Why would our HOA board accept a deed in lieu of foreclosure on a mortgaged ($40,000) mobile home for $4000 of unpaid HOA fees?
Stephen's answer
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Answered on January 24, 2015
It is now a common course of action for HOA to either take a deed in lieu or foreclose liens where there is no equity. The rental income to be...
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I am trying to do a payment plan w/the hospital but they want me to pay an amount I can't afford, what can I do?
Stephen's answer
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Answered on January 24, 2015
If you pay the $1000 bill at $100/month you will pay it off in 10 months. If it goes to collections it just means they will pester you on the...
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Business loan with a personal guarantee
Stephen's answer
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Answered on January 23, 2015
The other responses are correct. Filing a chapter 7 bankruptcy stops collection activity against the business but not you. If you personally...
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Took out Loan from Rapid Cash in Las Vegas. Went over payment schedule with rep. Now loan doubled. Is there any help?
Stephen's answer
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Answered on January 19, 2015
If you do not repay the loan there is nothing they can do but harass you. If they get a judgment they cannot garnish social security disability
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I have a car title that the bank has since I still owe 8000 on it. I want to add my daughter to the title. Can I do that?
Stephen's answer
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Answered on January 19, 2015
You need to contact lender they can send title to DMV to add her name., of course you are still liable.
Hi recently purchased HOA forclosure condo in Vegas. Last week sherif posted foreclosure can it be stopped before auction ?
Stephen's answer
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Answered on January 19, 2015
An HOA foreclosure sale does not wipe out an underlying first mortgage lien. Buying at foreclosure auctions should not be done without a title...
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In FL is there a statute of limitations for collection on the "20" portion of an 80/20 mortgage? "80" portion was foreclosed.
Stephen's answer
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Answered on January 19, 2015
Mr. Zaretsky accurately stated the statute of limitations as applied to your mortgage note. As a practical matter no action may be taken if you...
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Display in my front window
Stephen's answer
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Answered on January 18, 2015
I sounds like the landlord is overstepping onto your rights. I suggest you take your lease and the correspondence from the landlord to an attorney...
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My family was made an offer for "Cash for Keys". I received papers in the mail, signed them and mailed them back. Within 2 days.
Stephen's answer
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Answered on January 18, 2015
I agree with Jacqueline and Margery, if you cannot document what you did you are in a difficult situation. You need to find an attorney to review...
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Are banks required to abide by the "78 Rule" when it come to loans?
Stephen's answer
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Answered on January 18, 2015
Years ago "rule of 78 loans" were common. Today most loans are simple interest loans. You need to review the promissory note. A rule of 78 loan...