If my house is in foreclosure how long do i have until i have to leave my house ?

A foreclosure in New Jersey takes approximately 9-12 months from the time you are served with the summons until sale. Thereafter, if you do not...

What would I sue for?

Mr. Chen covered most of your concerns, however, I think you had a question about what a Chapter 7 discharge means as it concerns your mortgage. ...

Is there a "Formula" the banks use when going after home owners after a "Short-Sale"???

Theoretically, the bank should not come after a homeowner for a deficiency after a short sale. In a true short sale, the bank is approving the...

How can I stop a Trustee Sale 2 days before?

There are several ways to stop a Trustee sale. You can compel a court to issue a TRO, You can contact the lender and try to get them to put off...

Do I short sale or foreclose? Owe 152k, worth about 100k. 2 owners on the note, WI resident, have 1st and 2nd mortgage.

A short sale is always a better option. It will prevent a deficiency judgment and is better on your credit score. However, if there is no real...

If you "walk away" from your home and do not pay, it is likely that the first mortgage holder will commence a foreclosure action. If the property...

My 1st mortgage has beem modified and current in payments. 2nd mortgage is not current. Can 2nd mortgage forclose our house.

The second mortgage holder can foreclose on your home. However, as a second, any proceeds from a foreclosure sale must be used to satisfy the...

Husband walked out and left his family with a $2700 mortgage but mortgage is in only his name. How much of it am I responsible

If you husband is the only person named on the note and the mortgage, he is the only one PERSONALLY liable for the amounts owed. However, the...

After the Sheriff sale

After a foreclosure sale in a judicial state (such as PA), the new owner of the home must then evict the inhabitants through legal channels. That...

Judgment

There is a difference. A judgment is a legal document issued by a court stating that there is something owed. That judgment can then be satisfied...