How long is a default judgement on a 2nd mortgage debt good for? In other words how long does the bank have to collect?

I agree with my colleagues. It is good for 10 years but they can always renew it for an extra 10 years. However, the lien has to be renewed...

Can you sue the inspector? Yes. Will you get damages if you win? It depends. The first thing you have to do is read the contract to find...

What is required by Dodd-Frank in order to document/establish a borrower's "ability to repay" a mortgage?

I agree with ,my colleagues. This area of the law is very complex and exposes the lender to a great liability if the law is not strictly followed....

I am trustee. Land trust owns a house. House deeded to the trust is in foreclosure. I am named personally. Can I get dismissed?

I agree with Attorney Shapiro. The trust was named in the foreclosure since the Trust is the owner of the property and the bank needs to clear the...

Do I have a case?

I agree with Attorney Klurfeld. If you voluntarily closed even though you knew the bank had the wrong square footage, I don't think you can now go...

I would like to protect my cooperative real estate in case of my death. I live in Ohio and winter in Florida

You need to have an estate planner attorney review the cooperative documents. You may be able to do a enhanced life estate deed to your children...

What response do i give?

There is no way to give you a good answer without reviewing the documents. If you did not sign the Note and Mortgage, you should not be liable for...

What happens with the foreclosure if your bank sells the mortgage to another?

Can the new bank still continue with the foreclosure although they are not the plaintiff? Yes, the new bank can continue the foreclosure. ...

Foreclosure defense attorney charged me $1200 monthly fee????too high

I agree with attorney Gaffney. You are mixing two issues. Is $1,200 per month too high for a foreclosure defense attorney? It depends on the...

What steps should I take after receiving a foreclosure letter in the mail today?

There are too many issues to consider. First, are you the only heir? If yes, you may be able to defend the foreclosure. If you do not have any...