Archived
Can a renter stay beyond the HOA foreclosure redemption expiration date if their intentions are to purchase the property?
Errin's answer
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Answered on March 08, 2011
You might think about letting the redemption period expire. The bank (as the title owner) would then be on the hook for the association fees. So...
Archived
If there is joint credit card debt and divorce in template form uncontested, should I file bankruptcy BEFORE I sign divorce.
Errin's answer
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Answered on February 25, 2011
Part of the answer here involves whether you will be receiving any settlement in the divorce. You should probably talk with a local bankruptcy...
Archived
After a Chapter 7 is discharged by the court is it legal to "pay back" select creditors-namely a family member or friend in MN?
Errin's answer
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Answered on February 25, 2011
If you file for bankruptcy you will want to make sure that you list all "creditors" ... including any family or friends you owe money to. You can...
Archived
Can I keep my pick-up in chapter 7 by reaffirming the debt.
Errin's answer
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Answered on February 25, 2011
There are many vehicle lenders that will allow you to just continue making payments, but there are also several lenders which require you to...
Archived
A few months ago I entered into a lawyer run debt forgiveness program. Want to file Chpt 7 instead. Can I opt out of this?
Errin's answer
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Answered on February 25, 2011
You can absolutely opt out of the debt forgiveness program. I've got several clients who have done this. In many cases, bankruptcy ends up being...
What happen if i walk away from my mortgages in MN? I have two mortgages with different lenders. And my house is under water.
Errin's answer
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Answered on February 24, 2011
The answer to your questions depends on which type of foreclosure your lender on the first mortgage chooses to use. If your first mortgage lender...
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Archived
Are house is going into forecloser. I was wondering if we need to pay are monthly associaiton fees?
Errin's answer
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Answered on February 10, 2011
This is kind of a tricky situation. If you have past due association fees and assessments (i.e., before the foreclosure sale) then technically you...
After a six month redemption period after a foreclosure, how long do you have before you are evicted?
Errin's answer
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Answered on January 18, 2011
After the redemption period ends your status in the property becomes that of a "tenant". As a tenant, you are entitled to a 30-day notice to...
Archived
Why am I paying on a second mortgage?
Errin's answer
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Answered on January 05, 2011
Unfortunately, you are still liable on the 2nd mortgage. If you don't continue making payments then the mortgage company can, and probably will,...
Archived
Been discharged for personal bankruptcy and have a corp with no assets and a bank note. how do i dissolve corp
Errin's answer
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Answered on December 10, 2010
There is a procedure outlined in the statutes which identify how a corporation is dissolved. If you want to discuss please feel free to contact...
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