Regarding non-judicial foreclosures, how likely is it that the lender will seek to recover the full value of the note?

You are correct that all the lender gets is the property as long as there is only one loan on each property. There is no deficiency permitted...

What kind of attourney do i need?

In a short sale, unless you pay the full amount of the debt(s), you may still have liability unless all lenders absolve you from the debts and...

Re: Short sale - Foreclosure

Assuming you are in the State of Washington, your rights depend on whether both lenders will approve your offer and close the transaction with your...

I have stopped paying on my mortgage and will not keep my home. can the mortgage lender come after any of my assets?

The only potential liability you might have is if there is more than one loan on the property. The first lien would be satisfied by a nonjudicial...

It is not uncommon for a purchaser at a foreclosure sale to find out after the fact that there are additional liens that are senior to the one...

Are non arms length short sales legal in Washington State

The lender can impose any limits on whether or not to accept a short sale. Generally they want the sale to be arms length to ensure that there is...

My house in foreclosure andI am being charged by the homwowners assoc. assements on my house. Should I pay or let the lien stand

Generally, in the state of Washington, assessments from a condo homeowner's association for up to six months of assessments become a lien on the...

Deficiency judgement for foreclosure vs short sale

Tax liability can arise when a commercial property has been refinanced, cash taken out, and then foreclosed upon. The cash out can trigger a gain....

If the debt on my house is substantially higher than what I could sell it for, would I be better off foreclosing it?

A foreclosure would probably make it very difficult to purchase another house for at least two years after a foreclosure. A foreclosure on the...

Options to limit impact of vacant Rental Property

We would need to know if you have one loan or two loans on the condo. If one, then letting it go to foreclosure would result in the lender taking...