Andrew C Evans’s Answers

Andrew C Evans

Atlanta Foreclosure Attorney.

Contributor Level 4
  1. Foreclosure or short sale

    Answered over 2 years ago.

    1. Barry W. Rorex
    2. Andrew C Evans
    3. Mitchell Paul Goldstein
    3 lawyer answers

    HAFA is the streamlined short sale program recently initiated. It was designed to speed up the short sale process with minimal success. The short sales typically take 6-8 months to finalize, so I would start with getting your property listed. The true benefit of the short sale is that deficiency suits against the homeowner are typically waived if the bank approves the sale. Additionally, a short sale is listed as a settlement of debt as opposed to a discharge of debt for foreclosure. The...

  2. House foreclosed, got a notice from banks atty office on 10/20 basically that i have 90 days as tenant and then have to move out

    Answered over 2 years ago.

    1. Frank Wei-Hong Chen
    2. Andrew C Evans
    2 lawyer answers

    Under the Obama regs passed in the last few years, if the property was re-purchased by the bank at the foreclosure sale, the bank has to honor your lease agreement if it was written, pre-dates the foreclosure notice and the landlord was not a relative. If a third party purchased the property at foreclosure, a 90 day notice is all that is needed. You will have a difficult time recovering your deposit because the landlord most likely does not have any money. It would be better for you to clean...