Archived
Is it legal for homeowner to rent home for a year if the home is in foreclosure and being listed as a short sale?
Margery's answer
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Answered on March 19, 2011
I disagree with the prior answers. As to your status if there is a short sale concluded, it completely depends on what the lease says. If the...
Archived
Can a condo association foreclose,if the first mortgage is already in litigation for foreclosure? Florida.
Margery's answer
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Answered on March 19, 2011
The answer is a resounding YES. It absolutely can, and many are doing that. The association's lien is normally subordinate to the first mortgage....
Archived
Can my condo association foreclose if my lender has already begun foreclosure?
Margery's answer
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Answered on March 19, 2011
While I partially agree with the prior answers, I also disagree. As to whether the condo association can foreclose, the answer is a resounding...
Archived
How long before I am evicted after a complaint of foreclosure is given to me?
Margery's answer
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Answered on March 11, 2011
I agree with the prior answers. In most foreclosures there are legitimate issues which can and should be raised in defense. However, it may well...
Archived
Can I ask the court to let me short sale my house toget a better price than a court ordered auction?
Margery's answer
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Answered on March 11, 2011
P.S. The filing of a bankruptcy case would temporarily stay the foreclosure proceedings, until the foreclosure Plaintiff obtained an Order...
Archived
Can I ask the court to let me short sale my house toget a better price than a court ordered auction?
Margery's answer
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Answered on March 11, 2011
For starters, the authority of the court is limited to entertaining defenses and counterclaims to foreclosure. This would not normally extend to...
Archived
I was recently served with foreclosure papers. The Mortgage and Note say the Lender is one bank, but the plaintiff on the
Margery's answer
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Answered on March 10, 2011
The answer is "maybe". We see this issue constantly, and it is a major source of litigation. Whether they can do what they are trying to do or...
Archived
Being chased in the UK for mortgage shortfall?
Margery's answer
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Answered on March 09, 2011
You need an attorney in Florida who is knowledgable in debt collection defense. If the plaintiff's feet are properly held to the fire, it may be...
Archived
Can anyone explain Deed in Lieu of Foreclosure?
Margery's answer
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Answered on March 09, 2011
I generally agree with the other answers here, however would add some further details:
1 - You can only do this if the mortgage holder will...
Archived
I bought a property from foreclosure by Condo assoc. Can the bank take it away from me without paying back my money?
Margery's answer
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Answered on March 09, 2011
Unfortuantely, you have probably stepped into a frustrating and generally unresolvable mess. Buying at association foreclosure sales is generally a...
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