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Tag: foreclosure

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Answers to Inherited Real Estate FAQs

January 22, 2018June 30, 2021IPS Cash

When a loved one dies, everyone goes through the same five stages of grief. However, not everyone goes through these stages at the same speed, since recovery may take a couple of weeks or it may take a couple of decades. At the same time, a death in the family also creates financial concerns, as...

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3 Steps to Take When You Inherit Property with a Mortgage

January 8, 2018June 30, 2021IPS Cash

Many people are confused about their obligations and options in these cases. First and foremost, the mortgage is still due. Repayment obligation does not terminate with the death of the original owner. Second, to avoid foreclosure or other adverse action, such as collection letters, the mortgage must be current. The lender can still take...

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Dealing With Inherited Real Estate That’s In Foreclosure

December 10, 2016July 1, 2021IPS Cash

The loss of a loved one is devastating enough, but when that loss is coupled with the prospect of losing the family home, inherited real estate, which is typically the most valuable asset in these situations both financially and emotionally, the burden can almost be too much. Massachusetts is a non-judicial foreclosure state. In...

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Foreclosure Rate Going Up Again In Bay State

November 1, 2016July 1, 2021IPS Cash

The lingering effects of the Great Recession, and the fact that many homes are still underwater, are driving the foreclosure rate in Massachusetts back up. Some observers contend that the continued rise really is a backlog of cases. Three times in the last ten years, Massachusetts lawmakers enacted foreclosure relief measures, such as giving...

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