Archived
Could I be foreclosed on if my escrow account has a overage that will cover the 3 months mortgage payment?
Barbara's answer
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Answered on October 07, 2010
Good news / Bad news - The facts as you state them need to be seperated. One issue is you were hositalized and you became delinquent on your...
Archived
Can i file a motion to dismiss a motion for default? and a motion to remove unknown tenant as a defendant on a foreclosure case?
Barbara's answer
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Answered on October 07, 2010
A couple of questions, were either you or your husband served? If so, did you respond in the 20 days required? Has a default been entered against...
Archived
What are my rights as a tenant whose landlord is going in to foreclosure?
Barbara's answer
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Answered on September 28, 2010
Under Florida law, you have entered into an obligation to pay rent to the landlord. If you fail to do so, you could be evicted by the landlord. ...
Archived
Can a lender sieze out of state property in a deficiency judgment?
Barbara's answer
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Answered on September 28, 2010
The Florida judgment would have to be certified and filed and recording in the other state. At which time the judgment would attach to any of the...
Archived
Is this considered Fraudulent Conveyance?
Barbara's answer
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Answered on September 28, 2010
A fraudulent conveyance is the process by which a person transfers assets to hide them from their creditors. A judgment creditor can sit you down...
Archived
Is this Fraudulent Conveyance?
Barbara's answer
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Answered on September 28, 2010
A fraudulent transfer is the process by which a person transfers assets to hide them from their creditors. A judgment creditor can sit you down for...
Archived
Will a trust secure my 2nd property from being siezed by deficiency judgment?
Barbara's answer
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Answered on September 28, 2010
A transfer that is done to hide your assets from creditors is considered a fraudulent transfer. A court on a creditor's motion can possible undue...
Archived
Which is worse, bankruptcy or foreclosure?
Barbara's answer
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Answered on September 28, 2010
Foreclosure and bankruptcy both have severe impacts on your credit. Have you considered a short sale on your property? Although a short sale does...
Archived
I own a 30yr fixed mortgage underwater by about 100,000.They say to go buy a new home and short sale on this one.
Barbara's answer
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Answered on September 28, 2010
A short sale has a negative impact on your credit and that impact lasts approximately 24 to 36, depending on your other liabilities and your...
Archived
If I let investment property foreclose in florida can they come after me in my primary home?
Barbara's answer
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Answered on September 28, 2010
After the foreclosure sale has occurred, the lender may seek a deficiency judgment against you for the difference between the judgment amount and...
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