| Subject | Date Asked |
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| Abstract | 11/17/2009 |
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 |
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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| hud bids | 11/4/2009 |
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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| loan modification | 10/24/2009 |
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 |
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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| foreclosure/short sale | 10/23/2009 |
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 | 10/22/2009 |
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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| where to find auctions | 10/19/2009 |
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 |
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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| Tree fell during escrow, need Bank to take care of, I am ready to close | 10/14/2009 |
Q: I am ready to close, loan docs (80/20 loan) signed with lock exp in 9 days. But their is a hold up, ...
A: The State of Wisconsin has standard provisions in the fine print on the back pages of the option to ...
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| foreclosure on home | 10/13/2009 |
Q: I own a home in Florida that has been determined to be non repairable do to construction ...
A: If you received a settlement on the house with the fill problem, you must have had some type of ...
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| foreclosure on home | 10/9/2009 |
Q: I own a home in Florida that has been determined to be non repairable do to construction ...
A: You may already be working with an attorney, due to the circumstances you described. I am not a ...
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| locked out of property with possessions still inside | 10/2/2009 |
Q: my husband and I were in foreclosure on our mortgage and in july were granted a loan modification ...
A: I can only relate to the series of events I have seen in Wisconsin. I have no idea what the laws ...
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| Foreclosure | 10/1/2009 |
Q: We are almost 4 months behind on our mortgage payments. My husbands salary has decreased ...
A: Most of all I think you need a lot of prayer. You should have considered a move months ago. ...
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| Papers Served | 9/30/2009 |
Q: I am 160 days behind on an investment property in Florida and I live in Kansas. I have a pending ...
A: I am a licensed Real Estate Agent on the state of Wisconsin, specializing in marketing. If you are ...
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| 2 properties in florida attempting to short sale | 9/29/2009 |
Q: Here is the situation- my father purchased 2 pieces of land in the hopes of building on them. This ...
A: I am a licensed real estate agent in the state of Wisconsin. You should seek legal advise from a ...
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| buying foreclosed property | 9/16/2009 |
Q: I did not see an expert option that related to property up for auction after foreclosure, so if you ...
A: Auctions are not a part of my business plan. There are no provisions in an auction which allow me ...
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| home owners dues | 9/13/2009 |
Q: can home owners association file foreclosure against your home, due to past due dues? I am ...
A: Without seeing the agreement with the HOA, I can not answer that question. I doubt if the have the ...
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| Home Insurance After Foreclosure | 9/13/2009 |
Q: I am in a situation where my home has been foreclosed on via sheriff sale. I am in Michigan and I ...
A: The redemption period give you time to work out a solution with the lender. If you initiate the ...
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| liens and foreclosures | 9/11/2009 |
Q: I have a lien against a man's house for money that is owed to me. I recently received notice the ...
A: I am not a licensed attorney. I have a real estate license in the state of Wisconsin. It sounds ...
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| Owner Financed Forecloseure | 9/10/2009 |
Q: I owner financed a 15 acre parcel of land with a home to a man two years ago, as of 2 months ago he ...
A: This is a good question. I have never been involved with an actual Seller Financed sale, although I ...
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| Foreclosure | 9/9/2009 |
Q: The mortgage on my home was contracted in my husbands name only one month before we married fifteen ...
A: I am dealing with a number of lenders on a daily basis. I find they like to do business their way or ...
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| Secondary Lender after Foreclosure | 9/8/2009 |
Q: last year unfortunately my home was foreclosed, it was my primary residence for 3+ years. My ...
A: You may be better off contacting an attorney which knows real estate law in your local area. The ...
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| Foreclosure Extension | 9/5/2009 |
Q: What does it mean when a forclosure date is extended?
A: In marketing an extension if referring to the listing. The bank may grant a contract to a broker to ...
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| Is 2nd Trust Deed Reconveyed? | 9/2/2009 |
Q: I have a Full Reconveyance for a 1st trust deed back in 1981 but is the 2nd Trust Deed therefore ...
A: I am licensed to market real estate in Wisconsin. Your question needs an a local attorney. Per ...
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| Foreclosure | 9/1/2009 |
Q: We got a our Notice of Default dated December 3, 2008. The DOT has the mortgage broker recording ...
A: Sorry I can not explain this one. I am licensed to market properties in the state of Wisconsin and ...
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| Promissory Note vs Mortgage | 8/26/2009 |
Q: I signed the mortgage with my wife and now we are separated. she does not work and I am responsible ...
A: It just so happens I had an experience in FL. I married my wife in Miami, the following day we ...
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| Note vs Mortgage | 8/26/2009 |
Q: I signed the mortgage with my wife and now we are separated. she does not work and I am responsible ...
A: The answer depends on which state you live in. In Wisconsin, husband and wife are co-owners of all ...
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| Options on Foreclosure in FL | 8/24/2009 |
Q: My best friend owns an apartment that she purchased using her mom's name. The loan in on her mom's ...
A: There have been many new laws introduced to help home owners in this situation. Search the Internet ...
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| building home equity | 8/18/2009 |
Q: Mr. Herman, I would appreciate it immensely if you could give me some guidance in my purchasing a ...
A: Ask your lender about the financial end of things. They have to keep up on the ever changing ...
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| building home equity | 8/17/2009 |
Q: Mr. Herman, I would appreciate it immensely if you could give me some guidance in my purchasing a ...
A: It's great to see you gathering information like you are. The best thing to do is call a Real ...
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| Lien in California | 8/13/2009 |
Q: Three months ago I placed a bid on a Bank Owned property and lost. I live 2 doors down from this ...
A: I am not an attorney, I am licensed to market real estate. But I can tell you what I would do if I ...
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| Selling a second mortgage | 8/1/2009 |
Q: A nearby developer got a $850K loan to build a spec house. During construction he decided to ...
A: Sorry to say, I an in the marketing end of real estate and not in the lending business. I would ...
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| Foreclosure on Land | 7/28/2009 |
Q: I own 1.25 acres of empty land in Arizona. My financial situation has not changed but I no longer ...
A: Looks like you got into an investment that went south. I'm not sure how to answer this. I would ...
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| Owner filing BK | 7/9/2009 |
Q: We have purchased a home on land contract from an individual on April 1st 2009. She has some type ...
A: This is a good question. I generally do not deal with land contracts because they require a large ...
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| Selling "AS IS" | 7/9/2009 |
Q: I am going to purchase a foreclosed home. Closing is Aug. 13th. The property has been empty for ...
A: You realize I am not allowed to comment on a contract I am not a party to. I can of course comment ...
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| short sale | 7/7/2009 |
Q: My daughter has a home in FL that is worth far less now then when she purchased it several years ...
A: There are a number of things you need to do to collect the data to make a proper decision. Call a ...
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| Foreclosure/Eviction/Judgement | 6/23/2009 |
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ...
A: You are welcome. If this has happened to others, there is a good possibility one of them have ...
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| Foreclosure/Eviction/Judgement | 6/22/2009 |
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ...
A: I am surprised a lender would share this information with you since this may be considered ...
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| Contracted Sale | 6/19/2009 |
Q: can a sale be rescinded in california
A: I am not sure how to answer this question. I am a licensed real estate agent in the State of ...
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| Foreclosure/Eviction/Judgement | 6/19/2009 |
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ...
A: I am not a licenses attorney and I do not have access to the contracts involved. This makes ...
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| Working with Offer | 6/18/2009 |
Q: What does it mean when the listing agent said she is working with an offer, but it is not pending ...
A: The listing agent can be directed by the seller to hold off on showing the property. It is common ...
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| 2nd lien on a forclosure | 6/16/2009 |
Q: If a person forecloses on a home in Arizona that has the 1st and 2nd at the same bank does ...
A: This is really a question for an attorney. You may want to run it past this past an attorney. ...
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| unlawful detainer | 6/8/2009 |
Q: My parents were renting out a property in California, they become one of the statistics with a bad ...
A: Sorry for the delay, but I am glad I checked into this answer. This site used to have a number of ...
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| Post Foreclosure | 6/5/2009 |
Q: I bought a condo in Miramar, FL ( greater Ft lauderdale) in 2006. I was single at a time and stayed ...
A: I am a licensed real estate agent in the state of Wisconsin. A major portion of your question ...
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| bankruptcy after a foreclosure | 5/24/2009 |
Q: Can you still file bankruptcy (Chapter 7) after your home has been foreclosed? We have another home ...
A: I would hope you are filing with the aid of an attorney. Your attorney has the ability to read and ...
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| good faith deposit short sale | 5/7/2009 |
Q: I made a bid on a house on April 1st and the bid I made changed the sale from a regular sale to a ...
A: I am licensed to sell real estate in Wisconsin. I can tell you how things should be handled here ...
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| WALKAWAY OR FORECLOSURE | 5/4/2009 |
Q: I bought a house back in 2004 without a home inspection. Within the last 3 years, the house has been ...
A: You don't need a real estate agent (which I am) you need an attorney. There is a section in ...
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| foreclusure vs short sale vs walkaway | 5/3/2009 |
Q: Howdy, my mother died in December 08. She was 23 years into a 30 year note on her condo. original ...
A: When I look for the best deals for my buyers I try to find estates. Often the family wants to put ...
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| Loan Modification / Foreclosure | 4/29/2009 |
Q: I stopped making payments on both the 1st & 2nd. The 1st mortgage is working on a loan modification ...
A: Since I am only an expert at marketing foreclosures and short sales and not knowledgeable enough on ...
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| making an offer | 4/26/2009 |
Q: I am going to view a house today and it has been on the market for a very long time, about a year or ...
A: You are asking the wrong person about termites. Out of 50+ sales I have only seen 1 request for a ...
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| making an offer | 4/25/2009 |
Q: I am going to view a house today and it has been on the market for a very long time, about a year or ...
A: i really find it hard to give professional advise on a property I have not viewed. As a matter of ...
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| Short sale | 4/24/2009 |
Q: Here's the scenario. My fiance and I each have homes that are on the market. After they sell, we ...
A: Wow Larry Seems like the market has really put you in a bind. My expertise is in marketing, you ...
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| Purchase of bank owened property | 3/24/2009 |
Q: Is there possibly back property taxes owed on homes that banks own now. If so, would the new ...
A: This is a good question. I wish I had an answer. Since I am only licensed to sell Real Estate in ...
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| Info on a foreclosed property | 3/23/2009 |
Q: My son recently found a listing on Yahoo Foreclosures for a piece of property that he might be ...
A: This is an excellent question. Answering ads on Yahoo and other sites offering foreclosures can be ...
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| Foreclosure profitabilty (formula?) | 3/21/2009 |
Q: Can you help me come up with a basic guideline for determining potential profitability if I am going ...
A: Investing in foreclosures is much more than numbers. Many people are looking into Real Estate as an ...
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| rental home being foreclosured | 3/19/2009 |
Q: the house my husband and I rent is about to be foreclosed. I talked to my landlord, she says there's ...
A: Sorry to hear your situation. There is not much you can do as a tenant. If the property was sold ...
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| How to avoid taxes on a short sale? | 3/18/2009 |
Q: I have heard recently that if you do a shortsale on your property as a primary residence, you can ...
A: I am not sure how a short sale would effect your credit. The best thing to do is get in touch with ...
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| How to avoid taxes on a short sale? | 3/17/2009 |
Q: I have heard recently that if you do a shortsale on your property as a primary residence, you can ...
A: Angela At the present time there seems to be no assistance available for rental property. You can ...
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| foreclosure, fraud, forgery | 3/15/2009 |
Q: A complaint for foreclosure was began on 6-27-2009 and on 1/14/2009, substitute trustees filed ...
A: I have a license to market real estate in the state of Wisconsin. There is another Expert that is a ...
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| foreclosure process | 3/12/2009 |
Q: The condo next to mine is in foreclosure. I was told by the condo association that the foreclosure ...
A: I am a licensed real estate agent in the state of Wisconsin and not an attorney. I will answer this ...
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| lien | 3/10/2009 |
Q: If there is a lien on the house we are renting can it be forclosed if the old owner doesn't pay it? ...
A: This would be a difficult question to answer without knowing all of the facts. The contracts for ...
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| Notice of Trustee's Sale and Rescission | 2/26/2009 |
Q: Q1: I came across a property having two Notices of Trustee's Sale, one on September and one on ...
A: I am licensed in the state of Wisconsin to market and sell property. These questions are bordering ...
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| foreclosure 1099c and court | 2/18/2009 |
Q: Bank foreclosed on rental property in tn. Being sued by attorney representing the bank for 7000.00. ...
A: Sorry for taking so long to get to this question. I am a licensed Real Estate agent in the state of ...
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| retirement | 2/15/2009 |
Q: herman and my question me and my wife work im part-time package handler and my wife is a server but ...
A: Many people are looking into Real Estate as an investment. The first thing that comes to mind is ...
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| Quick Question | 2/9/2009 |
Q: I have been talking with a Realtor here in Las Vegas, who has been giving us some very shady advice, ...
A: Great question. I wanted to do a write up on how to choose a great Real Estate Agent. I always ...
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| Quick Question | 2/9/2009 |
Q: I have been talking with a Realtor here in Las Vegas
A: I would talk to at least three agents before making a decision to sell a home. Get to know them. ...
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| foreclosure- can they really do this? | 1/28/2009 |
Q: I am current on my first mortgage, but i fell behind on my HELOC and they brought me current to help ...
A: Jen My expertise is in the area of marketing and sales. I am not an attorney. I would suggest you ...
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| foreclosure | 1/21/2009 |
Q: I live in Minnesota. I have three mortgages on my house. In the event of a foreclosure, which lien ...
A: Dave Thank you for the question. I hear this question a lot these days. If you have a current ...
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| Making an offer on foreclosure | 1/18/2009 |
Q: I made an offer on a foreclosure. The realtor told me that the banks look at the complete offer ...
A: In the state of Wisconsin the offer to purchase will indicate if the loan is conventional, FHA or ...
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| Finding investors for short sales | 1/8/2009 |
Q: I have come across several thousand dollar plus courses on short sales and wondered what a person ...
A: There are a series of articles I have written about getting involved in Real Estate from an ...
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| Forclosure on a second home | 12/27/2008 |
Q: I live in Illinois. I co signed for a friend to buy a second home in Florida. He currently lives in ...
A: Now I know I am now the only one trusting enough to enter into a co-sign agreement and get caught in ...
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| option on my house | 12/22/2008 |
Q: Herman, I know you are getting many of question these days about all this Loan modification staff.I ...
A: Brad Thank you for the question and thank you for the actual facts so we can now take a look at a ...
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| REAL ESTATE | 12/16/2008 |
Q: WHAT EXACTLY IS A FORCLOSURE
A: I think this definition given in the Wisconsin Realtor's Association Update of December 2008 will ...
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| foreclosure detroit | 11/30/2008 |
Q: 000 dollars in nice places on foreclosure, pls informe why is soo cheap detroit ,thanks
A: Most of my work with foreclosed properties is in the city of Milwaukee so I will share my ...
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| Taking Cabinents from a Home | 11/25/2008 |
Q: I am a banker and I had a client pose an interesting question to me in which I could not get a clear ...
A: I am a licensed real estate agent, which does not allow me to answer legal questions. My expertise ...
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| 2nd Trust Deed Foreclose before 1st TD | 11/12/2008 |
Q: can a 2nd foreclose in CA when a chapter 13 Dismissal has taken place but nit yet closed ?
A: I am not sure I understand the question. I think you are asking a question concerning a first and ...
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| trying to buy forclosure with VA | 11/1/2008 |
Q: We make 103K per year. I am a vet. I have a certificate of eligibility. My wife and I found a ...
A: I agree with you completely. I know exactly what you are going through. This is standard practice ...
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| mortgage - bankruptcy | 10/27/2008 |
Q: Had hard time paying mortgage all year. In and out of forebearance. Trying not to declare bankruptcy ...
A: Declaring bankruptcy and having your house foreclosed are two different entities. If you are ...
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| The House I Rent Is Getting Into Foreclosure | 10/17/2008 |
Q: We rent a house in Orlando Florida. My landlord is trying to sell his home in short sale but he ...
A: you bring up two very important points. You should continue to pay your land lord, unless they ...
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| Foreclosure of Rental Property | 10/5/2008 |
Q: I have been unable to work since 2006, in the long process of filing for disability. I have been ...
A: Karl The laws are different form state to state. Most attorneys will give you a free consultation. ...
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| Rental homes | 10/3/2008 |
Q: I have 5 rental homes in Washington State. I am 2 months late on all of them. My primary home has ...
A: Andy The best thing you can do is contact the lender and let them know your situation. You should ...
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