Archived
I need to foreclose on rental properties and need to know if the banks can come after the equity I have with my home I own?
Peter's answer
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Answered on September 02, 2016
A deficiency judgment can be entered on each one of the foreclosure cases if you allow them to get that far. A deficiency is the difference...
Archived
I'm the only one on a deed and on the loan of the house.My boyfriend was paying loan. Can I evict him from the house?
Peter's answer
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Answered on August 30, 2016
Even though you have a child, the boyfriend has no right to the title of the property and he can be evicted. I agree that a month to month tenancy...
Archived
If after signing a purchase contract, we are not satisfied with home inspection, can/will we get our earnest refunded?
Peter's answer
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Answered on August 06, 2016
You are probably quoting from a contract that is not the commonly used Multiboard contract utilized by most realtors in the Chicago area. A good...
Archived
What are your options if a chapter 13 bankruptcy is dimissed by the court for non payment to the trustee
Peter's answer
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Answered on August 04, 2016
It would be important to know why you filed Chapter 13 instead of Chapter 7. Did your original attorney have a good reason for filing Chapter 13...
Can I scrap my car if I'm on chapter 13 bankruptcy?
Peter's answer
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Answered on July 30, 2016
It sounds like what you are saying is that the car is paid off and that you want to junk it before filing Chapter 13. The answer is yes, you can...
Archived
If a customer wants to purchase after filing Chapter 7 what options do we have?
Peter's answer
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Answered on July 14, 2016
If the customer has a past due balance with you, I would suggest that you could ask the customer to 'reaffirm' the existing debt in the bankruptcy...
Archived
Bankruptcy, chapter 13
Peter's answer
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Answered on July 13, 2016
The Chapter 13 will stay on your credit for 7 years from the date of filing. Your home would not be sold in a Chapter 13 unless you desire to sell...
Archived
Can a lender still report to credit bureaus on a loan that was released on a short sale?
Peter's answer
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Answered on July 05, 2016
After a short sale, the lender can report to credit bureaus that the loan is "paid for less than full balance." In your case it is clear that the...
I purchased a property at sheriff sale for the second mortgage...
Peter's answer
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Answered on June 29, 2016
Sorry to hear about this. It sounds like you bought the property subject to the first lien. There is no easy solution to the problem. However,...
How to change the name on a property deed
Peter's answer
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Answered on June 28, 2016
I'm going to answer your question with a question. Why do you want to transfer the property into your name? If your purpose is to sell the...
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