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I need a lawyer! I was late with my homeowners dues I tried to make arrangements twice but defaulted because my money tight
Bernard's answer
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Answered on April 29, 2011
Yes - you need a lawyer. The HOA can rightfully claim costs on late dues and the collection costs for the same. That being said, they are only...
Archived
What is Lieu of foreclosure?
Bernard's answer
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Answered on April 29, 2011
a Deed in Lieu of Foreclosure is basically a negotiated foreclosure whereby you turn over possession without the necessity of other proceedings....
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I have lived in my house for 7 years. I have an arm mortgage due to go up a second time in May, I have been in a refi for 2 year
Bernard's answer
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Answered on April 29, 2011
I wouldn't be so quick to give up the house even if you can't afford the current payments. You don't say what your loan to value is but if it's...
Archived
I got a check in the mail cashed it and it was bad what should I do?
Bernard's answer
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Answered on April 29, 2011
Not only should you stop talking to the police but obviously a third party - your bank? - has filed charges. That third party is a large part of...
Archived
My HOA took me to court for failure to pay dues. I signed an order of possession, that was stayed until 4/24/11.
Bernard's answer
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Answered on April 29, 2011
Your question implies that you have the funds to remedy all of the past due amounts to the HOA. If so, you can remedy the payment acceptance...
Archived
What are my options?
Bernard's answer
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Answered on April 29, 2011
Depending on what, if any, money that you invested in the property at the initial purchase, I would determine if it is worth pursuing a lawsuit to...
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Archived
I just got papers indicating that our landlord is in foreclosure with the property we are renting from him. Do we still pay rent
Bernard's answer
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Answered on April 28, 2011
The foreclosure does not relieve you of the obligation to pay rent as you are being provided with the property. However, depending on the lease...
Archived
What happens if I abandon a home that will be going into forclosure?
Bernard's answer
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Answered on April 28, 2011
Your risking them coming after you for a deficiency judgement if you take that course of action. Given the circumstances, I highly recommend you...
Archived
Law of Equity - in a foreclosure, if the lender gets the house, shouldn't the borrower get his promissory note back?
Bernard's answer
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Answered on April 28, 2011
What may be confusing you is that foreclosures in Illinois are heard in Chancery Court (a court of equity) - but ultimately as the other answer...
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Archived
On April 16th I paid Citimortgage online $2,748.48 witch was payment in full for Feb., March, and Aprils mortgage payments.
Bernard's answer
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Answered on April 28, 2011
Once you get caught up in the bank's foreclosure system - a lot of bad things usually happen and often are illogical or simply wrong. You need to...
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