Can only a house be included in bankruptcy?

Unfortunately, Florida is a state in which the owner remains legally responsible for the deficiency that remains after foreclosure. The mortgage...

How do I foreclose on my home?

It would be in your best interest to avoid a foreclosure if possible. Your options are: (1) offering a deed in lieu of foreclosure to the mortgage...

How can I protect funds for my children in bankruptcy?

Residents in the State of Florida are entitled to claim any money paid into and out of a Florida Prepaid College Trust Fund as exempt. This means...

Am I liable for a lost mortgage/note on a foreclosed house?

Generally, when a foreclosure occurs, the borrow can be sued for the deficiency. The deficiency is the difference between the amount owed under...

Can I be held liable for a debt in my divorce if I declare bankruptcy?

Your marital settlement agreement will have a significant impact on your options to discharge these debts. That is because domestic support...

I'm unclear on exactly what a foreclosure means for me. Do I still have to pay the loan if it is foreclosed upon?

The answers above are a good summary of your legal position. You can stay in the property until the HOA evicts you, or the foreclosing bank takes...

I live in Florida, my HoA has title on my condo. Do I still pay on a mortgage that I no longer have title for??

The HOA is now the owner of the condo. They have the legal right to demand that you leave the property. You still owe the mortgage company the...

Your husband's obligation on the loan will be discharged, and this will leave you as the sole debtor. The lenders rights are defined by the...

Does a separated spouse have to file bankruptcy with me?

You do not need your spouse's cooperation to file bankrutpcy - you can file on your own, even if your divorce is not final. However, Jason's...

What are the possible consequences on stop paying mortgage?

At some point, one or both of the mortgage lenders will file a foreclosure action to obtain an order from the court that will eliminate your...