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Blog Category:

Wrongful Bank Foreclosure

9/6/2011
Andrew J Garcia
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Will a Massachusetts bank approve a short sale?


Will a Massachusetts bank approve a short sale and why? Episode 4 of "2nd Marriage Estate Planing" continues to answer our viewers short sale and debt question. Will my new spouse now be responsible for my debt?

Why would a bank want a short sale? 
Answer: So that they do not have to go through the foreclosure process as well. They will not have to carry the debt on their books and there may be a government insurance protecting them from losses. Ultimately, it will no longer be their problem. 
Episode Guide:





 




Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 




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