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I owe $113K on my home and the market value is around $125K. Is a deed in lieu of foreclosure right for me?
Lee's answer
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Answered on September 15, 2011
In general, I advise my clients to explore a short sale before letting the home go to foreclosure sale. This would prevent the possibility of a...
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I live in pa but have a 2nd home in NC.
I can't sell my home in NC because of the market is bad.
Lee's answer
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Answered on September 12, 2011
I would consult with a local attorney familiar with these types of situations. However, I would not simply "walk away" and let the lender...
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What do mortgage companies look at when considering a loan modification?
Lee's answer
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Answered on September 08, 2011
There are a few parts to your question. First, if your deceased mother-in-law was the only name on the note and mortgage, in order for the lender...
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Our house has a sale date on 9-9-2011.We have been denied 4 times for a modification. Should we just leave after the sale date?
Lee's answer
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Answered on August 25, 2011
Although foreclosures are non-judicial in MO, the eviction process is judicial, and will have to go through the courts. From conferring with MO...
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Can I stop a foreclosure by my HOA by quit claim deed to my boyfriend?
Lee's answer
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Answered on August 23, 2011
Speaking in generalities, the answer to your question is no. If you chose to deed the property to your boyfriend (which you are within your rights...
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My foreclosure sale date has passed, but we were never sent anything saying they were foreclosing, can they do this?
Lee's answer
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Answered on August 23, 2011
I am not licensed in your state, so you would benefit from consulting with a local attorney. However, from my understanding of AR law, a lender...
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I was served foreclosure papers about 22 days ago but I was still in the process of a loan remodification what do I do?
Lee's answer
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Answered on August 15, 2011
Unfortunately in most situations, the lender is within their rights to begin a foreclosure action even if you are in loan modification discussions....
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My house in PA was recently sold in a Judcial "Free & Clear" Sale.
Lee's answer
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Answered on August 12, 2011
When a property is sold pursuant to a judicial order, the purchaser buys the property free and clear of any liens. The liens are extinguished...
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Do I need a Real Estate Attorney?
Lee's answer
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Answered on August 12, 2011
I would absolutely consult with an attorney. They may be able to inform you of your rights and options in this situation, which may possibly...
Archived
When does my house become mine outright, due to a dismissal of foreclosure??
Lee's answer
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Answered on August 12, 2011
Although I do not know the specifics of your case, the same type of situation has been litigated in many states throughout the nation. In all...