How do my foreclosed condo just sell for less than what was owed?

The plaintiff/bank begins the bidding at the auction. It may bid up to the full amount due to it. That is what they usually did, until recently. ...

Filed bankruptcy, failed to reaffirm mortgage and it is an interest only, want to stay in the home, what can I do?

You probably did the right thing by not reaffirming your mortgages. The bankruptcy, itself, will not cause either mortgage holder to foreclose on...

We filed and completed a ch7 2 years ago our home was included they are foreclosing but are offering a concent to transfer.

They are probably being offered a "Consent Foreclosure" in which a borrower would typically not be liable for the mortgage whether or not it was...

If you don't make payments, it's doubtful that your HELOC would ever foreclose. Although it has the legal right to do so, it rarely makes any...

What options do we have on handling our house/equity in divorce?

You're missing a huge opportunity. Divorce almost always qualifies as a hardship for purposes of getting a loan modification. Although you or...

My home is going into foreclosure. Is it possible for my friend to buy the property for current market value?

First, are you interested in keeping the home yourself? There are spectacular loan modifications available today that can slash the amount due on...

Recieved modification on first mortgage 2 years ago. We had a 2nd mortgage with boa who sold it to nationstar about 1 year ago.

First, don't assume you've been denied for a modification, especially since you just heard that today from Nationstar. Tomorrow, you may receive...

Foreclosure

No worries! If the bank bought it back for the full amount due it, that means there is no deficiency. Any deficiency is based on the amount paid...

My new mortage servicers is Ocwen ,previous with chase for 22 yrs,,i fell behind in my mortage and tried to modify with Ocwen,.

Slow down! Your permanent modification offer is probably just fine. It sounds to me like you may have a standard HAMP modification, and that...

Fight or give it up.....This nightmare has gone on for years....It is a long story but here is the jist of it!......

Your case is not unusual. We see botched loan modifications regularly. You need to find a law firm with good comprehension and experience in the...