Archived
I cannot afford my attorney fees and wonder if the judge can award payment arrangements to reduce monthly payment?
John's answer
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Answered on October 22, 2011
You should consider a Chapter 7 bankruptcy to eliminate this debt. If you do not qualify for Chapter 7, a Chapter 13 should help you reduce the...
Archived
Can I Bankrupt my second mortgage?
John's answer
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Answered on October 22, 2011
You have two options. The first is to strip the lien in a Chapter 13 Reorganization. This will require you to go into a three to five year...
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Archived
Loosing money on an investment property
John's answer
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Answered on October 22, 2011
You need to call them and ask. It depends on the mortgage lender. You still will have to make arrangements to catch up on the missed months or...
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I am filing ch 7 bankruptcy and am unsure how to list my co-debt mortgage with ex-spouse. He lives in it and wants to keep it
John's answer
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Answered on October 22, 2011
I disagree with my colleague. The fact that you do not have an interest in the collateral does not change the reality that the debt is secured. I...
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I'm renting a place that I just found out its in foreclosure. I'm not sure what to do?
John's answer
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Answered on October 21, 2011
You are required to continue to pay rent to the landlord until any foreclosure sale occurs. If you know the mortgage company or foreclosure sale...
Archived
Can I sue Bank of America
John's answer
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Answered on October 21, 2011
You need to have an attorney review the circumstances closely. Your question seems to indicate no mail, certified or otherwise, was sent by Bank...
Archived
California. I rec'd a loan mod from citi mortgage. Now they are sending me a bill for foreclosure atty & related costs. Can they
John's answer
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Answered on October 21, 2011
With out the modification the answer would be "Yes, the fees and costs are due on top of what you are behind." With the modification, the question...
Archived
My rental home is going into foreclosure, am I obligated to pay my landlord my part of rent,even thought Section 8 has paid
John's answer
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Answered on October 21, 2011
I agree with Mr. Chen. You are obligated to pay the rents to the landlord as long as you reside there. Contact HUD and notify them of the problem...
Archived
If condo is forclosed by hoa and sold at auction do new owners haave to pay my first mtg?
John's answer
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Answered on October 21, 2011
I think another way of putting your question is will you owe on your first mortgage if condo association foreclosed? The answer is not if it was...
Archived
I have a sherriffs sale on my home soon. How long will i have before I have to leave. Been told some have been in for years afte
John's answer
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Answered on October 21, 2011
It is difficult to give you an exact timeline. After the foreclosure sale your would have to be evicted. How quickly the new owner files for...
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