Post Foreclosure - Setting Aside the Trustee's Sale
Jun 16, 2012
There are two kinds of sales that can be attacked by the debtor: void sales and voidable sales.
A void sale creates no presumptions in favor of the purchaser at a trustees sale. And recitals in a trus...
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No More Short Sale Deficiency Judgements
Aug 07, 2011
Effective Immediately - if the second lender agrees to a short sale, that is the end of the debt!
In the past, the second lender wouldget a small partial payment for agreeing to the short sale. Later,...
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Purchase Money Loan Means NO Deficiency Upon Foreclosure
Feb 18, 2011
In California, and several other of the anti-deficiency states, Purchase money loans have special protections. If a foreclosure occurs, the lender cannot pursue the homeowner for the deficiency.
...
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Why are you paying your second - stop it!
Feb 18, 2011
Several times a week I assist a homeowner that is under water. They have stopped paying their first, and they are still paying their second. I don't get it!
If you don't even have the equity to co...
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The dangers of the transmutation of separate property to community property
Apr 21, 2010
it is possible to change the state of community property to separate property, although there are reasons that you should be careful about making this decision....
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Eliminate Second Loans on Residential Property
Mar 16, 2010
Determine if the Second Loan is a Purchase Money Loan This is the EASY part! Look at the closing escrow paperwork for the purchase of your property. It will list all the loans that were taken out a...
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