Does it matter after foreclosure if the first and 2nd mortgage were with the same lender if the 2nd tries to collect?

If the first mortgage holder chose the "foreclosure by advertisement" option then it cannot come after you for a deficiency on the first mortgage. ...

How does one go about declaring bankruptcy for a small business?

We would need to take a look at all of your business assets and all the business debt as well as all of your personal assets to determine if a...

After foreclosing when does the statue of limitations begin on a 2nd mortgage?

You can read the statute of limitations statutes for various causes of action at https://www.revisor.mn.gov/statutes/?id=541 If you've not made...

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If I buy a house at a sherrif's auction can I get stuck with liens that were not disclosed in the public notice or the auction?

I agree with Ms. Sonday's comments. You don't want to find out later that there is a huge tax lien on the property, which does not get wiped out...

Your social security benefits and veterans benefits are exempt from garnishment, but you should fill out the garnishment exemption form and submit...

Where can I find a legal property description for bankruptcy?

A full legal description can be found on the deed, but may also be on some of the closing documents. You could also drop by the county property...

I received a notice that they are going to garnish my wages on my 2nd and 3rd mortgage. I walked away from my home last year.

Bankruptcy might not be your only option, but it often ends up being your least expensive option when there is the amount of debt you're facing. ...

If you were considering suing the bank then you would have to show damages to you due to the bank's actions. If your credit report now shows a...

Am trying to decide foreclosure or file bankruptcy for rental property with two mortgages that is ~$100K underwater.

There are different types of foreclosure in Minnesota: (1) Judicial foreclosure: this is where the mortgage company brings a law suit against you...

My Son mistakenly filed a chapter 7 bankruptcy, He now is switching it to chapter 13, will this go through?

It sounds as though your son had an ownership interest in the vacation property. Did he know about his ownership interest in the property? Did...