90 days of a HAFA sale with no offers. A deed in lieu will be offered if no sale. I'm not paying rent. Will that affect dil?

No. That's not going to prevent you from getting the deed in leu under HAFA. In fact, it's my understanding that lenders can't or won't even...

If we work with an investor to short sale our house lower than market value, will we commit short sale fraud?

If you participate in the short sale under the HAFA program, you'll have to agree to certain conditions (as a matter of fact, even under non-HAFA),...

3 yrs since foreclosure

There are statute of limitations problems. However, recently a deal is in the works between the government and major lenders which would allow a...

My condo is underwater about $100 000. I live in California/ unemployed for the last past year. should I shortsale or foreclose?

In most cases, you're better off doing short sale than letting them foreclose on you. Most important thing to consider is the tax consequences. I'm...

Selected as the best answer

Modification and foreclosure

Lenders call this the "dual track" which means they can continue with the foreclosure process even when they're negotiating the loan modification...

A couple of years ago, before the question of whether MERS may foreclose is dealt with in the Gomez case, foreclosure defense lawyers thought that...

What do I need to do to evict my tenant after his 12-month lease expires?

A 12-month lease is a term lease, not a periodic lease like a month-to-month. No notices are required to terminate the lease. It expires by its own...

Bank of america has denied me loan modification & are foreclosing my property

There are two types of borrowers that lenders will not give loan modification to, strategic defaulters and re-defaulters. I don't know what your...

Filing Chapter 7 to Stop Foreclosure

Chapter 7 does not stop foreclosure. It only delays the inevitable. It's not difficult to get the stay lifted since you have no equity in the...

As long as title is still under your name, you have the right to rent it out. But I don't think your future tenant will appreciate it if you don't...