Tim A Pribisco Jr.’s Answers

Tim A Pribisco Jr.

Contributor Level 8
  1. What are the differences In INVESTMENT PROPERTIES betwwen Foreclosure, Short sale and Deed in Lieu?

    Answered over 1 year ago.

    1. Tim A Pribisco Jr.
    1 lawyer answer

    A short sale or a deed in lieu will not result in a foreclosure judgment against you. A foreclosure judgment would result in a sale of the property and could result in you owing the difference between the amount owed and th amount received at the foreclosure sale. However, because these are investment properties selling them for less than you owe could result in tax consequences in either a foreclosure or a shortsale/deed in lieu. Bankruptcy could help avoid both the taxes and owing any...

  2. Can they garnish my wages for a judgment against my spouse?

    Answered almost 2 years ago.

    1. Rachel Edmiston
    2. Tim A Pribisco Jr.
    2 lawyer answers

    Based upon your representation of the facts, if the judgment creditor obtained a judgment against only your spouse, then garnishing your wages is likely improper. If perhaps you are mistaken and you were actually a party to this lawsuit and the judgment is against you, be aware that your state may have regulations on the amount of wages a judgmnet creditor may garnish, and that your wages could be exempt from garnishment if you meet certain criteria.