Recent Posts in Foreclosure

• Posted By Law office of Robert W. Kovacs 9-Mar-2016

  Foreclosure: How You Can Save Your Home in Chapter 13 Bankruptcy

  Are you experiencing some serious financial struggles? Are you concerned about losing your home? There are options available not only to help you save your home from repossession, but also to help you eliminate your overwhelming debts so that you can ...

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• Posted By Robert Kovacs 13-Jun-2015

  Bankruptcy Lawyer Takes a By-the-Numbers Look at Chapter 7 and 13 Bankruptcy

  Bankruptcy Lawyer Takes a By-the-Numbers Look at Chapter 7 and 13 Bankruptcy Bankruptcy Lawyer Most individuals looking for debt relief through bankruptcy file under either Chapter 7 or Chapter 13. There are distinct rules for filing under each ...

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• Posted By Robert Kovacs 19-Aug-2013

  Filing for Chapter 13 Bankruptcy Can Stop Foreclosure

  Filing for Chapter 13 Bankruptcy Can Stop Foreclosure If you are facing foreclosure, you will want to explore all the options available to you to keep your home. Some financial solutions might include filing for loan forbearance or negotiating a ...

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• Posted By Robert Kovacs 6-Jul-2013

  2012 Home foreclosure act may help those struggling with mortgage

  2012 Home foreclosure act may help those struggling with mortgage Home Foreclosure In August of 2012, Governor Patrick signed into law "Act Preventing Unlawful and Unnecessary Foreclosures". This spelled bad news for lenders but may help a ...

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• Posted By Robert Kovacs 30-Jan-2013

  2012 Massachusetts Foreclosure Statistics

  2012 Massachusetts Foreclosure Statistics The Warren Group has reported that there was a 35% increase in foreclosure petitions filed in 2012. The petition is the first step for a bank to foreclosure on property. However, there was a 13% decrease in ...

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• Posted By Robert Kovacs 21-Jan-2013

  Worcester County Bankruptcy Filings Decline in 2012

  Worcester County Bankruptcy Filings Decline in 2012 The Worcester Telegram and Gazete is reporting that Worcester County has seen a 17% decline in chapter 7 bankruptcy filings and a 27% decrease in Chapter 13 filings. Chapter 7 bankruptcy is a good ...

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• Posted By Robert Kovacs 29-Nov-2012

  October 2012 Foreclosure Statistics

  October 2012 Foreclosure Statistics According to the Warren Report there were 121 homes auctioned at foreclosure sales in Worcester County. This is a significant reduction from October 2010 high of 485. The Warren Group also reported 215 new ...

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• Posted By Robert Kovacs 11-Aug-2012

  Massachusetts Foreclosure Laws Amended

  Massachusetts Foreclosure Laws Amended The Governor has recently signed into law amendments to the laws allowing foreclosure in Massachusetts. The law now requires lenders to offer loan modification/loss mitigation options to home owners. The law ...

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• Posted By Robert Kovacs 29-Jul-2012

  proposed new foreclosure law which is expected to be signed into law this week by the Governor -- Full text MGL C 244 s 35A

  Below is the proposed new foreclosure law which is expected to be signed into law this week by the Governor. Section 35A. (a) As used in this section, the following words shall, unless the context clearly requires otherwise, have the following ...

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• Posted By Robert Kovacs 29-Jul-2012

  Selected Cases on Foreclosure in Massachusetts, curtsey of the Mass Law Library

  Selected Cases on Foreclosure in Massachusetts, curtsey of the Mass Law Library Bank of NY v. Bailey, 460 Mass. 327 (2011). "[T]he Housing Court has jurisdiction to decide the validity of a challenge to a title, raised by a former homeowner as a ...

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• Posted By Robert Kovacs 23-Jun-2012

  Henrietta EATON vs. FEDERAL NATIONAL MORTGAGE ASSOCIATION & another.

  Henrietta EATON vs. FEDERAL NATIONAL MORTGAGE ASSOCIATION & another. [FN1] SJC-11041. October 3, 2011. - June 22, 2012. Mortgage, Foreclosure, Assignment, Real estate. Real Property, Mortgage, Record title, Sale. Negotiable Instruments, ...

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• Posted By Robert Kovacs 1-Apr-2012

  Bankruptcy Can Stop Foreclosure Instantly

  Bankruptcy Can Stop Foreclosure Instantly Filing bankruptcy will instantly stop foreclosure on your home. With limited exception, when you file bankruptcy the automatic stay under section 362 of the bankruptcy code is put in place. The automatic stay ...

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• Posted By Robert Kovacs 2-Mar-2012

  Foreclosures in Massachusetts increase 68%

  Foreclosures in Massachusetts increase 68% The Warren Group has recently reported that Massachusetts home foreclosures have increased across the Massachusetts, when comparing January 2011 with January 2012. Bankruptcy can be a powerful weapon to stop ...

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• Posted By Robert Kovacs 6-Dec-2011

  My home has been sold at foreclosure - Is there any way for me to get my house back?

  My home has been sold at foreclosure – Is there any way for me to get my house back? Maybe, but the road in front of you will be an uphill battle. First, the best situation is to contact a bankruptcy lawyer or foreclosure lawyer prior to the ...

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• Posted By Robert Kovacs 4-Dec-2011

  Holiday Foreclosure Moratorium.

  Holiday Foreclosure Moratorium. Fannie Mae and Freddie Mac have announced that they will impose a moratorium on foreclosures from December 19 through January 2. Some large banks, such as Chase, Wells Fargo and Bank of America have announced similar ...

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• Posted By Robert Kovacs 19-Nov-2011

  Contested Lien Strip Victory - Second Mortgage Eliminated

  Contested Lien Strip Victory – Second Mortgage Eliminated Many people are unaware that in bankruptcy you may complete eliminate second mortgages and equity lines of credit on their home or investment property and keep your home through ...

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• Posted By Robert Kovacs 9-Oct-2011

  States Tell Big Banks: "Enough!"

  States Tell Big Banks: "Enough!" Massachusetts Attorney General Martha Coakley has announced that her office is preparing to file lawsuits against big banks that engaged in unlawful foreclosures. Massachusetts is the latest state to proceed ...

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• Posted By Robert Kovacs 5-Oct-2011

  Chapter 13 Bankruptcy Primer

  Chapter 13 Bankruptcy Primer A Chapter 13 bankruptcy case is primarily used to repay all or some of a person's debts. Typically, a repayment plan is for far less than what you owe with most debtors repaying less than 10% of their debts. It is ...

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• Posted By Robert Kovacs 17-Aug-2011

  "NATIONAL ASSOCIATION OF CONSUMER BANKRUPTCY ATTORNEYS ISSUES RESPONSE TO OBAMA ADMINISTRATION PLAN TO SELL VACANT AND ABANDONED PROPERTIES IN FORECLOSURE"

  Dear NACBA Member: We wanted to let our members know that NACBA issued the following press release late last week: NATIONAL ASSOCIATION OF CONSUMER BANKRUPTCY ATTORNEYS ISSUES RESPONSE TO OBAMA ADMINISTRATION PLAN TO SELL VACANT AND ABANDONED ...

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• Posted By Robert Kovacs 20-Jul-2011

  Bankruptcy Can Provide Leverage to Underwater Homeowners

  Bankruptcy Can Provide Leverage to Underwater Homeowners The Washington Post recently reported that the Obama administration is not planning another large federally funded program to relieving the troubled housing market. This news comes despite the ...

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• Posted By 10-Jun-2011

  "Fla. Couple Ready to Seize Bank of America Furniture After Winning Foreclosure Fight"

  Please see the below article from the American Bar Association. To view the full article click ...

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• Posted By Robert Kovacs 1-Jun-2010

  HAMP Loan Modification Changes – Modification can NOT be denied because of active bankruptcy

  Starting today, June 1, 2010, HAMP Home Loan Modifications cannot be denied because you are in an active chapter 7 or 13 bankruptcy. This is significant for many consumers. Many consumers facing foreclosure need both bankruptcy and a modification. A ...

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• Posted By Robert Kovacs 24-Jan-2010

  You can file bankruptcy and keep your home

  If you file bankruptcy you will keep your home; unless you want to surrender it to the bank. In order to keep your home you will need to at a minimum be able to make the current monthly payment on the first mortgage. If you are filing chapter 7 ...

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• Posted By Robert Kovacs 12-Jan-2010

  Internet Resources for valuing your home

  The following is a list of FREE internet sites that may help in the valuing of your home: http://realestate.yahoo.com/Homevalues http://www.zillow.com/ http://www.cyberhomes.com/ ...

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• Posted By Robert Kovacs 7-Jan-2010

  Home Loan Modification and Bankruptcy

  If you are struggling with your home payments you may be able to get a bank approved home loan modification. The government program is run through the Department of Housing and Urban Development. HUD has setup a website for dealing with the issue of ...

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