Questions answered by John Gerth Merna

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Relevance of credit score in foreclosure purchase

John's answer | Answered on October 12, 2011

You credit score is only a consideration if you are borrowing the money to purchase the home. If you are paying cash then it is not a...

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The letter was sent stating that the order that was entered was vacated.

John's answer | Answered on October 12, 2011

I'm sorry. You did not give a context for which court the order was entered and vacated. Generally, all parties of interest have to be noticed in...

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After I fill a chapter 11 with out an attorney an go to court for the first time what are the steps, motions, time frame

John's answer | Answered on October 12, 2011

First of all, a Chapter 11 is a corporate or large debtholder reorganization. I believe you may mean a Chapter 7 or Chapter 13. Given that...

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How long after chapter 13 discharge before credit can start getting better and i can get back to normal?

John's answer | Answered on October 12, 2011

The answer to his question has changed in recent years. Before the credit crisis that we are currently in you could buy a house within a year or...

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A bail bondsman called me saying I have a unpaid balance its been two years since I was bailed out and I had given him 2500....

John's answer | Answered on October 12, 2011

The statute of limitation has not run on this debt as my colleague has pointed out. Additionally, it begins at the time of default. If you made...

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Spouse on Deed of Trust, but not note, now we are in foreclosure, is my spouse still liable?

John's answer | Answered on October 12, 2011

If your spouse is only on the deed to the property then according to that statement they are not liable on the note. To be liable for the mortgage...

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I have a student loan judgment I have just been served with, in buffalo, ny.

John's answer | Answered on October 12, 2011

You file a response with the court within the allowed time. Your response should contest the validity of the debt since you state you are unable...

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I'm trying to offer a debt collector $200 a month for a student loan (was Sallie Mae)...debt collector doesn't want to accept

John's answer | Answered on October 12, 2011

Student loan collectors are notoriously hard to negotiate with because they are aware there is little threat from forcing you into bankruptcy. It...

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If there are outstanding creditors and no money to cover without selling the home...is there a time frame in which it should be

John's answer | Answered on October 12, 2011

Please resubmit your question with additional facts. We are unable to determine the complete facts to answer the question.

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What will happen to my Heloc after I get a dischaged from a chapter 7 filing

John's answer | Answered on October 12, 2011

Converting to a Chapter 13 and lien-stripping the HELOC is an option. However, you are still underwater $85,000 on the property even with the...

John Gerth Merna's Answers (699)

Relevance of credit score in foreclosure purchase

The letter was sent stating that the order that was entered was vacated.

After I fill a chapter 11 with out an attorney an go to court for the first time what are the steps, motions, time frame

How long after chapter 13 discharge before credit can start getting better and i can get back to normal?

A bail bondsman called me saying I have a unpaid balance its been two years since I was bailed out and I had given him 2500....

Spouse on Deed of Trust, but not note, now we are in foreclosure, is my spouse still liable?

I have a student loan judgment I have just been served with, in buffalo, ny.

I'm trying to offer a debt collector $200 a month for a student loan (was Sallie Mae)...debt collector doesn't want to accept

If there are outstanding creditors and no money to cover without selling the home...is there a time frame in which it should be

What will happen to my Heloc after I get a dischaged from a chapter 7 filing