Questions answered by Diane L Drain

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If I stop making my mortgage payments how long until the foreclosure process kicks me out of the house?

Diane's answer | Answered on January 17, 2013

There is no way to predict how long a lender will take to complete a foreclosure; or even if a lender will elect to foreclose. A foreclosure...

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I am current on first 390K ballance modified on BOA& ZILLOW value of 350k but 3 mo behind on 2nd 132k ballance also modifid ,

Diane's answer | Answered on January 17, 2013

I agree with Ms. Digiulio's statements. Here is some basic information about bankruptcy. Bankruptcy is a very complicated process. It is wise...

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Once a debt reflects as closed on your credit report, can it be reinstated?

Diane's answer | Answered on January 17, 2013

The prior answer is correct. I would add - see counsel from a good foreclosure attorney licensed in the state there the property is located. You...

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Question on foreclosure proceedings.

Diane's answer | Answered on January 17, 2013

I am concerned that you are asking this forum for assistance when you hired an attorney. This seems to imply that you do not trust the attorney...

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Can you work with the IRS to compromise taxes due on debts canceled to a bank after a foreclosure.

Diane's answer | Answered on January 17, 2013

Actually the Mortgage Foregiveness Act only applies to primary residence, lived in for 2 of the last 5 years before the foreclosure and if the...

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Can Citi hold my note and b assignee of deed if mortgage was sold to Freddie? Law states they must travel with sale to owner!

Diane's answer | Answered on January 17, 2013

Please follow the prior suggestions that you hire a good foreclosure attorney. The Internet is not the best source for legal advice.

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Can I be evicted from a stay?

Diane's answer | Answered on January 16, 2013

As was stated in an earlier post - not talking to an attorney is very expensive. Most consumer attorneys give free consultations. It is obvious...

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My wife's home foreclosed, I own my home free and clear of my spouse, Can her bank come after me for 2 her 2nd mortgage. AZ

Diane's answer | Answered on January 16, 2013

It sounds like you are describing is a non-purchase money loan. Your wife appears to be the only borrower. Therefore, the lender can sue your...

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Who retains the chapter 13 paYments?

Diane's answer | Answered on January 16, 2013

From your question I assume you are not represented by an attorney. If so, please talk to them. You can see from the answers that some conflict...

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Texas homeowner foreclosed on in 9/9/ 2012. I am still living in the home. 24/h notice given. How can I tell if this is a scam?

Diane's answer | Answered on January 16, 2013

Talk to a good foreclosure attorney licensed in Texas.

Diane L Drain's Answers (1711)

If I stop making my mortgage payments how long until the foreclosure process kicks me out of the house?

I am current on first 390K ballance modified on BOA& ZILLOW value of 350k but 3 mo behind on 2nd 132k ballance also modifid ,

Once a debt reflects as closed on your credit report, can it be reinstated?

Question on foreclosure proceedings.

Can you work with the IRS to compromise taxes due on debts canceled to a bank after a foreclosure.

Can Citi hold my note and b assignee of deed if mortgage was sold to Freddie? Law states they must travel with sale to owner!

Can I be evicted from a stay?

My wife's home foreclosed, I own my home free and clear of my spouse, Can her bank come after me for 2 her 2nd mortgage. AZ

Who retains the chapter 13 paYments?

Texas homeowner foreclosed on in 9/9/ 2012. I am still living in the home. 24/h notice given. How can I tell if this is a scam?