Archived
Married and both on home title - only one on mortgage. What happens to the mortgage if spouse holding mortgage dies?
Paul's answer
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Answered on August 15, 2010
Most states have a law stating that the spuse can succeed to the same terms as the original mortgage. It may be stated in the mortgage itself or...
Archived
I have not paid a mortgage nor any expenses on a home I own in Port St. Lucie for 21/2 years. The bank will not foreclose.
Paul's answer
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Answered on August 15, 2010
Has a foreclosure proceeding commenced? If not, you should contact the lender and discuss with them the "deed in lieu of foreclosure" process. ...
Archived
I co-signed on a student loan for my ex. He is now 40 days defaulted on the loan and I want out. Is there a way?
Paul's answer
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Answered on August 15, 2010
There is no easy way out. Co-signing means that you take full responsibility. You could pay the balance due and sue him. It would probably not...
Is it against the law in Virginia to cut down a Dogwood tree
Paul's answer
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Answered on August 15, 2010
I am not admitted in Virginia, and can only give general advice. Generally, it is not legal to cut down plants without the permission of the owner...
Archived
Is probate needed for life estate deed?
Paul's answer
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Answered on August 15, 2010
Generally speaking, the life estate deed should be written so that the remainder interest passes outside probate. Probate might be needed to...
Archived
My husband and I have 160,000 in student loan debt that we can no longer financially handle. Can we get loan forgiveness ?
Paul's answer
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Answered on August 15, 2010
It is extremely difficult to obtain loan forgiveness for student loan debt. Factors considered are the age of the borrowers, their income, ability...
Archived
My spouse is unemployed and our home was foreclosed. can I file chapter 13 in order to avoid losing our vehicles.
Paul's answer
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Answered on August 15, 2010
Although filing bankruptcy under Chapter 13 may be one way to save the automobiles. you may also be able to save them under Chapter 7. We don't...
Archived
Foreclosure on Rental Property
Paul's answer
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Answered on August 15, 2010
There are many options here, depending upon your financial circumstances. You could attempt to sell them - you don't say if the mortgage exceeds...
Archived
I got summon not paying discover card 8,000
Paul's answer
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Answered on August 15, 2010
The creditor has filed a lawsuit against you seeking a judgement, in all likelihood, for the amount due plus accrued interest and legal fees. You...
Archived
How does a "Charge off" on a Mortgage line of Credit work in BK
Paul's answer
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Answered on August 14, 2010
Generally speaking the lien will not be stripped off under Chapter 7, if the circumstances are such as you describe. However, you should consult a...
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