Lee Michael Friedman
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Lee Michael Friedman's Answers (278)

Hauppauge, NY

Real estate Lawyer at Hauppauge, NY

Practice Areas: Real Estate, Foreclosure ... +2 more

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Second Mortgage Status

Lee's answer | Answered on February 17, 2011

I will not advise you whether or not you should continue to pay the second, but you will still be responsible for the amounts owed on the second...

Archived

Facing foreclosure, have 3 mortgages. First lender is foreclosing, owed @45,000. Same lender has 2nd mortgage, owed 42,000.

Lee's answer | Answered on February 16, 2011

There is no concrete answer to this question. There are many variables going into what the bank will bid as an "upset price." This includes the...

Archived

If my home is in foreclosure can my ex wife move back in if she promises the bank she will get the payments caught back up? She

Lee's answer | Answered on February 16, 2011

The short answer is no. A promise to pay is not a reinstatement of the loan. Once a foreclosure is commenced, the loan is accelerated. The bank...

Archived

Just got married and my husband on disability...we own a home that is falling apart...cant do anything with it.

Lee's answer | Answered on February 15, 2011

I always start by saying that you should consult a local attorney to find out your rights, obligations, and options in your specific scenario....

Archived

Once I remarry-will l my new spouse be affected in any way by the fact the house I shared with my ex is in foreclosure?

Lee's answer | Answered on February 14, 2011

There is a possibility that your new spouse could be negatively effected by the foreclosure, but not likely in a way you might be thinking. ...

Archived

Can we take the kitchen cabinets before the house is foreclosed?

Lee's answer | Answered on February 04, 2011

I would consult an attorney in your area, but it is the prevailing law in most states that you cannot remove "fixtures" from real property in...

Archived

I am in the process of completing a deed in lieu of foreclosure. I have not received the documents yet.

Lee's answer | Answered on February 04, 2011

I always advise people to consult a licensed attorney in their state when dealing with any legal documentation, especially those that create an...

Archived

If i am on the title only and not the mortgage, and my husband lets the house go into foreclosure, am i financially liable?

Lee's answer | Answered on February 04, 2011

The short answer is no. The financial responsibility is based upon the the note that was presumably executed by your husband only. As such, only...

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