Questions answered by Diane L Drain

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The management company with whom I have a land contract defaulted its mortgage on my home. Would foreclosure hurt my credit?

Diane's answer | Answered on January 07, 2013

I agree with Mr. Jenkins - your questions are rather difficult to interpret. It would be best for you should seek advice from a good foreclosure...

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Whats the difference between a judicial foreclosure and a civil foreclosure.

Diane's answer | Answered on January 07, 2013

It is the same thing. It would be best for you to retain a competent foreclosure attorney to determine your rights and your exposure, if...

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Can there be any liens against a property that was issued a special warranty deed at a closing

Diane's answer | Answered on January 07, 2013

A deed is merely a transfer of title. It is not a guarantee that liens are removed. A warranty deed might state that the title is being...

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What is taking so long for my foreclosure? I haven't made a payment in 2 1/2 years. My last mortgage payment was in July 2010.

Diane's answer | Answered on January 07, 2013

I know this is very frustrating. Your bankruptcy attorney should have explained the process and how bankruptcy and foreclosure intersect. Your...

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I was to main borrower on a house that my ex let go into forclosure and then rented it from the buyer i nevered signed any paper

Diane's answer | Answered on January 04, 2013

If you were a borrower then you signed a deed of trust and a promissory note. It is possible that the state law may protect you, but it is best to...

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Loan Modification Fee

Diane's answer | Answered on January 04, 2013

If this is a law firm then contact the NE state bar. Also, check the company out to make sure they are able to provide this type of service. If...

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Is it possible to get a short sale approval on the heloc? Please advice. Thank You!

Diane's answer | Answered on January 04, 2013

It depends on the second lender. Be careful that you have a competent real estate/foreclosure attorney review any short sale agreements so that...

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What are the obligations of a foreclosure trustee?

Diane's answer | Answered on January 02, 2013

I must assume that the trustee you refer to is the real property trustee and not a bankruptcy trustee. If so, the lender has every right to sell...

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I want to default on a heloc that is in my name, the first loan is in my wifes name, what will happen. the house is not mine !

Diane's answer | Answered on January 02, 2013

Just the fact that you transferred asssets into an LLC tells me that it is possible that you have some misconceptions about asset protection. I...

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After foreclosure is finalized does a renter continue paying the rent to the new owner or bank during the 90 eviction period?

Diane's answer | Answered on December 31, 2012

You pay rent to whomever owes the house. Be careful in determing proper ownership so that you are not paying to the wrong party.

Diane L Drain's Answers (1711)

The management company with whom I have a land contract defaulted its mortgage on my home. Would foreclosure hurt my credit?

Whats the difference between a judicial foreclosure and a civil foreclosure.

Can there be any liens against a property that was issued a special warranty deed at a closing

What is taking so long for my foreclosure? I haven't made a payment in 2 1/2 years. My last mortgage payment was in July 2010.

I was to main borrower on a house that my ex let go into forclosure and then rented it from the buyer i nevered signed any paper

Loan Modification Fee

Is it possible to get a short sale approval on the heloc? Please advice. Thank You!

What are the obligations of a foreclosure trustee?

I want to default on a heloc that is in my name, the first loan is in my wifes name, what will happen. the house is not mine !

After foreclosure is finalized does a renter continue paying the rent to the new owner or bank during the 90 eviction period?