YES, what was described in the letter was possible. Your bank is offering you a short sale because they believe that the amount you receive at closing on a sale would be less than the amount of the mortgage (plus closing costs).
YES, there are programs in place that give some money back to the Sellers. These are on a case by case basis. They will also negotiate your liens, but those liens could have an impact on how much $ if any you get back.
YES, you can and should work with an...
I need to answer this differently that my counterparts. From a personal liability perspective nothing has changed since your 2006 filing. You are no longer personally responsible for the debt/mortgage on your home as a result of your filing. ** This is as long as you did not sign a reaffirmation agreement and have signed no contracts since that time with your lender.
Since you filed a chapter 7 with the intent of abandoning the property, I suspect you did not reaffirm the debt.
The others are correct that you can't assume your daughters debt. However I will try to help you in another area. If she is out of country then you should notify the court clerk that they have not received good service of the complaint against her. You will be required to return the complaint as unserved for wrong address and remove the answer the accepted from you that triggered the nonjury trial.
No. The only entity that can garnish your social security benefits is the federal government (student loans or IRS tax issues).
However, they can levy on your bank account. If this does happen you will have to establish with the court that the funds in the account are exempt, which usually is as simple as showing them the bank statement.
Here is a link to the new Jersey Judiciary Public Access Court Record Search. This is a handy link to keep around. You can search for judgments across the state in every county and in every court venue. You need to either have the first and last name of the person, or the docket number.
You can not get copies of the actual documents, but you can read through the list of documents that have been filed to get a general idea of where the case stands. I use this all the time to determine...
No, they are not allowed to do that.
However, they are allowed to send out an agent to verify that the home is occupied.
They are allowed to call you a "reasonable" amount of times each day requesting payment. They can advise you if they intend to foreclose. They can also schedule a sheriff sale if they have already received a judgment against you.
You need to decide what you can do moving forward. Do you plan on refinancing the home, selling it at a short sale, offering a deed in...
It sounds like there is a judgment against you (as indicated by wage garnishment, arrest, etc). Judgments can be enforced for up to 20 years after the date of entry. This is completely different from the statute of limitation in NJ. Once they filed suit, that stopped the statute from being a factor.
It sounds like you need to reach out to the creditor and try to make payment arrangements.
This is a tricky one. Your statute of limitations still has time if they are in New Jersey, so you do have some time to sort this one out.
The amount of money in question is going to determine how much you want to chase this account. Most options you have in terms of locating a good address, a proper business name, etc are going to cost you money. If the company is not registered with the state (assumption based on your statement), then you would be suing the original contact doing...
Yes, you can still file a chapter 7. There is a second level of testing that goes into the details of your income and expenses.
Even if you have to file a chapter 13 there is the possibility of a very minimal repayment schedule.
You should seek a bankruptcy attorney to explore the particulars of your situation. While my office is in ocean township I do make out of office appointments near my bordentown home. If you'd like to meet feel free to call my office at 732-695-3303.
Giving back a house may be harder than you think. What you would like to offer is called a Deed in Lieu. In this case, it does not appear that you are in foreclosure (but unsure since it was not mentioned in your fact pattern).
Some companies will readily take back your property, but others are not interested in adding something to their already overfull portfolio of properties.
You may want to revisit the idea of selling the house, but cutting the price to a level that makes it more...