Archived
In CA if I foreclose do I lose my protection under the anti-deficiency judgement law if I refinanced my loan?
Marco's answer
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Answered on January 28, 2010
The fact that your refinanced your home makes it a recourse obligation and if the lender forecloses by way of the a Judicial Foreclosure then you...
Archived
If someone is self-employed in California and claiming their monthly salary is lower than minimum wage is this legal?
Marco's answer
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Answered on January 28, 2010
A self-employed person is exempt from minimum wage requirements. It only begs the question- who would they sue to correct the violation...
Archived
I own properties in Taft California with upside down mortgages. What is the best way to go about renegotiating these loans.
Marco's answer
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Answered on January 28, 2010
FYI - as the foreclosed borrower you will not be entitled to buy the properties at auction for a discounted rate.
The response given is not...
Archived
Have a debt of approx. 15,000. with a credit card agency would like to pay debt and close cards.
Marco's answer
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Answered on January 28, 2010
It would be prudent to contact the non-proft credit counseling agency. While it doesn't hurt to learn about the process through the previously...
Archived
After my tenants moved out, I kept receiving mail in two other person's names. How much can i charge for unauthorized occupants.
Marco's answer
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Answered on January 28, 2010
This does not appear to be a valid reason to discount an amount from the security deposit- which is generally used to protect for excessive wear &...
Archived
Filing for Bankruptcy soon.
Marco's answer
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Answered on January 28, 2010
Just as an added note- it is important to know how much is in the account but if it is entirely the property of another then it would be declared...
Archived
Foreclosure
Marco's answer
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Answered on January 28, 2010
Which properties a bank can foreclose on is dependent on how many properties were collateralized when the loan was established. Barring a...
Archived
Can I use my deposit as last months rent?
Marco's answer
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Answered on January 28, 2010
Its unclear whether you intended to give one week notice or thirty days notice. Given the lack of habitability you may be able to recover some or...
Archived
BK and loan modification
Marco's answer
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Answered on January 28, 2010
In my experience dealing with lenders on loan modifications, some will accept a borrower declaration that the unsecured debt will be addressed...
Archived
Filing for Bankruptcy soon.
Marco's answer
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Answered on January 28, 2010
It may affect him in so far as the bank may close-out the account - this occurs more often when the institution is a credit union. As for the...
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