Archived
Have been in foreclosure since Dec. Is there still time to hire a lawyer to work with the mort. co. to see what is available?
Margery's answer
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Answered on March 24, 2009
What action you can take now will depend on the current status of the case. You should IMMEDIATELY consult a local attorney who specializes in...
Archived
I am an S Corp. Can I file Chapter 13 on my personal debts?
Margery's answer
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Answered on March 24, 2009
If you qualify personally, you can file personally. You are not an S Corp, you may OWN an S Corp. Your interest in the S Corp would be an asset...
Archived
In chapter 13 what happens if you cant afford your primary residence mortgage what can you do?
Margery's answer
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Answered on March 24, 2009
Your Chapter 13 case will be dismissed if you are unable to make the payments, unless you can propose a modified plan that is confirmable and that...
Archived
Are Roth IRA accounts protected if you file Chapter 7 bankruptcy (assuming I quailfy)??
Margery's answer
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Answered on March 24, 2009
Yes. Generally (in the absence f fraud) retirement accounts are exempt in Chapter 7.
Archived
We recently purchased a great dane puppy and found out days later that she's deaf...do i have the right to demand my money back?
Margery's answer
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Answered on March 24, 2009
Many states have specific statutes relating to the purchase of pet animals. You should be able to find your state's statute on line.
However,...
Archived
I just have a question... I have two homes and both are mortgaged.
Margery's answer
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Answered on March 24, 2009
Yes, unless the other one is exempt homestead, the lienholder most definitely can. It can also pursue any other nonexempt assets, including bank...
Archived
I am about to Declare Bankruptcy. I have JOINT BANK ACCOUNTS that are NOT MY MONEY. What happens to that?
Margery's answer
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Answered on March 23, 2009
Yes to both questions. Legally, at least part of what is in those accounse IS your money.
Before you do ANYTHING, consult a qualified...
Archived
If I am divorced for a couple months and the divorce was undisputed, can the properties and cash assets awarded to me be taken
Margery's answer
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Answered on March 23, 2009
The lender is not bound by the results of your divorce decree. Accordingly, it is free to foreclose, just as always. If you signed the note, the...
Archived
Do I have to be behind on my mortgage to apply for a loan modification?
Margery's answer
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Answered on March 23, 2009
Every servicer and lender has different rules. Many will not even discuss a loan modification with you if your loan is "performing". Some are a...
Archived
Has anyone ever heard about a bank "trading" your current mortgage for one they have already taken back in foreclosure?
Margery's answer
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Answered on March 23, 2009
No. Never. This is not done, and likely not even possible, because in most cases there is a web of interconnections and claims involving your...
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