You do have the right to file for bankruptcy individually or jointly if you are married. In most cases there is no effect on the other spouse...

I want to stop paying second mortgage(s) (1st 290k, 2nd(s) 100k) and eventually settle for lower balance.

We just did an interesting blog on this that you may find very useful on Eliminating Second Mortgages Under Chapter 13 Bankruptcy. If you have two...

I am a month to month renter in a house that is being foreclosed upon.

You have important rights. In 2009, the US Congress passed the Protecting Tenants at Foreclosure Act of 2009. This provides tenants in foreclosed...

Can a 2nd lien holder foreclose on my home?

Yes, the holder of a second mortgage can foreclose on your house. But, in many cases, it is not in their interest to do so. This is because the...

We have already been through foreclosure, what next?

If you no longer own the house because it was sold at foreclosure auction, there should not be any further negative credit reporting on your credit...

How can you tell if an assignment of a mortgage is legal?

In general, an assignment must clearly identify the property interest being assigned (the mortgage and/or promissory note); it must specify what...

Are foreclosure laws the same for privately held mortgages

Generally speaking, the laws pertaining to foreclosure are the same no matter who the creditor is. The defenses to foreclosure, however, can...

I am on the verge of losing 2 properties to foreclosure. Will it affect my credit more because there is 2 as opposed to just 1?

Although we can't know for certain what will affect our credit scores or how much (because the credit reporting agencies won't tell us how they...

House contents in foreclosure

There may not be criminal penalties but the relevant legal doctrine is the doctrine of "waste." That doctrine states that a party with a legal...