You may be legally responsible for the debt, but your broker/agent should have negotiated with the lender to protect you against a deficiency...

Short sale real estate agent or real estate attorney

There are new anti-deficiency laws for those who are able to obtain a short sale from their lender, but that protection is not absolute. The sale...

Do I need an attorney to help to form an simple LLC for Real Estate transactions?

I agree it is advisable to have an attorney draft the operating agreement. There are also tax consideration. An LLC can be taxed as a corporation...

Can I transfer the title to an LLC? The properties I bought was with mortgages on them.

Additionally (to the answers above), for the loan to be accelerated the promissory note would have to reflect the lenders ability to do that under...

The escrow and title companies may have used their own title plant to determine if the lien was still secured against the property. The title plant...

Real estate my house will be taken away

Based on the information you provided, the second lender will be able to seek a deficiency judgement after the first lender forecloses, unless the...

In CA, can a bank disregard SB458 and demand money from seller as a condition to remove 2nd lien and to allow short sale?

On July 11, 2011, SB458 went into effect and expanded the protections found in SB931. Those protections can now be found in CCP 580(e) and limits...

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I have may be less than a month for foreclosure to take place

You should review your HAFA agreement. Often, if hafa expires, the agreement states a deed-in-lieu will be provided instead. Those agreements may...

Living expenses after closing

In short sale transactions there is typically a short sale addendum to the purchase contract. In that addendum there is a time frame or contingency...