Questions answered by Theodore Lyons Araujo

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What are our options, should we continue to negotiate on the short sell, foreclose, or possibly look into filing bankruptcy?

Theodore's answer | Answered on January 04, 2010

If you engage in a short sale you are doing the raltor a favor because they will get a commission, but you will have to pay taxes on the amount...

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If my ex girlfriend files for bankruptcy what are my options with the house we are trying to sell?

Theodore's answer | Answered on January 04, 2010

Welcome back Hard Charger. Get yourself down to Base legal and get some advice. There may be opportunities for you under the Soldiers and Sailors...

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What are mine and my ex's options for removing my name from the mortgage payment since I must now file bankruptcy?

Theodore's answer | Answered on January 04, 2010

ANY transfer of the property will be a problem for you if it occurs six years before you file Bankruptcy. This is a complicated issue. For...

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Given my situation, is Business Bankruptcy the best option???

Theodore's answer | Answered on January 04, 2010

If you want to delay an immenent foreclosure filing individually (if you gauranteed the debt) or for the corporation will delay, but it is probably...

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I received my Chapter 7 discharge and 2nd mortgage was included. And no re-affirmations were signed. Why are they harassing me?

Theodore's answer | Answered on January 04, 2010

Check out my article on 362 motions in my profile. It also applies after your case is over. You were discharged so the continued harassing calls...

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After chapter 7

Theodore's answer | Answered on January 04, 2010

Florida has an unlimited homestead exemption so the odds are very good that you can list and sell right away. call your bankruptcy attorney NOW...

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We discharged a chapter 7 but can't afford to pay the reaffirmation car loan can we file a chapter 13?

Theodore's answer | Answered on January 04, 2010

While you must wait at least 8 years between filing two chapter 7 (11 USC § 727(a)(8)) bankruptcies (assuming you got your discharge) you need only...

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I filed a chapter 7 bankruptcy in march 2002 then filed a chapter 13 in Nov 08 can i convert my chap 13 to a chapter 7 in 2010

Theodore's answer | Answered on January 04, 2010

You may be able to convert! While you must wait at least 8 years between filing two chapter 7 (11 USC § 727(a)(8)) bankruptcies (assuming you got...

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For a mortgage loan modification, to lower rate and balance, do i call mortgage co. or a company to contact them for me?

Theodore's answer | Answered on January 04, 2010

You should contact the banks immedeately. Do Not pay anyone to help you with this issue. try contacting a group like ACORN if they have one in...

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Second mortgage was wrote-off in bankruptcy. Mortgage Co. does'nt want to send me any billing statements to continue paying

Theodore's answer | Answered on January 04, 2010

If you do not reaffirm the debt then the bank will not send billing statements or report the negative/fovorable payment history to the credit...

Theodore Lyons Araujo's Answers (8812)

What are our options, should we continue to negotiate on the short sell, foreclose, or possibly look into filing bankruptcy?

If my ex girlfriend files for bankruptcy what are my options with the house we are trying to sell?

What are mine and my ex's options for removing my name from the mortgage payment since I must now file bankruptcy?

Given my situation, is Business Bankruptcy the best option???

I received my Chapter 7 discharge and 2nd mortgage was included. And no re-affirmations were signed. Why are they harassing me?

After chapter 7

We discharged a chapter 7 but can't afford to pay the reaffirmation car loan can we file a chapter 13?

I filed a chapter 7 bankruptcy in march 2002 then filed a chapter 13 in Nov 08 can i convert my chap 13 to a chapter 7 in 2010

For a mortgage loan modification, to lower rate and balance, do i call mortgage co. or a company to contact them for me?

Second mortgage was wrote-off in bankruptcy. Mortgage Co. does'nt want to send me any billing statements to continue paying