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Helping Massachusetts homeowners stop foreclosure

For many people in Massachusetts, owning one's own home remains the American Dream. For decades, home ownership was the norm for millions of middle-class Americans. But, in today's struggling economy, many Americans worry they might lose their homes to foreclosure.

People can fall behind in their mortgage payments for all kinds of reasons. For some, it is a result of losing a job, followed by a long stretch of unemployment. For others, their home is threatened after a serious illness results in overwhelming medical expenses. Unexpected life changes can happen without warning, putting at risk a home you struggled for years to achieve.

At the Law Offices of Kenneth E. Lindauer, we understand the worry and the fear that people experience when they receive a notice of foreclosure from their mortgage company. We also understand the options that may be available to allow you to stop foreclosure and keep your home.

As we discussed in last week's post, for many people, a Chapter 13 bankruptcy filing can allow them to enter into a payment plan to bring their mortgage current. For those who have built up a lot of equity in the home, filing a Declaration of Homestead can allow them to exempt the home from liquidation in a Chapter 7 bankruptcy. In either case, the automatic bankruptcy stay stops foreclosure proceedings in their tracks and gives the homeowner some time to evaluate all the options.

It is possible to fight foreclosure. But, to do so, it is essential to understand your rights under the law. For more information on how this law firm can help Massachusetts homeowners facing foreclosure proceedings, please visit our web page.

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