Archived
I refinanced my CA property for less than the original purchase price. Can the bank sue for the remainder after a short sell?
Kenny's answer
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Answered on February 18, 2012
No, under SB931 and 458, the bank can't go after you for deficiencies if they agree to approve the short sale and it need not be stated in the...
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How does a rescission work on a trustee sale. Should I be cautiously optimistic.
Any suggestions would be so helpful.
Kenny's answer
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Answered on February 05, 2012
A rescission of a trustee's sale is an act of the trustee to void the trustee's sale as if it never happened. This is usually done by the trustee's...
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Archived
2nd loan
Kenny's answer
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Answered on February 04, 2012
The answer really depends on your situation.
if the second loan is a nonrecourse loan, i.e. purchase money, the lender's only recourse is...
Archived
Forclosure or short sale?
Kenny's answer
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Answered on February 04, 2012
Frank Chen is right that you can't presently qualify for HAMP or HARP if you've not lived on this property within the last 12 months.
You can't...
Archived
How do I fire the realtor after I signed the listing agreement and signed the offer with the buyer he brought?
Kenny's answer
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Answered on February 04, 2012
I would want to know what sort of listing agreement you'd signed with him and who's authorized to negotiate your short sale with your...
Is a deed of trust considered a contract and if so, what statutes would govern its enforcement?
Kenny's answer
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Answered on February 04, 2012
A deed of trust is not considered a contract. It is simply a security instrument which allows the lender to sell your property through foreclosure...
Archived
Ex-husband is foreclosing on home granted to him in divorce. Should I consult a family lawyer or real-estate attorney?
Kenny's answer
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Answered on February 04, 2012
I understand that your main concern is your credit rating.
If the drop in your credit rating is primarily due to the nonpayment of mortgage and...
Archived
Short sale real estate agent or real estate attorney
Kenny's answer
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Answered on February 04, 2012
Actually you will need to have both, one to assist you with the sale, the other to negotiate with the lender for a short sale and handles all legal...
Archived
Liability of real estate brokers
Kenny's answer
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Answered on February 04, 2012
California law treats an agent as an employee of the broker with whom he has an employment contract for liability even if the agent is treated as...
Just purchased a home 5 days ago to find out main drain is broken the sewage poured into my home and thus is not liveable help!!
Kenny's answer
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Answered on January 15, 2012
First you should find out what caused the clog. Unless you know what caused it, it is difficult to say who's responsible for it. Most likely your...
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