Archived
Getting a divorce and my husband is quitclaim deeding the home. We just refinanced under HAMP 2.0. I can't refinance again.
Douglas's answer
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Answered on January 22, 2013
It could. The divorce and the quit claim will not clear his credit of the debt obligation. Any future loan he applies for will see this...
Archived
I live in Arizona and I need a tax lawyer (federal tax) I am willing to pay but all the lawyers I have spoken to want $1,300.
Douglas's answer
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Answered on January 20, 2013
I do offer free bankruptcy consultations. It would be important to look carefully at the tax issues and be sure the bankruptcy will be helpful....
Archived
We own investment properties in AZ and NJ. Will foreclosing on my AZ condo effect my NJ property, bank acct, or retirement?
Douglas's answer
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Answered on January 20, 2013
The answer depends upon the Arizona property and the number and type of loans you have. If your facts are right, it is possible that a foreclosure...
Archived
How do we find out if our revocable living trust has been registered?
Douglas's answer
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Answered on January 17, 2013
Why would you want to register or record the trust? Part of the reason to have a trust is to prevent the need to disclose items to the public.
Archived
What is the name of the document that assigns authority within a trust?
Douglas's answer
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Answered on January 15, 2013
Try to add more to the question. What authority? What kind of trust? Perhaps tell us what you want to do and we can give better direction.
Archived
We are currently renting a house that is in forclosure. We continue to live in the house and pay rent to the property manager.
Douglas's answer
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Answered on January 15, 2013
The answer depends, but it is not you. You must pay the rent regardless of who gets it.
Archived
I have formed an LLC in the state of Arizona.
Douglas's answer
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Answered on January 15, 2013
It appears that you are saying he is a 50% owner but not listed with the corporations commission. This would be the first error. You are REQUIRED...
Archived
I think we need to reopen my 7 case to avoid a HELOC lien. Can I do this and when is the right time?
Douglas's answer
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Answered on January 15, 2013
The other answers are correct. You cannot accomplish what it is you are trying to do. The lien is not something that can be avoided under the...
Archived
Bank of america foreclosed on my home, i had a second deed of trust loan with my bank on the house at the time?
Douglas's answer
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Answered on January 08, 2013
I concur with the others - it is hard to truly understand that situation based on your question. It sounds like there is a second mortgage left...
Archived
We are 68 on Social Security -
If we sell our house how can we keep creditors from attaching our house sale proceeds.
Douglas's answer
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Answered on January 07, 2013
You have a homestead exemption up to $150,000 from the sale of the home; the equity will be protected in the sale. If there are ongoing lawsuits,...
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