I just got a hand typed letter basically saying they are new owners of my condo and I need to vacate. I didnt believe it because everything I read was saying at these auctions, the bank opens the bidding with the amount that is owed. So I assum...
I agree with the previous answers, and wanted to add a couple of thoughts. Sometimes it is possible to work something out with the new owner so that you can rent the property for a bit. I've even seen new owners do contracts for deed with the previous owners. It's certainly worth talking to the new owner about these options.See question
Wells Fargo has tricked me into 4 forbidance programs and 0 happen
Unfortunately, it's not clear from your question if you are in foreclosure. Either way, you should hire a foreclosure attorney ASAP.See question
my mortgage is up to date i have late fees of $200
Not a common occurrence, but it does happen. If I understand your statement correctly, you previously had an escrow and now the loan servicer has determined that you can pay the insurance and taxes on your own. If that's really the case, consider yourself lucky because you can set up your own bank account for this purpose. You will no longer be at the mercy of the loan servicer (many of which make escrow errors), will no longer be required to maintain an artificial cushion in the escrow account, and can earn interest on the money that you set aside.See question
I have an executed purchase agreement, and the buyer is an out of state corporation. They sent the earnest money to my realtor, whose office does not hold earnest money and per contract they were to mail it to title company. She sent it back an...
More information is needed to answer this question.
You may want to consider that sometimes the time, expense and aggravation of the suit will exceed the actual amount of damages. Suing an out-of-state corporation for $5,000 may not be worth the trouble.See question
In the state of Illinois , Lake County, do I file an answer to motion or opposition to plaintiff motion for summary judgment in our foreclosure? Do I add specifics in our answer, (such as our Exhibit A, etc.) when we are denying statements made i...
I agree with the previous posters. I think it is a very difficult proposition for you to answer a motion for summary judgment on your own. You would need a working knowledge of Rule 191, as well as the summary judgment standards. Even experienced defense attorneys lose these motions frequently, through no fault of their own. Also, it seems that you might be confusing an answer with a summary judgment response. These are two very different things. I highly recommend consulting with an experienced foreclosure/bankruptcy attorney as soon as possible.See question
we are not married but both of our names are on the mortgage
I agree with the previous answer. This is basically a purchase of your ex-partner's half interest in the real estate. Once you agree on the dollar amount, your former partner would need to execute a quitclaim deed to you because you will be refinancing the property in your name only. You can retain a real estate attorney for this. Bear in mind that transfer taxes may apply to the transaction.See question
after the foreclosure, the junior mortgage holder sent us a wage deduction notice in the mail, stating that the court has issued a wage deduction summons against my husband's employer. That's the only notice we received, nothing came from the cour...
I agree with the previous answer Morever, Mr. Wagman has an excellent point that the creditor has no incentive to negotiate at this point. And the attorney has no obligation to do so. The only way the creditor could garnish is if the creditor has a judgment against you. If you weren't served, you may be able to get the judgment vacated.See question
Have tried to sell it (vacation house but on a floodplain. I want to just leave it now as the expense of keeping it up--insurance, electricity etc. are not worth it to me now.
This question is actually very difficult to answer without more information. First of all, it's not clear if the home is in Northbrook or in another place. Second, it's not clear if you are asking generally if you are responsible for property taxes or if you also are asking other questions -- for example, do you want to know if you'd be liable to the municipality? Or the mortgage company? Or the IRS? When you say you can't sell it, do you mean you can't sell it and pay off what you owe? Or do you mean that you can't sell it, period? If you can't sell it, is it due to the property's condition? If it's mortgaged, have you tried a deed in lieu of foreclosure?
I would suggest a consultation with a real estate/foreclosure attorney to determine your options. Your peace of mind would be well worth the cost of such a consultation. This is definitely something you'll want to deal with sooner rather than later. Good luck!See question
dear sir or madam. last year I got my modification done to the mortgage company. that does not satisfy me . as they did not combine my loans into one loan which was originally a single mortgage from the previous mortgage company . they separate...
My colleague is right -- there is simply non way to answer your inquiry without reviewing the loan modification documents. I recommend a consultation with an experienced lawyer, who can most likely review it and give you advice in less than an hour. it would be well worth the money, in my opinion.See question
We bought it together and I lived there for 5 years. I moved to a house in Rockford, she still lives there and is renting out the 2nd floor and basement. I am not seeing any proceeds or anything for the building, I just want to get off the buildin...
I agree with the previous answers. Additionally, I'd like to point out that if the loan is FHA, it's also possible for your mother to assume the loan in her name only.See question