Archived
Is it bad faith to file chapter 7 twice to buy more time to save funds to move from my home that is being sold in foreclosure.
Diane's answer
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Answered on January 10, 2013
To mirror the other answers - your actions appear to be bad faith and abusive. You may find yourself in a case that will not be dismissed and you...
Archived
Thank you for your answer, but I failed to ask the right question I think.
Diane's answer
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Answered on January 10, 2013
My original answer still stands - she should work with a good foreclosure/workout attorney or talk to the counselors at www.makinghomeaffordable.gov.
Archived
Am i obligated to pay tax on forgiven debt second mortgage?
Diane's answer
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Answered on January 10, 2013
Section 108 of the Internal Revenue Code has some protections. It is important that you talk with a competent CPA or tax attorney to determine the...
Archived
My home in VA was foreclosed on with a 1st and 2nd mortgage (originally both were with same bank but another bank bought the 2nd
Diane's answer
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Answered on January 10, 2013
Yes, the debt is now unsecured, but you still owe it. A bankruptcy will most likely take care of your obligation on the second mortgage. You need...
Archived
The foreclosure and sale of my home was withdrawn, but I had already moved out of the house. I have not heard from the mortgage
Diane's answer
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Answered on January 10, 2013
You own the house until you either transfer it to someone else or the foreclosure is completed. Make sure to keep the insurance current as long as...
Archived
Does the one action rule apply to a non-judicial foreclosure on assessements by a HOA?
Diane's answer
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Answered on January 09, 2013
Is this an attorney asking the question?
Archived
CHECK OUT DLG LEGAL, UTAH
Diane's answer
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Answered on January 09, 2013
I agree with the prior answer about hiring a foreclosure attorney. Another option is to work with folks at www.makinghomeaffordable.gov. I am...
Archived
Tax Basis - I bought a property from someone, they owe more than the value. As a form of consideration, I
Diane's answer
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Answered on January 09, 2013
This is far too complicated a set of questions to answer in this generic forum. Seek advice from a competent tax attorney. Your specific...
Archived
My son was just served by the County Constable with eviction hearing papers (hearing set for 1/15/13 in Humble, TX)
Diane's answer
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Answered on January 09, 2013
Given that Fannie Mae is the owner there is little that he can do about the house. That is unless Fannie Mae agrees to sell it back.
I am not...
Archived
If I have 2 loans, 1st and 2nd mortgage on the same home are they considered payed after they take the house?
Diane's answer
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Answered on January 09, 2013
No. You had two loans, therefore you had two debts. You need to talk to an attorney who is an expert in foreclosures in the state there the...
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