Archived
Bank of America, evicted us after auction sale, went by the house and signs were posted, no warning. what is the recourse?
John's answer
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Answered on October 18, 2011
Check with your local Legal Aid organization. You can also check with the Oregon State Bar to see if the have a list of pro bono attorneys...
Archived
In a Chapter 7 bankruptcy case with a rental property that is underwater, will the Trustee confiscate the property and sell it?
John's answer
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Answered on October 18, 2011
No. Chapter 7 trustees liquidate real property when there is unexempt equity that can be realized to pay the unsecured creditors.
In your case...
Archived
How do we get our name off the title of the house once gone through bankruptcy. It's been over 2 years.
John's answer
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Answered on October 18, 2011
This is an ever increasing problem as mortgage companies have become overwhelmed with foreclosures. The term "zombie houses" refers to the...
Archived
I am on the upside down on a first mtg. I have been lad=id off and my husband does not make enought to meet all of uor debts.
John's answer
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Answered on October 18, 2011
The concept of stripping a mortgage applies to a junior lien or mortgage. In other words, it is possible to eliminate or strip a second or third...
Archived
My parents are divorced. Is my mom liable to repay a loan that my dad got to buy a business when they were married?
John's answer
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Answered on October 18, 2011
If your mother is not a signer on the loan documents then she is not contractually liable. In many cases a "guarantor" might has signed as...
Archived
Due to terrible loss of income and thickness I missed 5 mortgage pmts (March-July) 2009.
John's answer
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Answered on October 17, 2011
There are several options:
1) Investigate whether your mortgage loan is backed by Fannie Mae, Freddie Mac or HUD. If it is the are several very...
Archived
Can I win against a franchisee who filed for Bankruptcy?
John's answer
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Answered on October 17, 2011
The answer is "No". You will not prevail if the company files or is in bankruptcy. If it is a Chapter 11 you may be able to recover some funds,...
My attorney failed to file my bankruptcy before the foreclosure deadline and I lost my home. Is this malpractice?
John's answer
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Answered on October 17, 2011
The question is whether he knew about the foreclosure date. If he knew and failed to stop the sale then you may have a malpractice claim. Speak...
How hard is it to find a job after bankruptcy??
John's answer
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Answered on October 17, 2011
You question in the form you presented it is impossible to answer. If you are asking whether filing a bankruptcy will have an affect on you...
Archived
Does the origional Debtor need to be name on a debt summons?
John's answer
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Answered on October 17, 2011
If the debt has been purchased or assigned it is not a requirement on the summon's that the original creditor be listed. However, they will have...
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