What do I need to do to stop a foreclosure proceeding?

In Massachusetts, if you want to stop a foreclosure proceeding you will need to take the necessary steps to bring your mortgage back into good standing. This includes paying off any delinquent payments and/or late fees that have accrued as well as getting your current mortgage payments up to date. Alternatively, you may be able to negotiate a loan modification with your lender to help reduce your monthly payments and keep you in your home. Another possibility is refinancing your loan. In some cases, you may be able to get a better interest rate and lower your monthly payments. You should carefully evaluate the costs and benefits of refinancing before making a decision. Finally, in some cases Massachusetts has special debt relief programs available to help homeowners facing foreclosure. These programs can provide financial assistance and other types of relief to help struggling homeowners keep their homes. Contact your local government housing office, or a HUD-approved housing counseling agency, to learn about these options. In any case, the sooner you take action to address your situation, the more options you will have available. Keeping good communication with your lender is also key, as many lenders will be willing to work with you if you show that you are taking proactive steps to get your mortgage back in good standing.

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What do I need to do to stop a foreclosure proceeding?

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