If a home equity loan is discharge in a chapter 7 can the bank still foreclose on the equity loan for non payment in Florida

Your Chapter 7 discharge relieves you of personal liability on the loan but it does not remove the lien from the property. So, yes, they can...

How much time do you have after your house is bought on auction.

No, that's not true. The Clerk can enter a certificate of title and writ of possession about 10 days after the sale date. The buyer can have then...

Should my mom file bankruptcy or risk a deficiency judgment on foreclosure?

Although it appears that your mom may be judgment proof, you may still want to consider having her file a Chapter 7 case to discharge the mortgage...

The mortgage company has a lien on the mobile home. They do not own it. They may choose to foreclose the lien and take possession of the home or...

Why lender has not start any legal action, last mortgage payment made on july of 2009.

Any response here would be a guess at best. Could be title issues with the loan, could be the lender doesn't want to be responsible for the...

What are some necessary items I can spend a tax refund on and not have to give it to the courts?

You need to determine if your bankruptcy estate is still open or has been closed. If still open, a portion of the refund is going to be an estate...

I have a court hearing for credit card debt over $10'000.00. Should I wait until this hearing is through before probate?

Once a judgment is entered against you it will act as a lien on any assets you own. If the estate assets are transferred into your name through a...

If I am in foreclosure and I don't live in the house anymore but my ex husband does. If the bank takes the house can I be sued

Yes you have liability for any deficiency, which may take the form of a judgment or a 1099 tax liability for "forgiven" debt. Even if your...

The condo I'm living in has started foreclosure & I have no lease, I am paying condo dues. Do I have 90 days after foreclosure?

Forecloses in Brevard County are still running 6 to 8 months or more on average from the filing date. But that doesn't mean you, as the tenant...

Selected as the best answer

No. H&R Block is not correct. Have your taxes done by a CPA and they will guide you on how to avoid paying taxes on the 1099.