist you in some type of relief from a looming foreclosure.
What are your options?
You may have already had an increase in your mortgage rate due to an ARM and find yourself no longer able to afford your home. At the Law Office of Robert W. Kovacs, Jr., we can assist you in making the correct decision based on your financial situation. You have several options which we can discuss with you personally so as to direct you in the proper course to take. If you no longer wish to keep your home, you have the option of doing a “short sale”, where your lender will agree to accept less than the amount you owe as full payment of your debt once the house sells. A knowledgeable attorney will be able to ensure this is done properly, in addition to ensuring the lender has no recourse to take against you personally for the balance of the loan amount. You also have the option to do a loan modification, where both the terms and the duration of your loan are modified in order to reduce your monthly payment to a level you can afford.
You have several options when it comes to protecting yourself from losing your home. Many bankruptcy lawyers in Worcester, MA such as Robert W. Kovacs, understand that there are many alternatives and every case is unique. The correct choice for you needs to be reviewed carefully with your attorney. Call Attorney Robert Kovacs, Jr. for a thorough interview that will assist you in making an informed choice.
Contact a Worcester Framingham Foreclosure Attorney from the
Law Office of Robert W. Kovacs, Jr. for a highly qualified attorney to assist you with your foreclosure.