We completed a short sale at the end of 2010 and in Feb. 2011 we received a letter from BOA stating a waiver of deficiency.

Please refer to The Mortgage Forgiveness Debt Relief Act and Debt Cancellation on IRS site.

Do i continue to pay rent in the house that i am renting if the house is going into foreclosure???

Your lease calls for you to pay for the housing you reside in - unless you have another reason that has not been stated - there is no reason why...

Can I sue my x-husband for moving cost due to him making me be in foreclosure

I agree that the proper place to pursue this is the Domestic Relations Court where you presumably already have a case on file.

Does a foreclosure affect the credit of the people on the deed or the people on the mortgage, or both?

To the extent anyone's credit is impaired - it should be that of the parties to the Note which is the debt obligation.

Who owed the duty to the homeowner?

You need to review the Deed of Trust to determine the Trustee's duties and find out what if any common law obligations are owing to the...

If my client has a purchase money mortgage on a vacation home he stays in 2 days can he still get ccp 580b relief?

Even if you're not a lawyer but an accountant or other licensed advisor, sounds like you are out of your depth and should be referring the "client"...

Hello. I don't qualify for the home modification program because I don't make enough money. My loan was referred to a lawyer.

I agree with the previous advice - while confusing I doubt that the letters have much legal significance. Check with a lawyer on your entire...

Foreclosure action - can the notice of default be changed later to add another amount or would I have to start all over again?

The question is a little unclear but it sounds like you are holding a mortgage debt and foreclosing. In that event, you can usually amend a...

Can a condo association in miami foreclose on me when my condo has homstead? If No why are they filing a foreclosure lawsuit?

The relationship between the HOA and the home owner is more like that of landlord and tenant in the sense that the rights of the HOA to pursue an...

You're in what is known as a dual track system where the bank is talking to you about loan modification on one hand and pursuing a foreclosure on...