Archived
My rental home sold at the auction, prior owner knowingly took my $$ & the new owner is going to evict me. What are my rights?
David's answer
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Answered on October 01, 2009
Under a new law effective July 26, 2009, a tenant is entitled to 60 days notice if there is a foreclosure before they can be evicted. I can't tell...
Archived
What is a confession of judgment and order of lien foreclosure?
David's answer
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Answered on September 23, 2009
A confession of judgment is a signed document that can be held pending performance of some obligation and entered in court if the person signing...
Archived
I wan't my home to go into forclosure because the value has tanked by 85 grand and I have no equity and an 80/20 I.O. loan.
David's answer
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Answered on September 13, 2009
I think you should get legal advice at the beginning of this process as you have the most options now and many will be foreclosed as the process...
Archived
In Washington State, can the bank do a judicial foreclosure on a 1st and 2nd purchase money mortgage?
David's answer
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Answered on August 14, 2009
Unless the property is agricultural, the vast majority of lenders would foreclose non judicially. The first lien holder cannot get a deficiency...
Archived
In washington state if you have a property that forcloses can the 2nd mortgage holder file a deficiency of judgement?
David's answer
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Answered on August 14, 2009
The short answer is that the owner of the second note and deed of trust can sue the homeowner after foreclosure on the first. It is not...
Archived
How long does it take for a house to foreclose?
David's answer
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Answered on August 04, 2009
Assuming that the foreclosure is non-judicial (the most common way) the sale cannot take place sooner than 190 days from default. This means, in...
Archived
Can the mortgage company or HOA board come after my husband for a condo that I purchased when I was single?
David's answer
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Answered on July 20, 2009
The lender will not have a claim against your new husband, assuming he has not signed the loan agreement. As to the homeowners association, that is...
Archived
Real Estate
David's answer
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Answered on June 23, 2009
The quick answer is no; an option would not likely interest a lender to stop a foreclosure unless it is particularly attractive. For example, if...
Archived
Can we get out of our lease if the house loan is in default?
David's answer
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Answered on May 27, 2009
If you have a lease for a fixed term and face eviction sooner because the owner defaulted on the mortgage, you can stop paying rent because of an...
Archived
I unknowingly rented a house that is in foreclosure and up for auction in 2 weeks! Am I coverd by the new foreclosure law?
David's answer
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Answered on May 26, 2009
There is new federal legislation that may allow you to keep the lease as described in the following AP press release:
"Buried in a housing law...
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