A New Option from the Consumer Financial Protection Bureau. On March 27, 2020, in the early days of the Covid-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A major purpose of this wide-reaching law was…
Category: Mortgages
Stopping Foreclosure with Bankruptcy
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If you fall behind on your mortgage payments, and the lender has accelerated the loan and begun foreclosure proceedings, a Chapter 13 bankruptcy is often the only realistic way to save your home from foreclosure. Unless you can come up…
Dyck O’Neal Lawsuits in Massachusetts
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Throughout 2014 we have been dealing with a flood of lawsuits from a debt collection firm called Dyck O’Neal. The lawsuits are mostly from Florida, and they arise out of mortgage foreclosure deficiencies judgments purchased by Dyck O’Neal. Former homeowners…
Should I Reaffirm my Mortgage in Bankruptcy?
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It may work differently in other states, but here in Massachusetts people do not tend to reaffirm mortgages in Chapter 7 bankruptcy. First of all, reaffirmation only exists in Chapter 7. It does not exist in Chapter 13 or 11.…
Can a Second Mortgage Foreclose on my Home?
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In theory, the answer is, yes. A junior mortgage, such as a HELOC or other second or third mortgage, can foreclose in Massachusetts. There are additional procedures for the foreclosure of junior (second, third, etc.) mortgages that are different than…