Short Sale or Foreclosure

If you have two mortgages, you can't do a short sale unless the holders of both mortgages agree. Further, if the second mortgage chooses to sue...

What rights do renter's have when the property is going thru foreclosure?

No. Once the foreclosure is completed, the lender normally immmediately starts eviction, and has the right to do it because the mortgage is...

Foreclosure - Should I take my chances in court or agree to dismiss as plaintiff wants-loan servicing co. on mod.home debt

If the lawyer is asking you to agree to HIS dismissal with prejudice, that means they are abandoning the suit and cannot refile, and if that is the...

You need to consult a local estate attorney. In most states, when people own property together and then divorce, the divorce decree converts their...

Is it legal to modify the terms of the financing agreement?

It is possible that the agreement you signed has some provisions in it that allow them to do that. There are all sorts of sneaky things they...

Can a mortgage lender forclose even if you make a minimum payment per month?

Yes, of course. If your required payment is $400 per month, the lender can foreclose if you pay any less than the amount of the required monthly...

Our Florida condo is in foreclosure, can the banks pursue us for any shortfall from our primary residence - we live in UK

Florida law is quite liberal insofar as lenders' ability to obtain deficiency judgments are concerned. The lender can easily come after you for a...

What happens when you just stop making you mortgage payment? i know it eventually goes into foreclosure...

You can turn off the lights and leave, but if you do, you are still responsible for the debt. Normally, you can't just cancel everything. The...

Help Please ! Chapter 7 discharged in March of 2005, Lost Job, Can Chapter 13 or deed in lieu of foreclosure be possible?

If you both got a Chapter 7 discharge in 2005, y ou cannot both file a Chapter 13 and get a discharge. However, you can use Chapter 13 to develop...

I am currently in bankruptcy and foreclosure. my son is trying to buy my house. to save it from being sold at auction.

Doing what you suggest would not be like buying the notes, and it is very possible that putting him on with you would complicate the state of the...