Archived
Dad passed away leaving property value less than reverse mortgage balance; should I do deed in lieu or foreclose?
John's answer
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Answered on January 25, 2012
Either way, your brother can stay there a while. Most of the time I advise against a deed in lieu, because with a deed you are making...
Archived
My condo association is very close to bankruptcy venditive HOA put lien on a unit and stop accepting her payments
John's answer
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Answered on January 24, 2012
Your situation is very common nowadays. When there is not enough month to go around, things stop happening. As a practical matter either everyone...
Archived
What recourse does the client have if a lawyer you have retained leaves the country for months without notifying you?
John's answer
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Answered on January 24, 2012
A lawyer has the ethical duty to the client, and the contractual obligation to the client, to not leave you 'hanging in the lurch'. So, if you lost...
Archived
The mortgage company bank of America took our mortgage payments and put them to late charges
John's answer
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Answered on January 24, 2012
No, probably it is not illegal. The loan documents you signed typically say that payments first are applied to things such as late charges,...
Archived
Will a Bk filling effect our mortgage rate mod with BOA?
John's answer
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Answered on January 24, 2012
No. Under HAMP regulations issues Spring of 2011, the filing of a bnky does not affect your loan mod process.
Archived
What are the odds of having a jail sentence for insurance fraud where the loss to the insurance company is less then 1500?
John's answer
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Answered on January 24, 2012
Slim to none. First, the amount of loss is small. Second, jails are seriously bursting at the seams. But, the question on the Judge's mind will be...
Archived
What should I do first?
John's answer
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Answered on January 24, 2012
As pointed out, having a professional on your side will help you get thru the maze. I'd think that professional would know whether to contact HR...
Archived
Filed Chapter 13 Bankruptcy in Arkansas. Now someone wants to buy my house and I will pay balance. Can I do this?
John's answer
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Answered on January 24, 2012
Yes. Probably you will need to apply thru your attorney for permission from the Judge to sell the house, and proceeds will go to the Trustee's...
Archived
Can court costs (filing fees) and the potential of salary garnishment be factored into a small claim? As a precaution
John's answer
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Answered on January 24, 2012
Yes, that is overall a part of your loss. Think about how you are going to be able to prove it, such as the month before when it was working it...
Archived
Propbable SBA loan default on a business and, selling the personal home to a non- family member at below market price.
John's answer
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Answered on January 24, 2012
Like playing with fire, eh? Selling or giving a house away for waaaay less than fair market value is not going to work. It is called a 'fraudulent...
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