I rent a house and a foreclosure note was taped on my door. The property is to be sold on a certain day in March. I have a lease agreement and need to know legally will i get a 30 day notice?My lease says I will, but who knows. The property manager avoids my calls and is not there when i go to the office.
I have already contacted the lawyer who is handling the foreclosure and they dont give any information other than the hearing date and bid date. HELP PLEASE!!

Technorati Tags: Foreclosure, lawyer, lease agreement, property manager

We were recently married, each came to the marriage with a home. We are selling one and are not in foreclosure but for financial reasons we need to unload the house. There is no way we will sell it for what we owe, we are in the suburbs of Detroit, Michigan. Home values continue to decline. Wonder if anyone had done a short sale in a similar situation and what your credit looked like after. It is my husband house entirely in his name and he currently has near perfect credit. Thanks in advance!

Technorati Tags: Foreclosure, home values, marriage, suburbs of detroit michigan, thanks in advance

the escrow company is trying to get me to sign papers for me to move out early. What are my options and legal rights???
i signed a short sale doc. it is in the process of going through escrow, new owners are attempting to evict me early , what are my options at this point?

Technorati Tags: escrow, Short Sale

Me and my boyfriend recently moved in together, but this forclosure crisis has caught up. We were wondering whether we should sell, refinance or file for bankruptcy?
I AM IN PRE-FORECLOSURE PROCESS AND NEED ADVICE!!!-REFINANCE, BUY, SELL, MORTGAGE.

Technorati Tags: bankruptcy, Foreclosure, mortgage

I recently got a loan modification and it is going great. However, I am interested in refinancing to include my home equity loan. Is that possible or can you not refinance once you have gotten a loan modification.

Technorati Tags: home equity loan, Loan Modification

Reason Number One

Foreclosure is now hurting people’s ability to get another job or alternative housing. Applications many times include the question, “Have you ever had a property foreclosed on?”, which often hurts applicants worse than the question, “Have you filed for bankruptcy in the last 7 years?”.

Reason Number Two

Foreclosures are a matter of public record, while bankruptcies are only accessible as part of your credit report.

Reason Number Three

Lenders consider foreclosures more serious than bankruptcies. Homes can often be bought 2 years after bankruptcy.  With a foreclosure on record, lenders may often decline home loans 4 years or more after a foreclosure.

Some Information About Bankruptcy

* An arrangement must still be worked out with the Mortgage Company to repay the past due amount.
* If you are 1 day late on any trustee payments your case “may” be dismissed, the stay will be lifted and you will be back in Foreclosure.
* The Mortgage Company can work around the Bankruptcy and still Foreclose.

This information is provided free of charge by Operation Restoration. Donations are critically needed to help this mission move forward.

I purchased a mobile home 8 yrs ago ()in a park with no land as viable asset) and I do own another home. I have exhausted all avenues for getting it sold, refinanced, (Note holder is Vanderbilt and they REFUSE to help), renting, short sale, etc. I am at the point of walking away cash for keys sort of thing. This one is a rental and I can’t even rent it to pay the note on it. The economy is extremely tight here for real estate rental market. I know I am going to take a hit on my credit but since I pay cash for most everything I buy I am not too worried. Do I need a lawyer to "walk away" or can I send the keys in with a disclaimer note and tell them I am done? I bought it from them out of a foreclosure and found out they did the same thing to previous two owners.

Technorati Tags: avenues, disclaimer note, economy, Foreclosure, lawyer, mobile home, real estate, vanderbilt, viable asset

I recently took a listing for a short pay sale in Southern California and today the client confided in me that he wants to pursue legal recourse against his former Real Estate Agent and Broker who sold him the house.

As it appears he was paid 00 by the agent to act as the buyer when in reality the agent was buying the house. The agent had just gotten a license and wanted to buy a house. Escrow closed and 2 yeas later the agent tried to sell the house and found out my now client owed 83,000 in child support, so there wasnt enough money to sell the house. The agent returned the house to my client and said you deal with it, you never informed me of your debt. My client took the house and is trying to do a short pay sale, he never disclosed this too me.

I advised him to let it go, the legal thing and attempt for us to do the short pay, I said you’ll probably get yourself in trouble too since you accepted mony and threatened these guys already. He attempted to extort another
00 from the agent upon close of escrow saying he wasnt satisfied with the 00 and threatened the guy with violence if he didnt comply. The agent never complied and now he wants to try to extort money from the loan officer and broker who did the deal, citing that they never informed him the child support thing would get him and the agent into the following mess.

What do you guys think, should I cancell the contract or attempt to do the short pay for this client, and should I advise him to seek legal counsel or let it go?

Technorati Tags: child support, escrow, legal counsel, legal recourse, loan officer, real estate agent, southern california, violence, yeas

Partnered with people to buy a 0K house with zero down. Financed from 2 mortgage companies. Both the house and mortgage are only under my name. Partners stopped contributing payment, but they are living in the unit. The banks are coming after me.

I was told to explore the option of a short sell; selling the house below market value and return the money to the mortgage companies. If I do short sell, the money from sale will be 100K less than the money owed for the mortgage.

Does the mortgage companies still have ability to request I make up the 0K difference?

What are my options with my partners?

Where can I seek more help?

Technorati Tags: banks, money, mortgage companies