My CPA told me to let the house go into foreclosure. Spouse died 2 years ago and I lost more than 50% of monthly income.

What would Donald Trump do? Seriously, I think you already know the answer. Good money after bad is not a good strategy, especially when you are...

Selected as the best answer

Can a lender come after me on a short sale deficiency?

I agree with Mr. Chen, and would only add that because the holder of the 2nd loan had to have cooperated in the short sale by agreeing to reconvey...

Secured trust deed in 1990 for $9,000. for 30 days borrowed, not paid gave some n 93, will not pay $9,000 now. what can I do?

The note itself is uncollectable - too old, but the power of sale in the deed of trust survives - it is good for sixty (60) years. Civil Code §§...

Filing a lawsuit against MERS?

I agree with Mr. Chen, and would only add that if you sue MERS it will be in Federal Court, there have been dozens of cases in Federal Court, in...

Short sale after bankruptcy chapter 7

I agree with Mr. Holland, and just add that you seriously think about why you are willing to do a short sale in the first place. You have already...

Can my former wife who I stopped living with for 20 years claim any benefits from my business that I started 5 years ago?

Did you file for and obtain a legal separation, by court order? If not, since you are still married, your wife has a legitimate marital property...

In addition to Mr. Chen's answer, I wuold only add: Assuming this property was awarded to the wife as her separate property, the ex-wife needs to...

What is the difference between a loan mod and a forbearance?

I agree with Ms. Forman, and would only add that the forbearance period is often times after a Notice of Default has been recorded and during the...

Are replaced appliances (fixed and non-fixed) considered part of a residental estate?

Whether an appliance is part of the real property, generally depends on the method of attachment. A built in range top, for example, would be...

Do i need an attorney if so when?

Your question is not complete, but the advise is simple - you need to consult with a real estate lawyer right away. Normally, an oral promise to...