Will reopening a BK chapter 7 with a discharged date of 2014 cause a new clock of 4 years before we can attain a mortgage refi ?

This is mortgage underwriting question and it may be wise to use a bankruptcy attorney who is also a mortgage broker to save thousands of dollars. ...

Mortgagor was pursing workout modification, during this process sold 1 TD to new lender . Is this legal? Do I have any recourse?

Lenders are more apt to respond to an attorney than a consumer. There is nothing unlawful about a lender selling your loan (its an asset, a...

What?

If you don't have one, what you NEED to do is hire an experienced attorney (in both BK and Foreclosure; you are way over your head if you are...

1099-C?

Just because the lender REPORTS the cancellation of debt to the IRS doesn't mean you are obligated to recognize the sum as income. You may need It...

The loan servicer can stop the sale simply by instructing the foreclosure trustee to do so. If you believe the bureaucratic nature of the loan...

Can a second mtg charged off for non pymnts FORECLOSE if I am current with my first lien

A charge off is a tax event that may affect your personal liability only. However, the deed of trust you signed makes the home collateral for the...

When a property is foreclosed and purchased through a trustee sale, are the new owners/LLC now responsible for all junior liens?

A review of each encumbrance is required so that you may take action to protect yourself. Assuming no surplus funds remain, you may still have...

I need assistance with my home. After 8 years the 2nd is trying to foreclose?

Facts trump feelings. The reality is that you borrowed money, promised to repay it and pledged your home is collateral. If you refuse to honor...

How can I get help to negotiate a 2nd lien after a Client filed a BK7 - 9 years ago? (I am a RE Agent helping the Seller)

You borrowed the money, agreed to pay interest and pledged the home as collateral. You need to be realistic and plan for the likelihood that this...

Refinancing my Property

Many Chapter 13 debtors want to refinance and cut the combined burden of plan payments and "post-petition" mortgage payments. A Ch13 REFI can...