Wording regarding waiver of deficiency in the Short Sale Letter. Is this good enough to protect me from a future deficiency?

You should know that even though you believe you are being relieved of liability, there may be tax consequences for this debt being forgiven. You...

If I have a contract on a house and financing fell through and they do not want to give deposit back and I am on the contract no

The prior responses are correct, that it depends on what your contract says. I have an office in Fort Myers, and would be happy to meet with you...

The Bank has purchased the property in a foreclosure how long before eviction. Date of sale 31-2011

In addition to the answers from the other attorneys, you should know that if you are the owner of the house, the lender may be able to collect a...

When in debt and decide to get married does your new spouse automatically assume half of your debt by taking your name ?

If you have a substantial amount of debt, you may want to consider filing bankruptcy before you get married. There are certain disadvantages to...

My Ex-wife and I own a house. I want it sold she doesn't. She is living in it. Can I force her to sell?

As the attorney above stated, you can file a partition action, and also request credit for any expenses paid. You can also ask for an accounting. ...

Should I quitclaim to my husband

If you are not on the loan, then the lender will not be allowed to collect any money from you, and there would be no need for you to quitclaim the...

What should we do with a boat that doesn't run, we owe $24K on and is worth $4k?

As indicated by the other attorneys, you have a number of options. My firm has offices in Fort Myers and Naples. Please feel free to contact me...

Is there a need for the beneficiary as named in the will to sign a power of attorney as requested by the executor ?

I agree with the first attorney who replied. There may be no need for you to sign a Power of Attorney, and there could be grave consequences if...

I have been asked for a copy of my last two bank statements and pay stubs. I would like to know why.

In all likelihood, the lender is assessing how collectible the debt is against you. If it thinks it's collectible, it may not agree to the short...

Selected as the best answer

As noted above, the lender can still sue you for the debt. In order to eliminate this debt, as well as other debt, you may want to consider filing...