Archived
In a foreclosure situation-public auction of property planned in month- can they take away our 2 cars to fufill the amt owed on
William's answer
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Answered on May 12, 2013
If you live in Las Vegas and the creditor gets a judgment against you in Colorado, they'll need to enforce the judgment in Nevada if they want to...
Archived
Can the trustee dismiss a case if a personal expenditure is too high?
William's answer
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Answered on May 10, 2013
If it is that expense that is causing you to go from 'failing' the means test and 'passing' the means test, then the US Trustee's office can file a...
Archived
It is legal to rent out surrendered property in BK until someone foreclose on it (Bank or HOA)?
William's answer
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Answered on May 08, 2013
Yes it is legal but you should be cautious with tenants on long-term leases. As the prior answer stated, until the bank forecloses or accepts a...
Is it possible to keep guns and how would a bankruptcy court find out you own them?
William's answer
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Answered on May 08, 2013
I know it's been repeated twice, but I the bankruptcy court finds out about assets because you are required by law to disclose those assets under...
Archived
Who owes whom? House foreclosed by HOA, first (only) mortgage controlled by BoA.
William's answer
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Answered on April 30, 2013
You're still on the hook for the 1st mortgage. Although a company bought the property at an HOA auction, that doesn't mean that they assumed the...
Archived
Does HOA lien has a redemption period of 2 yrs like the tax lien before they go to foreclosure?
William's answer
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Answered on April 29, 2013
There is no right of redemption on an HOA foreclosure.
Please see an answer to a similar...
How can I find out who issued a writ of garnishment against me to take funds out of my bank account, and was it done legally?
William's answer
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Answered on April 28, 2013
Your bank should provide you with details on the creditor who issued it. The constable is also required to mail you a copy, but that could be to...
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Archived
I filed Bankruptcy Ch 7 over a year ago. Can a creditor continue to update last activity on the account?
William's answer
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Answered on April 24, 2013
If the information they are reporting is correct then what they are doing is not improper or illegal. As long as they are not updating the 'date...
Archived
Does buyer of the hoa lien will have to take over the mortgage?
William's answer
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Answered on April 22, 2013
You should anticipate that whomever bought your HOA lien will be contacting you to evict you or to sell you back, at a 200%-300% premium, however...
Can a second mortgage foreclose on your home without the permission of the first mortgage?
William's answer
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Answered on April 21, 2013
Yes they can, but as there is no economic incentive for them to do so, they rarely do.
Your 2nd mortgage can initiate foreclosure, pay all the...
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