| Subject | Date Asked | Expert |
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| Pre foreclosure | 11/19/2009 | Steele V. Propp |
Q: The question is regarding the house I live in. I bought it summer 2006 with goal of re-selling it ...
A: In answer to your further liability and tax questions, the former (liability) is somewhat tied to ...
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| Pre foreclosure | 11/19/2009 | Steele V. Propp |
Q: The question is regarding the house I live in. I bought it summer 2006 with goal of re-selling it ...
A: Well aware of the difficulties in dealing with Aurora. First of all, in order to get a loan mod (or ...
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| Home Equity Loan after foreclosure | 11/19/2009 | Steele V. Propp |
Q: After my home foreclosed Oct 08, I continued to pay on the Home Equity loan. The bank that I was ...
A: If the property was foreclosed upon, then the Home Equity Loan was no longer against the house. It ...
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| Abstract | 11/17/2009 | Dennis Herman |
Q: We recently purchased a bank owned home. After closing I asked where our abstract was located and ...
A: Only a licensed attorney can explain the difference between and abstract and title insurance. I am ...
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| foreclosure | 11/14/2009 | Dennis Herman |
Q: already lost my home to foreclosure, to the first lender where does that leave the second lender
A: The questions should have been answered during the court hearing for the foreclosure. If the ...
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| Foreclosure in Idaho | 11/13/2009 | Steele V. Propp |
Q: I have a first mortgage and a second which is a credit line. If I went into foreclosure under Idaho ...
A: According to my sources your state does non-judicial foreclosures. Simply put they do not have to ...
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| Fannie Mae Foreclosures | 11/12/2009 | Steele V. Propp |
Q: In October, I asked about buyng a house at auction where the mortgage was owned by Wells Fargo. No ...
A: There are several things going on here but let me give you my professional opinion based on 18 years ...
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| Foreclosure | 11/9/2009 | Steele V. Propp |
Q: In Florida once you stop a mortgage payment how long would it take for the bank to lock or foreclose ...
A: First of all there will be a timeframe during which the lender will wait before starting the ...
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| residential loan in default | 11/8/2009 | Steele V. Propp |
Q: My residential loan with BOA is 15 months deliquent. I applied for a loan modification under HAMP ...
A: Of course, you can offer this alternative. But to be direct, I don't know if they have the ...
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| Deficiency judgements/1099/Short Sale only | 11/7/2009 | Steele V. Propp |
Q: There is so much misinformation out there and I am so confused. Can you tell me if I am ...
A: As long as your attorney is skilled in foreclosure law and shortsales, I would say "yes!". The ...
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| Locked out of new home by previous owner's lender | 11/7/2009 | Steele V. Propp |
Q: I’m a young, first-time homebuyer who closed on the purchase of a townhome three weeks ago ...
A: Sorry to see this happen to you. Unfortunately I have found that at many of these lenders the right ...
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| Deficiency judgements/1099/Short Sale only | 11/7/2009 | Steele V. Propp |
Q: There is so much misinformation out there and I am so confused. Can you tell me if I am ...
A: Based on what you are saying, I believe you are correct. The 1099 and tax forgiveness can be based ...
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| Should I find out about previous foreclosure? | 11/6/2009 | Steele V. Propp |
Q: About 4 years ago, I owned a home that went into foreclosure. At the time, I didn't really talk with ...
A: It would appear that the 4 years is what covers but again, I am not an attorney. My understanding ...
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| Should I find out about previous foreclosure? | 11/6/2009 | Steele V. Propp |
Q: About 4 years ago, I owned a home that went into foreclosure. At the time, I didn't really talk with ...
A: I am not an attorney and this is partly a legal question. Of course, the more time that goes by, ...
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| hud bids | 11/4/2009 | Dennis Herman |
Q: It sounds as if I were to "win" the bid, I would have to live in the house rather than rent it out ...
A: I really do not understand your question. I would have to learn more details about the situation. ...
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| after a forcloser sale | 11/3/2009 | Steele V. Propp |
Q: My home has been sold at an non-judicial auction, I am wondering what are the laws for me, he has ...
A: I am not a native of your state so I am not familiar with your statutes to this detailed a degree. ...
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| Claiming property after foreclosure auction | 11/1/2009 | Steele V. Propp |
Q: This is a two part question. I was a tenant in a home in AR that was foreclosed and recently sold at ...
A: It sounds like you were out the house when the locks were changed. As the house was "vacant" it ...
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| How to stop/delay foreclosure by lender | 10/30/2009 | Steele V. Propp |
Q: I am most concerned about my brothers well being, as he is in quite a jam with a foreclosure ...
A: First of all let me extend my heart felt sympathy for your brother and this situation. It is a ...
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| Foreclosed houses for sale | 10/29/2009 | Steele V. Propp |
Q: I read from time to time on Yahoo, articles on Forclosed houses that - according to the article - ...
A: As you suspect it is largely nonsense. Oh, they have to be able to find one example that happened ...
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| Delay auction date | 10/28/2009 | Steele V. Propp |
Q: We have an auction set on our house 12-4-09. We live in WA state which is non judicial. Is there ...
A: One could request the date be pushed back but unless there is a viable reason most lenders will not ...
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| foreclosure | 10/28/2009 | Steele V. Propp |
Q: I live in Florida and have two investment properties that are upside down. Both properties are ...
A: Not good to assume anything. Unless the attorney includes his fees in the negotiations and it is on ...
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| loan modification | 10/24/2009 | Dennis Herman |
Q: we were charged for a loan modification, in order to get fix rate, from our arm rate. to an ...
A: Always deal with Internet sites ending in .gov such as the HUD site. ...
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| promissory note | 10/24/2009 | Dennis Herman |
Q: how important is the promissory note, that is in the loan papers that a lender usually have the ...
A: You would have to consult with an attorney or file a complaint with the state banking commissioner ...
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| rescind trustee sale | 10/24/2009 | Steele V. Propp |
Q: I have a California mortgage with ASC. While in BK 7 I started modification process with ASC. They ...
A: Unfortunately it is common that the right hand doesn't know what the left hand is doing and such is ...
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| foreclosure/short sale | 10/23/2009 | Dennis Herman |
Q: I have a house that is considered investment property because I don't live there. I had renters for ...
A: This site may provide some answers. ...
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| foreclosure/bank lock out | 10/23/2009 | Steele V. Propp |
Q: My husband and i own a property in Miami Floirda. Unfortunately we are in the process of ...
A: I am not an attorney and some of your questions are points of law. But let comment on what I can ...
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| Foreclosure | 10/22/2009 | Dennis Herman |
Q: I have just been served with foreclosure papers. I spoke to the mortgage co. I knew I owed 5600.00 ...
A: Contact your local city, county or state. There should be a link from the HUD site, the Federal ...
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| Foreclosure sale date extended | 10/22/2009 | Steele V. Propp |
Q: I have been working with my lender and a housing counselor desperately for the last few months ...
A: Yes, the postponement is just what you want to hear. They wouldn't do it if they weren't serious ...
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| Discharge Dept. | 10/21/2009 | Steele V. Propp |
Q: Steele, I called the lender yesterday and was told my equity loan was in the discharge dept. and ...
A: Probably start foreclosure proceedings. Possibly sell your debt to a collection company that would ...
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| finding auctions | 10/19/2009 | Steele V. Propp |
Q: I would like to find out when and where the auctions are in my area? Where do I start to find ...
A: Not sure what kind of auctions you are talking about. I assume that you mean foreclosure ...
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| where to find auctions | 10/19/2009 | Dennis Herman |
Q: I would like to find out when and where the auctions are in my area? Where do I start to find ...
A: Sorry, auctions are not in my business plan. I do not get paid to attend auctions. Try searching ...
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| foreclosure | 10/18/2009 | Dennis Herman |
Q: Im renting a home on a month to month. The property was sold at auction and the new owners want us ...
A: On a month to month lease you have a locked rent until the end of the month. The land lord has to ...
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| Refinancing - have default notice on record | 10/17/2009 | Steele V. Propp |
Q: Several months ago you greatly assisted me in my efforts to buy off my first and second mortgage at ...
A: So if I understand correctly (and I am slow today) your relative bought the mortgage and you owe ...
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| You said | 10/17/2009 | Steele V. Propp |
Q: Read with interest your response.... My first is $120,000. Value of property is $180,000. Second is ...
A: I don't know if you are understanding me. If the second mortgage (BOA) forecloses Wells Fargo has ...
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| You said | 10/17/2009 | Steele V. Propp |
Q: Read with interest your response.... My first is $120,000. Value of property is $180,000. Second is ...
A: What I am saying is that you now have a loan mod worked out. Stick to it. If one misses a payment, ...
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| Refinancing - have default notice on record | 10/17/2009 | Steele V. Propp |
Q: Several months ago you greatly assisted me in my efforts to buy off my first and second mortgage at ...
A: First of all, the FHA person was correct. You have a foreclosure/default on your record and they ...
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| You said | 10/16/2009 | Steele V. Propp |
Q: Read with interest your response.... My first is $120,000. Value of property is $180,000. Second is ...
A: I think that you might have it backwards. If a first forecloses they don't have pay anyone off. ...
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| You said "don't fall behind on first?" | 10/16/2009 | Steele V. Propp |
Q: Read with interest your response.... My first is $120,000. Value of property is $180,000. Second is ...
A: Interesting. The reason I said to keep paying the first is that if you fall out on a loan mod ...
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| foreclosure surplus | 10/16/2009 | Steele V. Propp |
Q: My house in Georgia was foreclosed on last year. And, I recently learned that there was a surplus ...
A: Understand that I am in another state, but my experience is that one can simply contact the county ...
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| 2nd Loan | 10/16/2009 | Steele V. Propp |
Q: We have a 80/20 loan, and right now our first loan is going through a 3 months trial period. We ...
A: The short answer is "yes". Any loan against the property can start foreclosure Proceedings for ...
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