This resource provides helpful information about the foreclosure process, what to expect, and steps you can take to avoid foreclosure. Laws, cases, and web sources on repossession law.In this 8-step guide, we'll explain how to buy foreclosed homes in Massachusetts and help you decide if buying a foreclosed home is right for you. Foreclosure is a complicated multistep process that allows mortgage lenders to repossess homes from homeowners who have missed payments on their mortgage loan. In Massachusetts, the lender must give the borrower 41 days' notice before they sell a foreclosed property. Liquidation Documents: Title and Repossession Affidavit, Out of State Repossession titles and affidavits are accepted. Plates: Remain with the debtor. Repossession is when a lender takes back property that was used as collateral for a loan. Learn how the Massachusetts foreclosure process works, including preforeclosure steps, foreclosure procedures, and homeowner rights. 1. Find foreclosed homes for sale.
