When a home goes into foreclosures how does the second mortage get paid?

In a foreclosure, if the first forecloses leaving the second to be deficient, then the second can go after you personally for a deficiency...

Will home equity loan be discharged with forecloser?

You cannot foreclose on your own house, only the secured lenders can do that. If you are foreclosed on by the banks, and there is not enough to go...

2nd mortgage forclosed, transfered title out of my name and 1st is still in my name.

If the 2d has filed foreclosure, then you are not off of the 1st, but the 2d has assumed the debt and the trustee functions under your deed of...

Can I be responsible for legal issues my husband faces?

Since the debt is in both of your names, you are equally responsible for the mortgage debt. Additionally, any seperate property debt that your...

Am I at risk of a deficiency judgment if I foreclose on a condo that I never lived in?

Assuming the loans are purchase money, then you have statutory protections against deficiency jugement. If there are any refinances or HELOCs then...

Short Sale Question.

This is not a formality, but a form letter. A lot of large banks are using a form approval that states "we are going to release our lien, but...

CA short sale quesiton. Involving 1st and 2nd with same bank

With a charged off 2d, your options are limited, however, if you these loans were purchase money loans (meaning you used these loans to purchase...

Not receiving any information from trustee

Upon the death of a trustor of a trust, the beneficiaries have a right to a copy of the trust instrument. Also, you can demand an accounting from...

Can my brothers buy me out of a trust? There are three of them that want this and only one that doesn't making a vote 3 to 2.

As a beneficiary to the trust, the trustee has the highest fiduciary duty to act in the best interest of all of the beneficiaries, not just a...

Your attorney is correct, but to add to it, you should make sure you use either a trust transfer deed or a grant deed. The reason is that these...