I'm the only one making payments to the mortgage but the mortgage in under that person and not me. Now he files a bankruptcy. How that is going to affect me? We are both in the title as joint tenants.
The filing of a bankruptcy is usually considered an event of default under the loan documents. The answer to your question also depends on how the other person is saying that they are treating the mortgage in his bankruptcy. It is called a Notice of Intention.See question
I am buying a house and the bank sent out an addendum for the owner to sign, Which the owner did sign. Now 4 days later he says he did not read what he was signing and wants another addendum to negate the first one.
Generally, someone who signs a contract is presumed to understand it at the time it is signed. There are exceptions, but that is the general rule.See question
I sold my business as assets only. As part of the agreement, I was to carry a promissory note on the remaining amount the buyer was to pay me. With this I had planned on continuing making payments on some business loans I owed on. But the buyer di...
No, you do not need to close the business first. You would just list it as an asset of yours worth nothing, if the note is uncollectible. You should speak with a bankruptcy attorney here in the Cape Coral/Fort Myers area.See question
My house was forclosed,auctioned,and I just got a copy of writ of possesion.my 30 days was up from the new owners 2 days ago.the sheriff hasn't been here yet.whats the process now.how long do I have to move?
If the house was sold for less than what was owed, you may still be liable for a substantial deficiency. You may want to consult a bankruptcy attorney as soon as possible.See question
My friend is thinking of selling his house and he is concerned that when he goes to closing, the buyer will not have the funding due to a judgement in another county. What kind of searches title companies do on the buyer(county only or statewide)...
A judgment against a buyer is irrelevant, and a search for that is not done.See question
Hi, I believe I was improperly served by a debt collector. Apparently papers were delivered to an old address of mine and for some reason the service was approved by the court. I found out through a credit report that a default judgement had been ...
If there is already a judgment entered against you, you would need to file a motion to vacate it.See question
Been divorced from 2010 in Charlotte county .In my divorce agreement my ex was to pay all mortgages and everything that had to do with the home and property leaving me free of harm due to second mortgage being in both nemes .Just learned that he h...
You may be able to get rid of all of this debt through a bankruptcy filing. You should speak to an attorney about it here in the Punta Gorda/ Fort Myers area.See question
i lost my business due to a con artist and bad business decision.
It should not affect your personal credit, since the tax ID number is different from your social security number. It may also be that you do not even need to file bankruptcy for your business. You should speak to an attorney here in the Cape Coral area.See question
One party on a group summons defaulted what can happen to non defaulted?
It really depends on what type of case this is. The party that does not default gets to continue with the case.See question
I only make 30,000 a year and their financial advisor kept telling me not to worry. I was then served papers that i'm being sued and have 20 days to respond. Leaving me about 2 weeks left. I've been trying to contact their financial dept to see wh...
You need to speak to an attorney right away here in the Naples area, before the 20 days runs. You may have to file an answer to the lawsuit. Bankruptcy may also be an option.See question