Mass. AGen Fights

Well, not satisfied with major lenders and servicers "attempts" to prove their legal right to foreclose, the Massachusetts Attorney General, Martha Coakley, has filed suit against a number of them contesting whether their procedures to begin and complete foreclosure procedures are fair and just. As in the case of a number of attorneys general across the country, she had been negotiating with these institutions to establish a solid format for such actions by the lenders and servicers. However, she has been unsatisfied that said firms are doing much toward that end. While no final settlements or programs leading to settlement have been reached, Coakley has now become the third state AG to withdraw from the negotiations. The other two are from New York, and, last week, California.
So, you ask, what does this have to do with me and my own situation? Simple! If it can be shown that the processes used by your lender or servicer to initiate foreclosure procedures are illegal, the process could be voided, thus helping you to delay or avoid foreclosure, at least until the firm 'gets it right'. That extra time could be what you need to derive some plan to save your house from foreclosure. My advice: keep aware of the news as it's released in such cases as to how your AG is doing. If you're unsure, check with your attorney, or, assuming a lawyer is a luxury you can't afford at present, ask for assistance from Legal Aid.
Good luck.