We consider a successful foreclosure defense to be when the case has been dismissed and our client is in a healthy financial situation.
For most homeowners, the answer is a loan modification so that they can begin making affordable mortgage payments again. For others, it's short-selling the property or signing a deed-in-lieu of foreclosure with a waiver of deficiency judgement written in.
It is not common to have a foreclosure case dismissed WITH prejudice. How long ago was your dismissal?
Only you can decide to walk away from a bad investment. You would not be alone, and there's nothing to be ashamed of in making that decision.
Many people in your situation attempt a loan modification or short sale. The biggest mistake would be to just "walk away" without protecting your financial interests.
The foreclosure process in Lee County can take many months, and it can be used to your advantage. I suggest you consult with an attorney whose firm is experienced in loan...
Depending on the process in your county, you may have only 10 days until the buyer receives title to the property, at which point, he can have her evicted.
It's most definitely time to help your mother pack and prepare to leave the property. I am sorry that your family is facing this at Christmastime.
I understand that this is a sensitive subject, but may I ask why your mother waited until after the sale to address the issue? My firm is working to educate homeowners to take initiative...
Some people hire a lawyer to defend their foreclosure in the courts while they get a loan modification on their own.
Other people hire lawyers to defend the foreclosure in the courts AND work to negotiate their loan modification.
If you hired your attorney to defend your foreclosure and try to negotiation a loan modification for you, and he is not, then he could be violating the terms of your agreement with him.
You can ask your attorney to clarify what service he is providing you, and...
Because the entire balance of principal and interest is due on the death of the mortgagor, your options are limited. In addition to the above suggestions, you could apply for a loan to pay off the reverse mortgage in full.
Depending on the details of the hearing next week, you might also be able to offer a settlement to the mortgage lender.
From the letters I have reviewed, the amount may be included in your taxable income. I recommend speaking with your CPA, accountant or tax attorney regarding the amount of your specific check and how it might affect your taxable income.
This question is too sensitive in nature to respond via this forum.
Please call my office, or any attorney on here in the morning for a consultation. I, and many offer a free consultation.
Let's look up your case and see what options you may still have.
Amerihope Alliance Legal Services
or email: email@example.com
I agree with the other answers:
The court may order the parties to attend mediation. Discovery may be conducted. Do you agree or disagree with the responses provided? And ultimately, what is your goal? Are you intending to try to keep the property? Do you have a plan?
I suggest that you retain an attorney to help you defend the foreclosure action and ultimately get you the results you are looking for. At this stage in the foreclosure process, it is more complicated and I find I am...
Hello, and I am so sorry to hear about the troubles you have faced.
Sometimes the bank will allow a borrower to add another on as a second borrower.
Does someone hold a POA for your ex while he is incapacitated?
I agree with the others. There is little to no benefit in avoiding service. It is common for them to show up at a few different days/times to attempt to reach you.
Myself, and other lawyers here offer a free consultation, and I'd like to remind you that you generally have 20 days from the date of service to respond to the complaint.
Do you have a plan? Do you intend to keep the property?
Let me know if I can be of any assistance. I am including links below of a foreclosure timeline,...