Questions answered by Margery Ellen Golant

Archived

I bought a condo association foreclosure at auction and now the bank is foreclosing on the condo in florida

Margery's answer | Answered on January 31, 2010

I agree with attorney Lampert - condo liens are normally inferior to institutional first mortgages. Buying a condo at an association foreclosure...

Archived

Waiting for a short sale to close. Can the owners rent to us while we wait for closing.

Margery's answer | Answered on January 31, 2010

I most emphatically disagree with the first answer. It most definitely IS legal for the owner to rent to you. If the foreclosure has not ended in...

Archived

If you own properties other than your home and they go in to foreclosure, can they take your house?

Margery's answer | Answered on January 30, 2010

If your house is located in Florida, while they can put a lien on it if they get a deficiency judgment, there are ways to strip the lien off...

Archived

When my foreclosure is posted onto my credit history, approximately how many points will I lose?

Margery's answer | Answered on January 30, 2010

There is no one who can tell you with certainty what the impact will be on your credit report because the exact way the mortgage servicers report...

Archived

I never reaffirmed, I kept paying mortgage after discharge of BR of 2008. I have stopped payment /as of 11/01/09. What is next

Margery's answer | Answered on January 29, 2010

P.S. I disagree that the Florida Supreme Court has ordered that all foreclosures go to mediation. There is an administrative order that sets up a...

Archived

I never reaffirmed, I kept paying mortgage after discharge of BR of 2008. I have stopped payment /as of 11/01/09. What is next

Margery's answer | Answered on January 29, 2010

A Chapter 7 Bankruptcy filing and discharge has nothing to do with mortgage foreclosure per se. Typically the mortgage company starts the...

Archived

House in REO, no contact from attorney.... what's next for me as a homeowner?

Margery's answer | Answered on January 28, 2010

You need an attorney who is highly experienced in defending foreclosure cases. There is no one size fits all answer to this question, it would...

Archived

Foreclosure notes an affidavit of lost summons. What is this and what happend next? no updates since may 09

Margery's answer | Answered on January 28, 2010

You need an attorney who is highly experienced in defending foreclosure cases if you want to have any real chance of turning the tables. There is...

Archived

Am I simply delaying the inevitable by hiring a foreclosure defense attorney?

Margery's answer | Answered on January 28, 2010

I EMPHATICALLY disagree with the prior answer. The federal programs are useless, and the "workouts" the mortgage companies offer, if they offer...

Archived

Upside down on mortgage

Margery's answer | Answered on January 27, 2010

It is true that if there is no equity in the property for the second mortgage to attach to, it is potentially strippable in a Chapter 13 bankruptcy...

Margery Ellen Golant's Answers (5399)

I bought a condo association foreclosure at auction and now the bank is foreclosing on the condo in florida

Waiting for a short sale to close. Can the owners rent to us while we wait for closing.

If you own properties other than your home and they go in to foreclosure, can they take your house?

When my foreclosure is posted onto my credit history, approximately how many points will I lose?

I never reaffirmed, I kept paying mortgage after discharge of BR of 2008. I have stopped payment /as of 11/01/09. What is next

I never reaffirmed, I kept paying mortgage after discharge of BR of 2008. I have stopped payment /as of 11/01/09. What is next

House in REO, no contact from attorney.... what's next for me as a homeowner?

Foreclosure notes an affidavit of lost summons. What is this and what happend next? no updates since may 09

Am I simply delaying the inevitable by hiring a foreclosure defense attorney?

Upside down on mortgage