Questions answered by John Frederick Stimson

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Commercial Property going to foreclosure will I be kicked out?

John's answer | Answered on March 01, 2019

Much of what you've been told is untrue, or greatly exaggerated. You should retain an experienced foreclosure attorney to guide you in exercising...

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What can i do? Can i still go? I didn't see i was supposed to respond.

John's answer | Answered on February 21, 2019

You can still go--and probably should do so. You may at least hear what the lender has available in work-out options. In any event, however, ...

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My ex-husband is going into foreclosure with my name on the mortgage. Can the bank go after my condominium for repayment?

John's answer | Answered on January 26, 2019

It is conceivable that the bank which holds the mortgage loan on your ex-husband's house could get a judgment against you for the shortfall on that...

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What's is the difference between a Deficiency Judgment and a Breach of Contract suit?

John's answer | Answered on November 28, 2016

You should consult an experienced foreclosure attorney who also does breach of contract litigation. The answer to your question may lie in the...

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What is the current case law in Illinois regarding valuation for damages of a destroyed house?

John's answer | Answered on November 15, 2016

I agree with the previous answer--you should consult an attorney about this.

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Do I hire a lawyer to help with my situation or should I deal with the mortgage company directly?

John's answer | Answered on February 01, 2016

You most certainly should consult a lawyer. Mortgage foreclosure is a complicated process and presents numerous opportunities for the lender ( who...

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Can the bank sell your mortgage when they are forclosing on you when the bank is the one that filed the paperwork?

John's answer | Answered on August 11, 2014

Yes. The entity that bought the mortgage can substitute in as Plaintiff and continue on with the existing case. You should make sure, however,...

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

John's answer | Answered on July 22, 2014

Yes. You will have to sign an "Arms Length Affidavit" stating that the deal you made is a fairly negotiated one.

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I filed bankruptcy and was discharged in 2008... the property today 2014 is still in my name no foreclosure has been done,.

John's answer | Answered on July 11, 2014

I agree with the prior answer--you should consult a FL attorney on this. That being said, it would be very unlikely that the bank has lost its...

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I have a Judgment of Foreclosure and Sale dated March 14. I filed a motion to Vacate.... Does this push out Any Dates?

John's answer | Answered on May 15, 2014

The filing of your motion to vacate the judgment alone probably does not stay the running of the redemption period. The foreclosure court or a...

John Frederick Stimson's Answers (53)

Commercial Property going to foreclosure will I be kicked out?

What can i do? Can i still go? I didn't see i was supposed to respond.

My ex-husband is going into foreclosure with my name on the mortgage. Can the bank go after my condominium for repayment?

What's is the difference between a Deficiency Judgment and a Breach of Contract suit?

What is the current case law in Illinois regarding valuation for damages of a destroyed house?

Do I hire a lawyer to help with my situation or should I deal with the mortgage company directly?

Can the bank sell your mortgage when they are forclosing on you when the bank is the one that filed the paperwork?

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

I filed bankruptcy and was discharged in 2008... the property today 2014 is still in my name no foreclosure has been done,.

I have a Judgment of Foreclosure and Sale dated March 14. I filed a motion to Vacate.... Does this push out Any Dates?