Joseph James Giordano's Answers

If a home is in foreclosure, how do I go about finding out when it will be available and what the cost will be?

You can send, email or fax a letter to the attorney's office explaining that you have seen this home and would be interested in purchasing it from the new owner. Most of the time, in this economy, the home does not sell at auction so the bank just lists the home for sale, post auction. If you live near by you should drive by the home, there may be a for sale sign on it now.

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My landlord has not paid the mortagage on the rental property in a year and the home will be foreclosed. What are my rights?

Chances are, you cannot just assume the mortgage, but if you have that type of credit and money you can purchase the home from the landlord. Possibly on a "short sale" for less then the amount owed. This will allow the landlord to avoid foreclosure and allow you to own a home and stay in residence. I would advise you to contact the bank or attorneys office that is handling the foreclosure and apprise them of your situation. They may be able to help you stay in the home. You should hire an...

I have about $15,600 in delinquent credit card debt. Is it wise to use a debt settlement company?

Be extremely cautious of the fees. Law firms and debt settlement companies can settle some debt for as low as 25-30%, but the fees should be reflective of the money saved. Be cautious of any up front direct fee, prior to work being done. Attorneys make very good debt settlers because the credit companies understand that if a settlement is not reached, there may be a bankruptcy alternative. Always be cautious of out-of-state companies or firms.

I'm looking for a reputable Debt Settlement company in the Rochester or surrounding area. What do you suggest?

It is important to use attorneys admitted to practice in NY, that you feel comfortable with. You can broaden your search over NY State.

How does my credit score get affected by using debt settlement service to liquidate my credit card balance.

The debt settlement definitely damages your credit and you need to take this into consideration before choosing such a solution.

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I have recieved a complaint for foreclosure and have 30 days to respond, how can I respond without contacting a lawyer?

Contact your County or State bar association and they have a listing of pro bono attorneys that will work free of charge. Also, you can go to your county clerk office and get the forms to write your own answer.

How to respond to a foreclosure summons in Wisconsin/Milwaukee Co.?

If you believe that those issue are present in your case, you will need to hire an attorney licensed to practice in your state. These deficiencies can be challenged with an Order to Show Cause filed with the court.

Are there any other foreclosure alternatives than filing chapter 13 bankruptcy? Foreclosure scheduled for 1/5/10.

Another option is to have an attorney and make an order to show cause to the court based upon any problems in your file (improper service, standing, assignment of note and mortgage etc..)

Will paying an account in full for less than full balance adversely effect credit?

Yes. If a debt is satisfied in "less than the full balance" it has a negative effect on your credit.

How will settling an outstanding credit account effect my credit?

The negotiations will damage your credit score. Another option is to pay a smaller amount, and make small monthly payments (at least the minimum) to establish a positive credit history.