Stanley Duane Lockhart's Answers (392)

Archived

How quickly in Los angeles California after i get my chapter 7 bankruptcy discharged can i file for chapter 13?

Stanley's answer | Answered on December 27, 2009

General rule: You must wait four years from the date of receiving your Chapter 7 discharge to receive a discharge through a subsequent Chapter 13...

Archived

The bank doesn't want to negotiate with the payments modification anymore. Is there anything I can do?

Stanley's answer | Answered on December 25, 2009

You can pay all arrears and come current on your loan. If you are unable to pay all arrears at once but can afford to pay over time, and you want...

Archived

Going thru a foreclosure, but trying to get a loan modification. The home is being rented because i couldn't pay the mtg.

Stanley's answer | Answered on December 25, 2009

If the tenants' lease started after the Deed of Trust was recorded, then the foreclosure breaks the lease. You as the landlord need to do nothing....

Archived

I filed Ch 7 and surrendered my home. I tried to modify loan but not able to, if they foreclose, will it still go on my credit?

Stanley's answer | Answered on December 25, 2009

If the C7 was dismissed, the Servicer will have to foreclose in order to take control of the property. You are the owner of the property until a...

Archived

My husband and I live in California, a community property state. If I file bankruptcy Chapter 7 how will it affect his credit?

Stanley's answer | Answered on December 25, 2009

This is a question you should as the one that advised 'only you' to file a C7. His credit will be affected only on those accounts which you have...

Archived

If I have signed a reaffirmation for a 2nd mortgage and the loan is sold to a different creditor, is the agreement still legal?

Stanley's answer | Answered on December 25, 2009

Your reaffirmed mortgage is valid as to the new lender if the endorsement of the note and assignment of the mortgage is good, proper and perfected...

Archived

Can a Chapter 13 be converted to a to a Chapter 7 if a second mortgage was stripped?

Stanley's answer | Answered on December 25, 2009

This is a classic Chapter 20 (13 + 7) and only works in those districts that don't require completion of the C13 for the strip to be effective. The...

Archived

Trustee sold our land and home in my mother in law chapter 7 case. We have a Deed of Trust how do we make the buyer pay off

Stanley's answer | Answered on December 25, 2009

No you can not make the man pay the original mortgage. He bought it subject to the loan, It is not in his name, It is in your name. If the original...

Archived

I owened a house free and clear with someone in VA. I have quick claimed it over to the person. How long must I wait to file 7?

Stanley's answer | Answered on December 25, 2009

How would you answer the following? Q#10 of the Statement of Financial Affairs: a. List all other property, other than property transferred in the...

Archived

After chapter 13 was dismissed - non payment can it still be "CONVERTED" to a 7 or do I have to start over to file a 7?

Stanley's answer | Answered on December 24, 2009

Yes, based the facts presented you will have to pay all fees again. Proof of Payment, if not provided will result in dismissal. Your attorney may...

Ad

Transform legal challenges into solutions.

Connect now to review your situation.

The Avvo Rating explained

display-bg

The Avvo Rating explained