Does the bank have an enforceable note now that they closed the modification?

Unfortunately, the bank's probably correct here. You can modify your obligation on the note but it won't impact your x-husband's obligation and...

My home is being foreclosed on in Oregon. Will I be liable for the second mortgage?

Probably, but that depends on a number of details. Check with local counsel for specifics as you'll want to know what to expect in your...

Deed in lieu , second home in california , I purchase vacation home in 2006 for 300,000 now is worth maybe 95.000

There will likely be debt forgiveness and therefore, income that will need to be reported on your taxes. However, that doesn't necessarily mean...

I want to try and do deed in lieu of foreclosure in Illinois. Will I be charged income taxes on the due amount if they accept?

If there's debt forgiven then yes, you'll need to report the information properly on your taxes. However, that doesn't necessarily mean that you'll...

Sounds like this is a situation that may progress to a tax lien and the property being taken to pay for the taxes. If that's the case and your mom...

What is the difference between a social security number and an individual tax identification number?

Usually these are one and the same for an individual. In some cases for non-citizens, the identification number is a number issued by the IRS...

I was served with papers thea the house we rent is in forcloser do we still have to pay rent ?? What is our rifgrts on that?

You still have to pay rent if you want to stay in the house. The debt on the house is between the landlord and the lender. The rental agreement is...

My wife has a wharehouse that is going to be forclosed on. Can the bank put a lien on our house?

That depends on who the borrowers are for the warehouse loan and what the lender's rights are after they foreclose. It sounds like the debt may...

Can my husband claim our 3 kids on his taxes if they. Live with me.

Unfortunately, he can. If you're still married, you're both entitled to claim the dependents if you file jointly or either of you can claim them if...

My husband is in foreclosure for a property he bought before we were married. I bought a condo before we were married.

No. He's the sole borrower on the debt for the house and you're the owner/borrower of the Condo. The creditor on the house can't look past your...