Husband has been diag with terminal cancer. We are under foreclosure. I'm on the deed but not the mortgage. Do we need a will

I am very sorry for this terrible news. Everyone should have a will, no matter what. It is a simple process to get a basic will done. In...

If there was a mistake, and the mortgage company could prove there was a mistake, it would be possible to void the erroneous release. The fact...

Does filing amended answer start the case from the beginning

An amended answer definitely does not start the case from the beginning. It may very well moot your motions, depending on what they were. Were...

If the PMI company is asking for a $9200.00 cash contribution to foward the deed in lieu to freddie mac, should I pay it?

You need an attorney to sort this out. It depends on the exact provisions of the deed in lieu. If the deed in lieu will result in a waiver of all...

What can happen when when two foreclosures takes place on the same property, such as mortgage co. and Condo association?

A bank foreclosure and an association foreclosure on the same property is a very common story these days. If the association foreclosure goes to...

What happens when a note and the mortgage that is collateral for it are owned by different persons?

There is nothing that prevents noteholders from monetizing their recourse. Notes are receivables. Receivables are assets. Any asset can be...

Can the bank come after me for the bance after my forclosed moblie home was sold

They can, and will, come after you. This is called a deficiency claim. Once they get a judgment, to which they will add their attorneys' fees,...

Are there any rules regarding who can do business as a mortgage lender in Florida?

Not necessarily. There are some exemptions to the normal registration requirement for owning and enforcing mortgages in Florida, and the specific...

We bought a foreclosure in Florida, and found out that there is a first mtge remaining on the property. Are we responsible .

You are not responsible to pay the existing first mortgage, as you did not borrow the money. However, the rights of the holder of the first...

When a homeowner refinances, does the new mortgagee do a title search?

No prospective new creditor is going to be willing to lend money unless it is comfortable that it has a valid first lien on the collateral...