Archived
My HOA is trying to foreclose on my property worth 80K, we owe 160K. Does the HOA take over the 160K debt if they foreclose?
Theodore's answer
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Answered on January 06, 2011
No. The person who buys the house takes the house subject to the mortgage. You are still liable for the note and the mortgage after the mortgage...
Archived
Incomplete Notice of Default?
Theodore's answer
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Answered on January 06, 2011
Here are some Quick Facts about foreclosure in Californiahttp://www.foreclosurelaw.org/
Judicial Foreclosure Available: Yes
Non-Judicial...
Archived
My dad took out a reverse mortgage, help!!
Theodore's answer
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Answered on January 06, 2011
The bank that has the reverse mortgage will sell the property and pay any equity to your fathers estate after they deduct for their loan and...
Archived
Does lien stripping work on a home that is not my primary residence?
Theodore's answer
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Answered on January 06, 2011
The only type of loan that cannot be modified or stripped is a mortgage on your principal residence. many courts have interpreted this many...
Archived
My home is scheduled foreclosure hearing on jan 10th. I am trying to do short sale. home is in NC but I now live in FLA.
Theodore's answer
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Answered on January 06, 2011
Why do the short sale? You could file bankruptcy and get rid of any liability that will follow you post foreclosure.
When you file Bankruptcy...
Archived
Will my parent's lose their house?
Theodore's answer
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Answered on January 06, 2011
They should follow up with the loan modification process. Also, they may want to find an attorney who is an expert at predatoy lending. If they...
Archived
If I don't qualify for HAMP, can I bring anything to Mediation in a Foreclosure?
Theodore's answer
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Answered on January 06, 2011
May as well ask for the mediation because HAMP allows for the reduction of principal and that process will extend the rent free occupancy of the...
Archived
My ex has not paid the credit card that the divorce decreee said he had to. Now I have a default judgment against me
Theodore's answer
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Answered on January 06, 2011
The divorce agreement, decree or judgment supposedly settled the rights and obligations between you and the former spouse. However, it does not...
Archived
We reside in Colorado and have a judgement on our credit record for an unpaid medical bill. The bill since been paid in full.
Theodore's answer
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Answered on January 06, 2011
Contact the agency (creditor) that gave the information to the credit reporting agency and have them update the credit report. You are also able...
Archived
I recieved a letter from a debt collection agency stating that they had started a lawsuit against me. What should I do?
Theodore's answer
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Answered on January 06, 2011
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Disclaimer: This answer does not constitute legal advice. I am...
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