New Program by Worcester Bankruptcy Attorney Jack Morrison Helps Struggling Massachusetts Homeowners

Aug. 3, 2011 - PRLog -- Thousands of Massachusetts residents who are upside down on their home mortgage are desperately searching for ways to make the most of their finances. That’s why the Law Office of John P. Morrison is now offering a special program beginning August 1, 2011: the Mortgage Elimination Program (MEP). The MEP helps struggling Massachusetts homeowners with a first and second mortgage legally eliminate their second home mortgage payments. Details can be found at http://jackmorrison.com/.

Home values have reached an unprecedented low the past few years. According to a National Association of Realtors study showing market values of home in the Boston Metropolitan area, home market values have decreased 32% over the past 4 years. This trend, coupled with the fact that so many consumers have pulled equity out of their homes to pay bills, means that homeowners owe a lot more than what their house is worth. Worcester Bankruptcy Attorney Jack Morrison’s MEP allows homeowners to get rid of their second mortgage—and still keep their house.

“Although they’re reluctant to talk about it, thousands of Massachusetts homeowners are struggling with debt,” explains Jack Morrison, principal attorney at The Law Office world that most people aren’t aware of. The program has helped dozens of my clients get back on their feet financially when they had no other alternatives.”

The MEP is right for homeowners who meet three criteria:
1.   Have a home titled in their name (they must own their home)
2.   Have a first and second mortgage on their home  
3.   Are upside down on their first mortgage (meaning the value of their house is less than the balance they owe on  their first mortgage)

Many homeowners are reluctant to talk about losing their home.  They’re embarrassed, scared and unsure where to go for help.  Knowing that there is a program that can eliminate a second mortgage is helpful for homeowners to understand.  

For more information, visit http://www.jackmorrison.com or call (508) 852-7800 and ask for more information on the MEP program.

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About Jack Morrison
For more than 17 years, Attorney Jack Morrison has specialized in helping Massachusetts residents with bankruptcy, estate planning and real estate. He has worked with hundreds of individuals and families to understand the legal process and how it relates to them. As a Clinton and Worcester bankruptcy attorney, he has numerous programs to help struggling homeowners stay on their feet. Jack has built his law practice on the principles and foundation of courtesy, kindness and respect. For free articles and information on overcoming debt and financial problems, visit Jack’s blog, http://helpineedtofilebankruptcy.com/blog/.