Archived
Spoke w/3 diff tax expert & got 3 diff answrs. Q re taxability from 1099 for home mtg after chapter 7 bankruptcy then short sale
Alan's answer
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Answered on March 08, 2011
The chapter 7 eliminated your personal responsibility on the loan. No matter what happens after the discharge your debt was eliminated, so form...
Archived
Can a LANDLORD in Detrot Michigan wait until just before he sets up the court date to have his 7 or 30 day Notice Notarized?
Alan's answer
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Answered on March 08, 2011
The standard court forms do not require notarization. If you are referencing the certificate of service, that only needs to be signed and filed...
Archived
Five of us on deed, but one dies. Does the one who die pass his rights to the property to his two children? New Baltimore, MI
Alan's answer
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Answered on March 08, 2011
If the names appear as you indicated, with no other language following the names, there are three shares, one for each married couple and one for...
Archived
I will be getting a divorce after 6 and 1/2 years. We live in Michigan so my question is, how much of my pension will she get?
Alan's answer
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Answered on March 08, 2011
Nothing is absolute in family law. Courts look at specific situations and do what is fair. That being said, there is a tendency in shorter...
Archived
If there is a first and second morgage on a home an a very large (10k) HOA lien. Banks accept short sale offer 2nd Bank takes
Alan's answer
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Answered on March 05, 2011
It sounds like the sale falls apart. Since the seller gets nothing in a short sale, the seller can just allow the property to go into foreclosure...
Archived
Question about redeeming my house that is in foreclosure, and has been sold at auction. I am in Michigan
Alan's answer
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Answered on March 05, 2011
I beg to differ with the previous answer. You do have a right of redemption that is provided to you by Michigan law. Your bankruptcy did not...
Archived
Does the bank have to take me to court to evict me for foreclosure or can they just tell me to leave in 30 days?
Alan's answer
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Answered on March 05, 2011
First, if you mortgaged less than 3 acres, you have a 6 month redemption period (one year if more than 3 acres), and you cannot be forced to leave...
Archived
Foreclosure: If MERS doesn't hold the note, can they start Foreclosure?
Alan's answer
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Answered on February 26, 2011
MERS has been found to be a fraudulent entity in several courts. It basically purports to be an agent of every lending institution that touched...
Archived
Proof of Claim-Bankruptcy Chapter 11-Are we a "Creditor"?
Alan's answer
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Answered on February 26, 2011
By including your parents as potential creditors, this will be their only opportunity to seek funds from the company. Once the time for filing...
Archived
If you own two houses and have lost your income, can you sell one as a short sale to avoid foreclosing on both?
Alan's answer
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Answered on February 26, 2011
Based on the limited facts, it sounds like both houses secure a single loan. Selling one short will likely require a modification of the existing...
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