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My house is vacant. The bank served me with foreclosure papers and promptly locked me out. Is this legal?
Margery's answer
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Answered on June 19, 2010
The mortgage gives the lender the right to "secure" the property if it is abandoned. Somewhere in the chaos that has accompanied "the mortgage...
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Hi, I own 2 homes. I have an equity line of credit on the one I dont live in. If I let it foreclose and keep my primary home. Wh
Margery's answer
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Answered on June 19, 2010
"Strategic Default" is a concept that is being considered by many people these days. While it is sad that things have come to this, it is...
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Can I ignore a foreclosure summons to let foreclosure proceed?
Margery's answer
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Answered on June 16, 2010
It is normally a very bad idea to do nothing. There are many issues - "wanting the property to foreclose" is a very dangerous move, because the...
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If we buy a association foreclosure at an auction, do we own the house?
Margery's answer
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Answered on June 15, 2010
I EMPHATICALLY agree with Atty. Taylor. Many people are falling for this "oppportunity" and paying their hard-earned money, then ending up with...
Does an Assignment of Bid after the foreclosure sale make the recipient liable for pass due condo assessments?
Margery's answer
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Answered on June 13, 2010
An assignment of bid if done properly would render the assignee the successor in interest to the foreclosure plaintiff. Accordingly, the assignee...
My husband & I are tenants and just served foreclosure papers w/ our name on it.It says for us to file a response,what do we do?
Margery's answer
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Answered on June 11, 2010
It is standard procedure that tenants in the property are served with the foreclosure summons and complaint because it is the intention of the...
Archived
The bank that I have been making payments to, has lost or destroyed the promissory note.If they can't clarify, then what next?
Margery's answer
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Answered on June 11, 2010
The answer to this depends completely on what you do about it. Many foreclosure cases make this claim, yet sail through anyway. Unless the right...
Archived
How can I avoid throwing away my money in my mortgage, when my home's value now is over one hundred thousand dollars less...?
Margery's answer
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Answered on June 10, 2010
There are ways to approach this problem but which would be the right answer for you depends on all the details of your particular situation. ...
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What happens in a foreclosure auction when the final judgement amount has not been satisfied. Whom covers the difference?
Margery's answer
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Answered on June 10, 2010
There is no such thing as "typical" and I disagree with the generalization. The bid that the mortgage company makes is tremendously variable by...
Archived
Legal assistance for a Foreclosure post-Bankruptcy. How do I go about getting/can I get Legal Aid, if an attoney is suggested?
Margery's answer
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Answered on June 09, 2010
I do not agree with the other responses. The mortgage may have been discharged and the pre-petition HOA obligation likewise, but if you are still...
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