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Commercial Collection Lawyers Help Refinance, Sell or Purchase Real Estate
Mortgage rates are low to benefit buyers, but the pandemic made it difficult for many previously creditworthy people to qualify for mortgage loans or refinancing. If the Covid-19 pandemic negatively impacted your FICA score, left you unemployed, or without savings, it may seem like you are at the mercy of your mortgage company. Our Massachusetts debt collection attorneys have 60 years of combined experience working with JP Morgan Chase, Citizens Bank, Bank of America, and other major mortgage lenders. Our unique relationship with your mortgage lender makes it possible for us to succeed in refinancing your mortgage when you possibly could not.
The Department of Housing and Urban Development
The Department of Housing and Urban Development (HUD) helped 3.5 million applicants from 2015 to 2020 in the throes of foreclosure or buying their first home. Your interest rate on refinancing may be based on the amount of your down payment. Whether HUD will help you refinance your home may be based on the location of your home, the property tax assessment on your property, whether the property is residential or commercial, your employment history, whether you are a veteran, or if you are a police officer or teacher living in an underserved neighborhood.
Massachusetts Commercial Collection Law Office
Our Boston commercial collection lawyers perform all residential and commercial real estate transactions for all situations. Our turnaround time is swift. Our attorneys prepare purchase contracts, mortgage refinancing contracts, perform title searches, secure mortgage title insurance for the buyer, and hold funds in escrow prior to the real estate closing.
Real Estate Closings
Our experienced real estate attorneys are sincerely interested in helping you with refinancing, sales, or purchase of residential or commercial real estate throughout Massachusetts. Our attorneys prepare their own closing documents and can perform the refinance closing in our law office or meet with you on your property. Our attorney can travel to your local tax office and recorder of deeds to represent you. You’ll receive a detailed estimate of every cost for our services and the necessary fees, for example, to record deeds, file quitclaim deeds, or get your property out of tax sale. Our law office is always available to answer your questions.
Bankruptcy — Refinancing Your Business
Chapter 11 bankruptcy allows a business or sole proprietorship to reduce debt by modifying mortgage loans and leases. Extending the terms of your loan for three or five years lowers your monthly payments. Though bankruptcy is more complex, Chapter 11 can help you liquidate nonessential assets, make lump sum payments on your essential loans.
Chapter 11 Bankruptcy
Our Massachusetts commercial collection lawyer may be able to strip secondary liens off your business property as unsecured loans and discharge their unpaid deficits. Chapter 11 bankruptcy reorganization can help you remove encumbrances from your mortgage or primary business property. Chapter 11 bankruptcy can allow you to return rental property and discharge the unpaid deficit on the loan. Chapter 11 bankruptcy gives you 300 days to gain the approval of his restructuring plan. Successful Chapter 11 bankruptcy can help you and your business operate at a profit again.
Jointly Owned Property
Business partners are “jointly and severally” liable for all the debts incurred by the business. If one partner is unable to pay a share of the mortgage payments, the other partners owe the debt. Since business loans are based on the business owners’ personal credit, you who own property jointly with another may be able to sever your interests. The bankruptcy trustee can order the property sold.
Fair Debt Collections Practice Act
Our debt collection attorneys can also help you with unfair debt collection practices, a mortgage lender that is harassing you with menacing phone calls and deceptive practices. Unscrupulous collection agencies can take every penny of your payment and proclaim its interest without decreasing your principal mortgage loan balance. You can complain about the collector to the Federal Trade Commission complaint form. Your creditor must state paid in full on your credit report if you’re debt is paid in full.
Creditors That Owe You Money
Your uncollected debts can be an asset. Working on a contingency basis, our Boston, Massachusetts, lawyer can file in small claims court. You can collect on your slow-paying customers plus interest and legal fees if you’re not immediately paid. You can decide whether or not to let your customer negotiate a payment plan. Our Massachusetts debt collection attorney can collect money from your debtors anywhere in the United States not just within the state of Massachusetts.
Goldberg and Oriel
Contact our real estate law firm for help with refinancing your home or commercial mortgage within the state of Massachusetts. Your case evaluation is free, and due to our efficiency, our fees are low. Our debt collection attorneys will bring you peace of mind while solving your financial difficulties.