Concerning foreclosures and amount owed on loan

You need to talk to a foreclosure attorney and/or a tax expert. There may be some protection for you if there is anti-deficiency protection in the...

Am I responsible for the credit card debt if I was on the account as well and my husband passed away?

Most importantly - my condolences about your husband passing. I am sure this is a very stressful time for you and your family. As to your...

Our home in WI was included in a bankruptcy in 2009. The bank has declined 2 short sale offers. Foreclose or deed in lieu?

Sorry to hear about your frustration with the bank. Unfortunately, your experience is not unusual. I recommend that you talk to your bankruptcy...

Can filing for bankrupcy stop a forclosure?

Depending on the value of your home and the debt owed to the first mortgage you might be able to strip the second mortgage completely in a chapter...

Normally the lender has control over the terms of a loan modification. Depending on the type of loans there are some exceptions. The second...

Offered a home loan mod, but still know it is too high, interest rate 2 %, states about rate increases & a balloon, what

This is actually a very simple business decision. What is the full debt (principle, plus interest). What is the current fair market value. In a...

I have recently completed TPP with Wells Fargo, the second lien holder will not subordinate what can I do?

Consider filing a chapter 13 to lien strip the second mortgage. The ability to do normally depends on the value of the house and the debt owed to...

My husband and I loaned my son $46,000 to purchase a rental property in 2006 I have promisary note.

First - you need to clean up the title before this becomes a controversy. Second - the current owner can hire a property manager to prosecute a...

Can I apply for a mortgage loan modification and file for a short sale at the same time with my lender?

Stop taking advice from thosewho financially benefit from your decisions. Get legal advice regarding your rights. Short sales are dangerous...

Selected as the best answer

What happens to mortgage balance if the bank cannot produce the orignal note.

Do you really believe that would be the correct answer? You borrowed money; you have a home; should you get it for free? Are there some very,...