A Way to Possibly Stop a Massachusetts Foreclosure

By Greater Boston Real Estate Lawyer, Attorney Chesley Oriel

If you are in the midst of having a mortgage foreclosed and the real estate is located in Massachusetts, then I urge you to find the HUD Settlement Statement that you received when you obtained the mortgage. Request an attorney review the HUD Settlement Statement for the following areas:

1. who handled the actual closing? was it an attorney or was it a Settlement Service Company?

2. what fees and expenses were charged? Were they fair and reasonable? Were you charged “owner’s” title insurance for a refinance transaction? Was the amount of the title insurance charged even for just lender’s title insurance correct? Were you given any discounts that should have been offered to you?

3. depending on when (date is important) you signed the mortgage documents, was the Notary an attorney, or just a “notary public”? Depending on when it was done, the notary should have been either an attorney or a paralegal/notary who worked under an attorney.

If for any reason, you cannot find the HUD Settlement Statement, then you should send a certified mailed letter to your original lender requesting a copy of that document.

A few minutes spent having an Attorney who knows what they are doing, review your HUD Settlement Statement could save you not only thousands of dollars, but perhaps even keep you living in your home.

You should never “assume” that the mortgage closing was done properly. In fact, although it is not commonly done, sometimes Settlement Service companies will handle a “purchase” closing in Massachusetts. If you are one of those “buyers” who had such a closing, then you may very well have a claim for damages to pursue against the Lender, the Settlement Service Company, and the Notary who handled the closing. Enough of a claim, to very possibly stop a foreclosure!

Get more information about Massachusetts real estate foreclosures at the Greater Boston real estate foreclosure attorney law firm.

Greater Boston Real Estate Foreclosure Attorneys

Our Greater Boston real estate foreclosure attorneys provide legal services throughout Massachusetts, in every County, City, and Town, including the Massachusetts Counties of Middlesex, Suffolk, Worcester, Plymouth, Essex, Norfolk, Bristol, Hampden, Hampshire, Dukes, Nantucket, Franklin, and Berkshire, and the Cities and Towns of Acton, Andover, Ashland, Attleboro, Auburn, Avon, Barnstable, Berlin, Bellingham, Beverly, Billerica, Bolton, Boston, Bourne, Boxford, Boylston, Braintree, Brewster, Bridgewater, Brockton, Cambridge, Canton, Carlisle, Charlton, Chelmsford, Clinton, Cohasset, Concord, Danvers, Dedham, Dorchester, Dover, Dudley, Dracut, Duxbury, Fall River, Falmouth, Fitchburg, Framingham, Franklin, Gardner, Gloucester, Grafton, Harvard, Hingham, Holliston, Hopkinton, Hudson, Hull, Leominster, Littleton, Lowell, Lynn, Mansfield, Maynard, Malden, Marlborough, Medfield, Medway, Mendon, Milford, Millis, Milton, Natick, New Bedford, Needham, Newton, North Grafton, Norwell, Norton, Palmer, Peabody, Plymouth, Princeton, Quincy, Randolph, Salem, Scituate, Sharon, Shirley, Shrewsbury, Southboro, Stow, Sudbury, Stoughton, Taunton, Upton, Walpole, Wayland, Wellesley, Weymouth, Wrentham.