Local foreclosure petitions plummet -...

Local foreclosure petitions plummet - Sentinel & Enterprise

There are 4 comments on the Sentinel & Enterprise story from Jan 10, 2011, titled Local foreclosure petitions plummet - Sentinel & Enterprise. In it, Sentinel & Enterprise reports that:

Lissette Perez, a single mother of two, has lived in her Milk Street home for 13 years.

Join the discussion below, or Read more at Sentinel & Enterprise.

Pamela Moshier

Easthampton, MA

#1 Jan 15, 2011
The foreclosure process is not slow; in MA it is pretty quick (6 months typically) once the bank starts the actual process. You think 6 months is not quick? It is if you've invested 3, 6, 12, years or longer in financial and emotional investment in the property. It's the process for getting a loan modification or a special forbearance, etc. that is painfully slow.

Fitchburg, MA

#2 Jan 15, 2011
Do a short sale.
Once you have a qualified offer you'll be out in 3 months.

Since: Jan 11

Pacoima, CA

#3 Jan 15, 2011
All the rules have changed in the last couple of months. Lending banks are now being held accountable for the trap they set, borrowing money they didn't themselves have, while using loose and illegal practices in the process. The massive lawsuit against Wells Fargo / Wachovia, Indymac / OneWest bank, Citibank, Bank of America, JP Morgan Chase, GMAC..........can actually, not only put a stop to your foreclosure, but also pause your house payments with no loss to you..........

Fitchburg, MA

#4 Jan 16, 2011
We short saled our home last week. It was easy, pretty quick and painless.
We didn't have to pay anything and it doesn't go against your credit. If you want to get out of your home it's the way to go.

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