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Government and Lender Programs

Foreclosure Defense Law Firm in Massachusetts

If you are facing foreclosure, there may be strategies available to help you avoid worst-case scenarios. There are many alternatives and defenses to foreclosure, but determining which course of action is best for your personal circumstances may be difficult. Our firm can offer the resolution that you need after a season of financial hardship and stress.

As counselors at law, it is not our job to judge how you got into your current financial situation. Rather, we need to understand where you want to be. Most people want to return to financial freedom, stability, and security. With the help of a Massachusetts foreclosure defense lawyer at Glenn F. Russell, Jr. & Associates, P.C., you could reestablish your life of financial stability.

Refinance & Loan Modification Programs

Depending on what is in your best interests, we can determine a plan of action that can help you stay in your home. This could include a loan modification or mortgage refinance negotiation. Government and lender programs that allow flexibility in loan or mortgage payments exist to benefit individuals who are experiencing financial hardship. Programs include:

Home Affordable Refinance Program (HARP)

Homeowners who cannot qualify for a refinance program can try to negotiate a mortgage refinance plan through HARP. HARP is not beneficial for all homeowners but can be of great use for homeowners who have experienced any of the following:

  • Have little to no equity value in the home
  • Have the financial ability to afford new payments on a mortgage

Home Affordable Modification Program (HAMP)

HAMP can provide relief for homeowners who are several months behind on their mortgages, are in the midst of the foreclosure process, or fear the foreclosure process may be a possibility. HAMP allows homeowners to modify their loans to lower rates. Homeowners can be eligible for HAMP if they:

  • Currently have a loan to modify
  • Took out a mortgage before January 1, 2009
  • Currently and primarily live in the property
  • Are behind on a mortgage or are about to default due to financial hardship

How We Can Help You Stay in Your Home

Many options may be available to you to help you stay in your home. At Glenn F. Russell, Jr. & Associates, P.C., we are truly committed to helping residents in Massachusetts keep their homes. By enlisting our services, we can help you work out options or alternatives to keep you in your home. You should always be aware that nothing is guaranteed in foreclosure matters, and some options may affect your credit score. Do not make hasty decisions without first discussing all of the potential options and defenses to foreclosure with a legal professional from our team.

Contact our firm today to learn more about government and lender programs or to determine if you may be eligible for temporary assistance. We know how important it is to enjoy your life without worrying about losing your home. With help from a Massachusetts foreclosure defense attorney from our firm, your first step to financial recovery could be just a phone call away.