Archived
If I sell my home on a short sale and an investor buys my home and offers me to lease or rent the home back is that legal to do?
Douglas's answer
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Answered on June 05, 2012
Jennifer is correct. In most short sale agreements, there is a provision which states that there is no agreement between you the seller and the...
Archived
My landlord is saying he is doing a short sale now, asking me to sign a new lease with a lessor payment but a lease
Douglas's answer
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Answered on May 24, 2012
If the owner is going to do a short sale, it means that they could also find themselves in a foreclosure. Either way, it is never fun living under...
Does our current mortgage company have to restart the foreclosure process?
Douglas's answer
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Answered on May 23, 2012
Seeing as how long this has gone on, I would expect that they actually cancelled the pending foreclosure. If that is true, they would re-start the...
Archived
Will Bank come after my assets (home, cars, 401k) if I forclose an investment property in AZ?
Douglas's answer
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Answered on May 23, 2012
The lender does have the right to pursue you for the entire unpaid balance of the loan following a foreclosure. Assuming that they choose to sue...
Archived
I filed bankruptcy last year. The trustee told me to send in this years tax returns to her. is this standard practice?
Douglas's answer
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Answered on May 22, 2012
This is standard practice. The amount that the trustee will be permitted to take from your refunds will be determined by your filing date. If you...
Archived
In a bk, and i can not get hold of my bk atorney
Douglas's answer
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Answered on May 22, 2012
I can certainly understand your frustration; no one likes silence on the other end of the phone when we are in a stressful situation. Sadly,...
Archived
Pro Se Chapt 7 Dismissed - Can it be refiled
Douglas's answer
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Answered on May 22, 2012
I agree with the prior answer. You can bring this case back to life, though you may well lose the protection of the bankruptcy stay. Hopefully...
Archived
What kind of recourse to the owner does a lending instituion have when property is sold in a short sale?
Douglas's answer
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Answered on May 21, 2012
The answer is likely yes. Liability after a short sale is determined by the deal you work out with the lender. They can forgive the deficiency or...
Archived
What are my rights after foreclosure in Arizona?
Douglas's answer
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Answered on May 18, 2012
It is hard to tell from your question whether you were still living in the home on the 18th or not. The legal owner is the person or group who...
Archived
Short sell a house in a living trust? (father deceased, veteran)
Douglas's answer
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Answered on May 18, 2012
This situation is rather complex and is not well suited for simple answers here. You are going to need the assistance of an attorney to take care...
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