Archived
My house is ready to short sale, the 2nd on the house is getting 8500. Now they want me to sign a defiency on the 2nd.
Theodore's answer
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Answered on December 06, 2010
Why do a short sale? the ony people thaat benefits are the realtors. Let the bank foreclose. unless you get a release for the spouse nothing you...
Archived
Will the bank come after me for the remaining balance on my foreclosed home if they sell it for far less than owed?
Theodore's answer
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Answered on December 06, 2010
See below as it depends on the foreclosure method. Here is some general information for your review about foreclosure in MN:
- Judicial...
Archived
Can I give house back to bank if...
Theodore's answer
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Answered on December 06, 2010
You can offer them a "Deed in Lieu" of foreclosure but they will probably want to use the foreclsoure proceeding to make ure they get good...
Archived
Can I have my wife taken off the deed to our home?
Theodore's answer
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Answered on December 06, 2010
She ould have to sign a "quit claim" deed to allow you to remove her name, but be careful, as changing the Deed is almost invariably a violation of...
Archived
What happens with my mortgage and utility loan in chapter 7 if I don't execute a reaffirmation agreement?
Theodore's answer
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Answered on December 06, 2010
Creditors with secured loans can foreclose if you do not sign the reaffirmation agreement. Few do if you keep current with the payments. In the...
Can I put a lien on a property if someone owes me money and wrote me a check as intent to pay me back?
Theodore's answer
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Answered on December 06, 2010
The only lien you cn place on property wwithout a lawsuit and judgment is a mechanics lien. based on whaat you have written it does not appeaar...
Archived
I PAID OFF MY CREDIT CARD I OWED THEM 12,800 DOLLARS WHICH WAS OVER MY LIMIT I SENT THEM 576 WHICH WAS DUE NOVEMBER 22. I THEN
Theodore's answer
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Answered on December 06, 2010
When you miss one payment on a credit card or are a day late with any payment the cards charge interest on a floating balance basis. Even if you...
Archived
Can my landloard collect back rent after cashing a rent check that has "payment in full" written in memo section on check/
Theodore's answer
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Answered on December 06, 2010
Unless you have a written agreement changing the rent and stating the basis for an increase in the rent in the future I would not want to rely on...
Archived
Warrant on failure to pay...help?
Theodore's answer
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Answered on December 06, 2010
The first thing you need to do if and when you get sued is file an Answer. The summons will tell you that you must “appear” by way of an Answer in...
Archived
After chapter 13 do unpaid creditors have the right to collect
Theodore's answer
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Answered on December 06, 2010
Student loans are non-dischargeable and will hit you with interest and penalties if they were not paid in the Plan. Collection of child support...
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