Hello my grandmother passed and was leaving her house to her daughter but she had a mortgage that is not paid off yet.

Recent changes in regulations may permit your grandmother's surviving heirs to apply for a loan modification under programs that, until recently,...

Mortgage

It's a red flag to me that they are suggesting amounts of principal forgiveness without running your income and expense numbers first. In our firm,...

Promissory note is not secure passed from 1 lender to another?

Not sure what the question is here. Can you elaborate? If you are in foreclosure, the first thing you should do is contact a qualified...

What course of action will I have to pursue to remedy a breach of contract in a real estate investment joint venture I entered?

I agree with my colleagues that you should not sleep on your rights. While you don't want to be unduly reckless or overspend, this is not a time to...

Can I leave my house for the bank?

This is a matter for Illinois counsel. It appears that, under Illinois law, any mortgage lender can get deficiency judgment in foreclosure if they...

Do I have to be in foreclosure for my mother property? Or can I get my name off the deed and let the bank have it?

Banks generally want money, not real estate. As a result, they would probably prefer to have the property sold by regular or short sale, or have...

If you have filed a Chapter 7 case on your own without an attorney, you should get one now. Your pension should be a qualified retirement account...

If the loan balance is in excess of the home value, first consider pursuing a loan modification with an attorney well versed in the programs...

Is there any difference between doing a deed in lieu or doing a foreclosure? could I owe $ to the bank

I'm surprised that your attorney permitted you to reaffirm your mortgage. If the attorney allowed a reaffirmation, any modification or surrender of...

Do you handle corporate bankruptcy questions?

Unfortunately, the general rule is that Section 502(b)(7) caps your claim under an employment contract to a total of your past-due compensation...