My friend was recently divorced. She got the house (in foreclosure) and alimony. If her ex files bankruptcy, what happens?

Your friend should be concerned if she has any joint debt with her husband. If husband's obligations to creditor are discharged in his bankruptcy,...

I have two underwater mortgaged properties (primary)-244k and rental income)-100k), both w/2nd mortgages. Recently unemployed.

Your situation is a fairly common set of circumstances for our community in the current economy. From the information you provided, it seems that...

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My husband lost his job last year and we filed bk, keeping our house. Then he filed and were divorced a few months later.

When you filed bankruptcy with your ex-husband, the debt on the house was discharged. However, a chapter 7 bankruptcy has no effect on the...

If the owner of a small business files chapter 7, they are in bankruptcy, but their business in not. The business is an entity separate from the...

I have a house in NY and FL. I reside in the home in FL. I cannot pay the mortgage. Can the FL mortgage company go after my home

Just going into foreclosure will not permit the lender on the Florida property to put a lien on your New York property. The lender will first have...

I purchased a home in FL as a co-borrower with my ex-husband. The foreclosure process has started. Can any previous debt affect

Your future husband will not be responsible for your debts. However, the foreclosure process may result in a liability to you in the form of a...

Bankruptcy...

When you file a chapter 7 bankruptcy, the debt on your mortgage loan is eliminated, but the mortgage lien remains on your property. Under the...

How do I stop a defficiency judgement granted in Florida which is being pursued in the UK. I

It is impossible to state whether the deficiency in your case is enforceable without reviewing all the facts of your case. However, deficiencies...

Good Morning, I invested in Florida Real Estate at boom times. Then everything went down and I got 3 foreclosure properties in

Your situation is shared with many individuals who invested in real estate, but who now face foreclosure and deficiency judgments resulting from...

I received a lis pendens today. Where and what do I need to do? What do I need to do if I want to keep my house?

Your participation in a loan modification program will not stop the foreclosure process. Also, the bank is not required to give you a modfication...