Questions answered by Richard Paul Zaretsky

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We bought a foreclosure with 2 mtg liens. If the bank wins a foreclosure suit against the previous owner, how can it affect us?

Richard's answer | Answered on May 05, 2015

As for the lis pendens, if it was filed before you purchased the property then you don't need to be named or served. If they don't serve you, the...

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LLC and non US citizen ???

Richard's answer | Answered on May 03, 2015

Your questions require an inquiry and complex answers. Single owner LLC is indeed one of the issues, but inheritance and what country will tax and...

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My sons house was forclosed 5-6 years ago. Can I add him to my deed without danger of being responsible for his debt?

Richard's answer | Answered on May 02, 2015

This may not be a good idea. An examination of his case and its result, the possibility of the lender now being prevented from enforcing the...

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If the tenants are not noticed in a foreclosure action, is that enough ground to vacate the sale?.

Richard's answer | Answered on May 02, 2015

Luis is on point. A homestead cannot have a tenant, unless it is a multi-family zoned property and you also live in the property as your permanent...

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HOME EQUITY LOAN. PREDATORY PRACTICES. DID NOT REALIZE IT WHEN WE ACQUIRED THE LOAN.

Richard's answer | Answered on April 30, 2015

Yes, death of the borrower is a typical default under most loans. That is because it is the credit of the borrower upon which the giving of the...

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I just wondered: my house is in foreclosure. I have a 1st abt 2/3 my value with what's now due, and a 2nd, less than 1/3.

Richard's answer | Answered on April 28, 2015

Contrary to David's advice, I think with the value you have stated, unless you are 100 years old, a reverse mortgage won't give you the funds you...

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Can I win an unjust enrichment claim from the bank during foreclosure proceedings?

Richard's answer | Answered on April 20, 2015

the sounds like you bought a property in a foreclosure sale of a junior lien such as a condominium or homeowners association. The work that you put...

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RESIDENTIAL FOlRCLOSURE

Richard's answer | Answered on April 17, 2015

Foreclosing on your mortgage without an attorney is a dangerous thing to do. You have so little to lose when using an attorney but so much to lose...

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In foreclosure, does the HAFA program pay the second mortgage in a deed in lieu?

Richard's answer | Answered on April 12, 2015

First, you have two liens on the property - not just one. You have the first mortgage and the second mortgage. Second, HAFA is only for short...

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Son bought property before getting married. How to secure house that mother gets the property which was intended for Mom anyway

Richard's answer | Answered on April 11, 2015

If the son and new wife are living in the house without the mother, then the water is figuratively over the dam as it is a marital residence and...

Richard Paul Zaretsky's Answers (1356)

We bought a foreclosure with 2 mtg liens. If the bank wins a foreclosure suit against the previous owner, how can it affect us?

LLC and non US citizen ???

My sons house was forclosed 5-6 years ago. Can I add him to my deed without danger of being responsible for his debt?

If the tenants are not noticed in a foreclosure action, is that enough ground to vacate the sale?.

HOME EQUITY LOAN. PREDATORY PRACTICES. DID NOT REALIZE IT WHEN WE ACQUIRED THE LOAN.

I just wondered: my house is in foreclosure. I have a 1st abt 2/3 my value with what's now due, and a 2nd, less than 1/3.

Can I win an unjust enrichment claim from the bank during foreclosure proceedings?

RESIDENTIAL FOlRCLOSURE

In foreclosure, does the HAFA program pay the second mortgage in a deed in lieu?

Son bought property before getting married. How to secure house that mother gets the property which was intended for Mom anyway