Foreclosures Help Information

Posts Tagged ‘Bankruptcy’

Stop Foreclosure With Bankruptcy

Question: Credit after foreclosure question...?

Long story short, my house was stolen by a dirty mortgage broker. This is a guy wanted by several gov't agencies, and currently in court with the DA's office. He literally stole my house (and several other people's) and my lawyers said my best option was to stop paying and hope the bank forecloses on him. Yes, I am still pursuing legal action for this situtation.

OK, so I only stopped paying on the house, and it apparently (one year later) just sold in a foreclosure auction. I now have a foreclosure on my credit report, which I know will be there for 7 years. All of my revolving credit cards are paid on time and usually in full. I have money in the bank. So basically, everything else is in tact but *the house*.
Who do I call to repair my credit? Debt consolidation company, bankruptcy attorney (even though I am NOT filing for bankruptcy)? Is time my only option?
How do I repair it if my only debt is the house?
Let me know if you know the answer to this because I am confused.

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Answer: Only time will get that off your credit record.

Your story sounds VERY strange. I'd be consulting with another attorney about your first one's advice...

How to Stop Foreclosure: Foreclosure vs. Bankruptcy

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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

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]