Questions answered by Diane L Drain

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My home was foreclosed on 3/9/09, a 1st and 2nd loan from B of A. Last payment was 8/08; 1st loan closed 2nd is still open.

Diane's answer | Answered on February 21, 2013

I assume that the first lender did the foreclosure. You need to realize that the second lender is a loan that is still due and, depending on the...

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2012 tax return

Diane's answer | Answered on February 21, 2013

Ask your attorney. If you did not have one, then the answer is "maybe". There is a Self-Help Center at the Bankruptcy Court. You might make an...

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I am interested in a property but have been told it has a lien. How do I proceed?

Diane's answer | Answered on February 21, 2013

You can buy property with problems or no problems. These problems could be liens, taxes, easement problems or environmental issues. It is a wise...

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Letter of Vacate in 5 days

Diane's answer | Answered on February 21, 2013

It depends on many things. If the owner was willing to do a short sale that tells me she was willing to give up the house. Therefore, this just...

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My mother passed leaving no will she took out a second mortgage the mortgage company would not have any correspond with me

Diane's answer | Answered on February 21, 2013

If your mother was legally able to take out a mortgage on your home, then the lender has a right to be paid. As was mentioned earlier - talk to a...

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How to write off bad purchase of HOA Liens for S Corp Business

Diane's answer | Answered on February 21, 2013

This is not a forum for this type of question. You should ask them of the tax forum. But, better yet you should talk to your CPA. Tax issues are...

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As an individual who foreclosed on a person whom I sold a house to, for not paying her note, can I legally send her a 1099 A?

Diane's answer | Answered on February 21, 2013

Most likely yes. Talk to a good CPA. H&R Block is not equipped to answer complicated questions. But, if the property is located in Arizona and...

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What happens to the mortgage when a home is sold on tax auction that is still in the owners name but the bank has possession?

Diane's answer | Answered on February 21, 2013

You need to talk to a good real estate/foreclosure attorney licensed in the state where the property is located. Your "facts" are confusing, which...

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Does a mortgage modification means i have to put my name on the house and does it affect my credit and my ability to buy a house

Diane's answer | Answered on February 20, 2013

I have no idea why a lender woud agree that a perfect stranger (you) modify someone else's loan (your counsin). Even if the lender would, I also...

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We bought a family vacation pkg back in January of this year. I paid for the plane tickets with my credit card miles.

Diane's answer | Answered on February 20, 2013

Talk to a good real estate/foreclosure attorney licensed in the state where the property is located. They should be able to explain the lender’s...

Diane L Drain's Answers (1711)

My home was foreclosed on 3/9/09, a 1st and 2nd loan from B of A. Last payment was 8/08; 1st loan closed 2nd is still open.

2012 tax return

I am interested in a property but have been told it has a lien. How do I proceed?

Letter of Vacate in 5 days

My mother passed leaving no will she took out a second mortgage the mortgage company would not have any correspond with me

How to write off bad purchase of HOA Liens for S Corp Business

As an individual who foreclosed on a person whom I sold a house to, for not paying her note, can I legally send her a 1099 A?

What happens to the mortgage when a home is sold on tax auction that is still in the owners name but the bank has possession?

Does a mortgage modification means i have to put my name on the house and does it affect my credit and my ability to buy a house

We bought a family vacation pkg back in January of this year. I paid for the plane tickets with my credit card miles.