Anew nuancemay have been created by the passing of the 580e law (anti-deficiency of short sales). An untapped section of the real estate marketmay now be ripe for the taking.Many might recall, during... more
Will I Get Sued for the Loan Balance After Foreclosure?
The short answer: not necessarily. Statistically, you are more likely to have the debt forgiven (hence the 1099). In some states the bank has... more
Getting a house free and clear of a mortgage obligation to pay back money seems inequitable - and it is. Make no doubt about it, it is absolutely unfair. There is no moral right to "stick it to the... more
The record $25 Billion Dollar National Mortgage Settlement Agreement signed earlier this year involved 5 big lenders. According to recent reports, the Federal Reserve is now adding another 8 to the... more
Most mortgage borrowers who have experienced economic hardship in the past several years, or who for any reason have gotten behind on their mortgage or are under water on their mortgage, are looking... more
I have written about all the scam ways in which people including attorneys, file quiet title actions. So it is only right to show a simple example of how a legitimate quiet title action works in... more
The main concerns of most people facing foreclosure are how long they will have in the home and whether they will still owe money to the mortgage company after they move out. However, a frequently... more