Margaret Agnes Palms’s Answers

Margaret Agnes Palms

Boone Foreclosure Attorney.

Contributor Level 2
  1. I have recently been served papers for a credit card debt, and am not sure what to do next.

    Answered 11 months ago.

    1. Lynn Ellen Coleman
    2. Paige C. Kurtz
    3. Margaret Agnes Palms
    4. Philip Anthony Fabiano
    4 lawyer answers

    You should be sure to "answer" the lawsuit within the required time or be subject to a default judgment. Your answer doesn't have to be complicated or expensive, but should indicate that you dispute the debt. Be sure to file your response with the Clerk of Court asap, send a file stamped copy to the address of the creditor and keep a copy for yourself. After that is done you should have time to attempt settlement with the creditor, but the lawsuit won't go away until it's settled. This is...

    1 lawyer agreed with this answer

  2. I have been denied a loan modification and my home is in forclosure due to be sold on August 28, is there anything that I can do

    Answered 11 months ago.

    1. Kenneth Love Jr.
    2. Margaret Agnes Palms
    3. Lee Michael Friedman
    3 lawyer answers

    You can try to find an investor who is familiar with short sales to buy the home and protect your credit from a foreclosure. A short sale can usually avoid a deficiency judgment against you for the difference between what you owe and what the bank sells the home for at or after a foreclosure sale. This is your best protection. For your tenants, if they have a valid, signed lease, they should be able to remain in the house for 90 days after the foreclosure under North Carolina law. But keep an...