Archived
My father's house, where I live in, has a 2nd mortgage (home equity loan) In his name. There's no equity. Can they foreclose?
Arash's answer
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Answered on March 02, 2010
Short answer, yes they can foreclose! However whether they will foreclose is another issue. As a general rule, a 2nd mortgage that is underwater...
Archived
I recently did a loan modification on my house, can I still sell my house if I need to?
Arash's answer
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Answered on March 02, 2010
I suggest you speak with a broker and an attorney licensed in AZ. If you'd like a referral, I know a good AZ broker.
However, as a general...
Archived
Bankruptcy? I have a home I'm trying to short sell, but it's already in default and at risk of foreclosure...
Arash's answer
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Answered on March 01, 2010
I would suggest you speak with a licensed attorney in Florida/Georgia. But the answer to that depends on what type of bankruptcy you want to...
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Archived
I received a [notice to all occupants of this unit] that state that the property as acquired through a foreclosure preceding
Arash's answer
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Answered on February 27, 2010
It appears that the landlord lost the property to foreclosure. The buyer of the property will surely record an assignment of rents and ask you to...
Archived
If I buy a second home, then walk away from the first home (foreclose, short sale), can lender on first home go after assets?
Arash's answer
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Answered on February 27, 2010
As a general rule, no. If the lender uses the trustee foreclosure process (notice of default, notice of trustee sale) then the lender typically...
Archived
Will i owe any money if my house is foreclosed . i live in california
Arash's answer
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Answered on February 27, 2010
To supplement my colleague's response, if there is a HELOC (home equity line of credit) as second, the personal liability can survive foreclosure. ...
Archived
I received a eviction notice,if i respond within the 5 days what next? does that just buy me more time?
Arash's answer
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Answered on February 27, 2010
Yes, it buys you more time in the property. By filing an answer, you force the plaintiff to actually go through the court process (as opposed to...
Archived
Seek attorney after foreclosure?
Arash's answer
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Answered on February 27, 2010
Did they deny the modification then sell the property right away? Where proper notices of default/trustee sale given?
Unfortunately, the bank...
Archived
I need to know what is the best thing to do with my house, foreclosure, deed in lieu of foreclosure, or quick sale?
Arash's answer
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Answered on February 27, 2010
It really depends on what your goal is. If your goal is to keep the property, then you might consider loan modification or chapter 13 bankruptcy. ...
Archived
We own two homes. We must foreclose on our first home, but want to keep the second.
Arash's answer
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Answered on February 27, 2010
It really depends on the types of loans that you have. If you have a HELOC (home equity line of credit), which is like a high limit credit card...
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