I have mortgages on a home that I no longer occupy. My second mortgage has gone to collections. What will happen.

If the 1st mortgage is foreclosed then the lien on the property from the 2nd mortgage is wiped out, but your legal liability on that debt will...

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If I file for bankruptcy should I have an appraisal of my house done to find out the current value?

Before you decide to get an appraisal you should probably look up the tax-assessed value for your property. Most counties have that information...

Which lawyer would handle my situation?

If the 1st mortgages on the properties were foreclosed through a "foreclosure by advertisement" then the lenders cannot come after you for those...

Bank bought house at sheriff sale for more than the principle of mortgage?

The principal on the mortgage is generally NOT the "amount claimed due and owing" at the time of the foreclosure sale because there will be late...

Should I waive my redemption period right?

If the property is vacant the bank might petition the court to reduce the redemption period to 5 weeks .... they can do this pursuant to state...

I need a foreclosure lawyer. BAC has screwed up my loan and now is throwing my home into foreclosure, which I want to fight.

I've advised several homeowners who were facing foreclosure. I offer a free consultation if you'd like to discuss your situation and possible...

I own a condo and a house I live in, if i foreclose on the condo can the bank take my house?

In Minnesota, if the lender for the condo does a "foreclosure by advertisement" then they cannot come after you for a deficiency and would not be...

Bankruptcy

If you have a valid ID and social security number, and pass the income and other eligibility requirements, then you could file just on your own. ...

We are considering foreclosure on our home, but we have three mortgages and are upside down. What can happen?

Do you have three mortgages on the same property or three different properties each with a mortgage? If you have more than one mortgage on a...

Vehicle in bankruptcy Chapter 7 in MN, but didn't reaffirm, will have vehicle loan paid for by end of the year.

As long as you continue making your payments and then pay off the vehicle then you should be fine. Once the vehicle is paid off then just request...