Archived
2nd mortgage in violation of the reaffirmation process through the bankruptcy code has foreclosed isnt this illegal?
Evan's answer
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Answered on November 10, 2012
The bankruptcy attorney who handled your filing is the best one to speak with - otherwise you're going to have pay to bring someone else up to...
Archived
Recieved a summons for a mortgage forclosure
Evan's answer
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Answered on November 10, 2012
Yes, you'll want to make sure the opposing counsel gets your response.
Good luck.
Evan A. Nielsen
1255 W. Colton Ave., #506 | Redlands, CA...
Archived
After bankruptcy am I responsible for a separate lien against my house?
Evan's answer
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Answered on November 10, 2012
Yes, afraid so. If it was secured by the house before filing for bankruptcy protection, it remains afterwards.
Tax Experts Challange: Cross Purchase vs. Redemption For An S Corporation Where 1 of 3 shareholders is selling his 1/3 interest
Evan's answer
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Answered on November 10, 2012
There are ramifiations to both depending on the specifics of your situation, basis, the other partners positions, etc. This is something you should...
Archived
My fathers house is going up for sheriff sale. He just got out of jail. I moved in . He lives in a hotel
Evan's answer
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Answered on November 10, 2012
Yes he can file bankruptcy and he can also change his address once the bankruptcy is filed. Strongly recommend you consult an attorney before...
I got claim of partial disallowance letter from IRS in 2012. Amount of claim is $8000 and mentioned that they allowed only $7K.
Evan's answer
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Answered on November 10, 2012
You can petition the IRS for abatement of the penalty providing reasonable grounds. However, thre's no guarantee that it will be approved and you...
Archived
Is cram down allowed on primary residence mortgage with no 2nd lien? If not, what if i convert it to a rental property?
Evan's answer
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Answered on November 10, 2012
Cram Downs don't happen on 1st mortgages in chapter 7 and 13. Chapter 11 may be an option and given the size of your portfolio, that's probably the...
Archived
I have a mortgage on a manufactured home I can no longer pay, along with the lot rent.
Evan's answer
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Answered on November 10, 2012
Sounds like selling is the best route. If there are buyers, then the issue is price. Drop the price to the point where people are buying. The key...
Archived
Can a foreclosed 2nd mortage post a notice to vacate premises on Nov.1 legally. Or can I stay in this house till 2/22/2013?
Evan's answer
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Answered on November 10, 2012
Pretty tricky situation - sounds like you're going to need to determine who's the owner of the property at this point but if it's already...
Archived
As a tax accountant can I be sued for an error that was an obvious computer error. The client is claiming I said to not amend?
Evan's answer
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Answered on November 10, 2012
You may be liable because you were the agent responsible for preparation and transmission. You'll want to get good counsel if the suit is filed....
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