Archived
Can a mortgage company come after any other property owned by the person during a forclosure?how about 2nd lien?
Diane's answer
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Answered on December 08, 2012
The answers depend on the law of the state where the real property is located and the type of debts that were secured against the real property. ...
Archived
Forgive non-recourse loan in deed in lieu in CA?
Diane's answer
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Answered on December 08, 2012
Mr. Molinary is correct - hire a good real estate attorney to review your options. If you enter into any contract (deed in lieu or short sale) you...
Archived
I have an approved deed in lieu from BOA. The approval was dated August2012 but I just received the paperwork on Dec5,2012.
Diane's answer
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Answered on December 07, 2012
Don't jump to conclusions about the law or tax consquences. See a competent tax attorney and a real estate attorney to determine your exposure. ...
Archived
I have a 2nd mort. that is an SBA loan. The administrator of the loan has decided to not foreclose. What happens now?
Diane's answer
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Answered on December 06, 2012
The practical answer is this will remain a loan on your home until paid in full. You will not be able to sell the house without either the lender...
Archived
Eldist sibling of 3 refinance home to in order to pay back bills, 2 yr later, marries and moves. should she still be paying loan
Diane's answer
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Answered on December 06, 2012
Unfortunately anyone who signed the contract is obligated pursuant to the terms of the contract. You should check with a real estate attorney to...
Archived
Which state law will be used to determine non-recourse vs recourse?
Diane's answer
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Answered on December 06, 2012
The law of the state where the property is located applies. Be very careful about signing a deed in lieu. You may be waiving protections the...
Archived
Can bankrupty affect my son? Because im.a.cosigner in his house and he is a cowsigner in a loan with me???? HELP
Diane's answer
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Answered on December 04, 2012
I am confused why you have an attorney in Florida if you live in Arizona. If you do live in Arizona I would be happy to talk to you about your...
Archived
I am going to stop mortgage payments this month & foreclose. I can not afford anymore
Diane's answer
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Answered on December 04, 2012
Mr. Leahy is correct. The very important point is that you did not reaffirm the debt. This issue is very extremely important. Please make...
Archived
SUNTRUST'S ATTORNEY IS CHARGING 12,000 IN CORPORATE ADVANCES,WHAT ARE THEY FOR?
Diane's answer
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Answered on December 04, 2012
This is a question that you must ask your lender. Request a detailed accounting of all charges to your account.
I hope this helps.
Archived
Can a second mortgage take first.
Diane's answer
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Answered on December 03, 2012
Your prior bankruptcy did not remove the second mortgage unless you took steps to have a court order avoiding that lien or security interest. Most...
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