Archived
Do we need to file a BK7 to be released from the balance of a foreclosure? Whats the smartest thing we can do to save our self?
Margery's answer
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Answered on September 01, 2009
If you qualify for Chapter 7, you will be able to discharge your deficiency liability. However, that does not help you with the coming...
Archived
Under the home affordable modification program guidelines it sates that any foreclosure action will be temporarilty suspended .
Margery's answer
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Answered on August 31, 2009
They are supposed to temporarily suspend foreclosure during the trial period, but they try all sorts of maneuvers to get around that. A close...
Archived
Owner still in middle of foreclosure,abandoned condo apartment
Margery's answer
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Answered on August 30, 2009
You are right to be afraid. Unless the condo association obtains a court order directing you to pay them, they have no ability to compel you to do...
Archived
I am being threatened with foreclosure on a time share unit in Florida I am behind 6 months in maintaince fees only
Margery's answer
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Answered on August 30, 2009
Many people with time shares are in this situation with time shares, and few are able to get resales done. Orlando is particularly hard-hit...
Archived
My landlord just evicted me; when i signed the lease the house was in foreclosure but i did not know this. can i sue?
Margery's answer
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Answered on August 30, 2009
I agree with Atty. Donet. The answer depends on all the details. The foreclosure may provide you with defenses.
Archived
We have 5 rental properties we want to do deed in lieu of foreclosure on 1. Can the mortgage comp put lien on other rentals?
Margery's answer
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Answered on August 30, 2009
Unfortunately, the answer is an emphatic YES. However, this is an impossible question to answer properly without knowing all the details. Unless a...
Archived
What are our rights once the house we are renting goes into foreclosure?
Margery's answer
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Answered on August 30, 2009
There is new FEDERAL law that may allow you to live out your lease. IHowever, it is new and technical and will require the expertise of an attorney...
Archived
Can the bank stop a foreclosure up until the day before the sale??
Margery's answer
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Answered on August 30, 2009
Yes, the lender is in complete control of the sale date. You can usually also stop it with a timely bankruptcy filing, at least temporarily. ...
Deed in lieu of Foreclosure or Foreclosure on a Mortgage with PMI
Margery's answer
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Answered on August 30, 2009
Please understand that the fact that there is mortgage insurance does not help you at all - it helps the lender and then the insurance company...
Archived
I am the trustee for a house in Florida that is going through the foreclosure process. Can I be held liable for the $ owed?
Margery's answer
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Answered on August 30, 2009
Title companies are not allowed to give you legal advice, only to hold closings and issue title policies. It is hard to understand what you mean...
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