Q: I need to hire a lawyer to help me with some legal issues and use my house as collateral, is it possible and how?
A: In Massachusetts, it is possible to use a house as collateral for legal fees, but it would depend on the specific circumstances and the specific agreement between you and your specific lawyer.
A: It is best to obtain a separate loan if possible as there would need to be separate counsel to review the circumstances of a mortgage promissory note situation. You also want to make sure that you don't violate an automatic asset restraining order if Divorce is or will be started shortly.
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