Foreclosures Help Information

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Foreclosure Attorney Florida

Question: Is it Illegal to Collect rent on a property that is in foreclosure?

I am a landlord for a trailer park. The property is in foreclosure. The property is owned by a development company. There is attorney calling me and telling me I cannot collect rent b/c of the foreclosure or they will take me to jail. Yet my boss tells me to keep collecting... What should I do? Is the attorney trying to bully me into giving the bank money behind my bosses back? Or am I really in danger of going to jail?

Fyi this is in the state of Florida

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Answer: Can the bank come up with an assignment of rents or a rent execution order? If they can, then you will have to hand over the money to them.

As a landlord, don't you have an attorney you could speak with?

P.S. There is a document called an assignment that allows a lender to collect rents from the tenants of a borrower in default. There doesn't need to be an actual foreclosure, just a default, for this to kick in. This document assigns the tenants leases and rents to the lender without exception if the borrow defaults. Most investment property loans have this. If the lender for some reason doesn't have this, then the landlord gets the money up until an actual foreclosure ... unless there is a court order that says otherwise.

Miami Florida Attorney - Lawyer Dania Fernandez - www.FloridaLawAttorney.com - Foreclosure Video 37

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Foreclosure Attorney Virginia

If you need extra cash to pay off those nagging credit card bills or medical bills, have you thought about applying for a West Virginia home equity loan? If you have been paying on your home for a while, then you may be able to get a considerable amount of cash from a home equity loan. First, let's look at what a West Virginia home equity loan is.

A home equity loan is a loan against the value of your home and what you owe on your home. For example, let's say you paid $100,000 for your home. You made a lot of improvements to your home and it is know appraised at $180,000. Then you could get a home equity loan for $80,000. This is cash loaned to you on the promise that you will pay it back. If you default on your West Virginia home equity loan, you may lose your home to foreclosure.

It is important to look at your financial situation carefully before you apply for a home equity loan. Will you be able to afford the additional payments easily? If the additional payment is really going to stretch your budget, then maybe a home equity loan is not for you. You don't want to risk losing your home.

If the additional payment is no problem, then do some shopping around for the best rates for you on a West Virginia home equity loan. Most banks are very competitive and you may be able to lock in a very good rate if you comparison shop, whether you are in West Virginia or any other state.

Always make sure that you know what is in your loan contract before you sign it. The best thing to do would be to take it to your attorney and have him look over it thoroughly before you agree to sign it. Make sure that your rates will be fixed so that your payments will not increase over the years.

Be very suspicious of lenders that contact you out of the blue, offering you a great deal on home refinancing. A lot of these lenders are predatory lenders and will do you no favors. They are trying to get as much money from you that they can and they may also be trying to get ownership of your home.

A West Virginia home equity loan can be a great deal for some people because it is tax deductible and may save you a ton of money. If you use the money to pay off higher interest debt then you can only get ahead.

Just always do your research and never jump into a West Virginia home equity loan without the advice of your attorney or someone that is knowledgeable about home equity loans. Always remember the phrase "If it sounds too good to be true, it probably is."

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By the way, you can learn more about a West Virginia Home Equity Loan as well as more information on everything to do with home equity loans and home equity lines of credit by visiting http://www.HomeEquityLoansA-z.com

Article Source: ArticlesBase.com - Is a West Virginia Home Equity Loan Right for You?

Richmond Lawyers Krumbein Consumer Legal Services, Inc.

Foreclosure Attorney Michigan

Question: Can a wife open mail addressed to only her husband in Michigan?

This is where is gets complicated, the couple is in the middle of a divorce, not yet finalized and the husband refuses to change his mailing address. Since the divorce is still not final is this considered "community property" since it was received at the marital address? My ex husband is in serious arrears for child support and I am expecting a letter from an attorneys office in regards to the foreclosure of our marital home, I opened this thinking it was a document I needed to sign for the mortgage company, but it is in relation to a settlement for wrongful death of his grandfather, on which both he and our children are named as heirs. I would like to give my attorney/friend of the court this information, but am hoping since he won't change his address I will not be facing any charges for my error...any ideas?

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Answer: The law only provides for intercepting or causing interception of mail in transit (pre-delivery). Once the mail has been delivered to it's proper address, there are no laws regulating WHO can open and read said mail

Facing a Michigan Foreclosure? The Time to Act is Now! [Short Sale Specialist]