Foreclosure

If you have been filed for a fake bankruptcy, then you can sue the claming party.

there is no set time for such a decision. Although it is everyone's best interest to get all the issues resolved as quickly as possible. The trustee's decision will be made on how encumbered the property is, appraised value, etc.

For most jobs in the Child Psychology field, frequent travel is not involved. They may attend a few conferences a year, but normally a psychologist in private practice will remain close to their client base, at home. That's also true if they're working for someone else, at a hospital or in a school. At the beginning of their career, many Child Psychologists relocate to an area where there is great opportunity. This is particularly true if they come from a rural area or a very small town.

The foreclosure papers that you received should give you that information. If not, contact the foreclosing institution for the answer in your specific case.

I'm trying to do this exactly. I have one distressed property because of government tenants that didn't move out after their program finished. The government doesn't care and has done nothing about it. I'm in the process of vacating them but that's not what I want to write about.

Currently because of the above I'm doing a short-sale with this property. I own another property and want to do a refi. The problem is with most creditors they only see a black and white scenario. There's nothing human about the equation.

I've tried so hard to get a refi on the second property. I've never been late and don't plan to. I have a 709 credit score and all my accounts are perfect and never had a late status. All I want is to reduce my monthly payment because I've paid much more than the monthly mortgage over the years. In actuality I'm in year 6 of this mortgage and according to the financials I'm in year 13. So I have equity in the 2nd property and feel now is a great time to do a refi and cut my monthly costs by $500.

So I ask Is this possible? Is it possible for a bank to be human and evaluate your situation on a human level instead of looking at it through a ultra narrow way of thinking?

Unfortunately not. Banks are not humans. I've not met one bank to look at your situation on a human level. I disclose to them before they run my credit about my situation and they just stop what they're doing and say "Sorry Sir, you won't be approved"

I've been into many banks and requested a refi from online brokers too with all the same result.

Just a tip, stay away from private lenders or hard money loans. The rate they'll charge you, you'll be better off staying with what you have. Also they usually arae for 1 - 3 years.

So for those people in the same boat as me that have a solution please let me know.

Mark

stanleyrealtyllc@gmail.com

It means that person no longer has an objection to your BK plan.

You are responsible for it, although how hard it is pursued depends...if you have other assets of value...expect it to be pursued fairly strongly. If it is forgiven, it becomes taxable income, you will receive a 1099C for the amount and pay tax on the amount forgiven.

Notice of Acceleration means that a Lender/Note Holder has put a Borrower on notice to pay off all amounts due to Lender within a specified timeframe, usually not less than 30 days.

Not really. It gets paid by the proceeds of the one buying the property at the foreclosure auction. It gets paid before the lender. So less is available to pay the lender...and if enough to pay the loan isn't received by the lender from the sale and payment of other liens, the borrower is till iable for the amount remaining. Other assets, garnishments, liens, etc may be used to collect that "deficit" in the future.

They are the same as every other place in the Country...especially as Bankruptcy is a FEDERAL LAW..which has been addressed and answered fully here many, many times. Using the system you accessed would have provided the answer immeadiately. But as a courtesy...here's the long and short: There are no laws there are no restraints about buying anything after BK. However, maybe one reason you have had trouble with finances is you don't appreciate that until you pay for something, you haven't bought it. So buy a house...no problem...get a mortgage or loan to do so...ain't gonna happen for sometime!

It is property "seized" by the government for non-payment of taxes or in satisfaction of a tax lien. It can either be converted to government use or sold at auction to raise revenue.

Yes.

Both are under the public records section.

Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one.

Absolutely. Your credit score affects all aspects of lending...approval/interest rate etc. If a bank/creditor sees that you have forclosed on a home, they will be less likely to lend you money especially unsecured money like for a student loan.

A small claims court judgment stays on your record permanently unless it is satisfied, then it will probably still be there but show satisfied. Most people do not look at a judgment if it is over 7 years old.

They can only sell their rights to the property. Which only last as long as they live. No one would accept a mortgage on a life estate.

Laws vary from state to state. However, if you haven't made your mortgage payments for several months, the bank is likely to repossess your home. Generally the time period is up to the lender, but once the paperwork goes through--you will receive notices if your mailing address is up to date-- you should expect short notice that you are being evicted. Evading receipt of the paperwork does not change matters. Long story short, the best thing to do if you cannot make payments is to have a serious discussion with the right person at the lender--the servicing company is not necessarily the place for real help. See related link for definitions of terms.

the seller holding mortgage

You can take anything IN the house, that you brought in when you purchased it, ie. furniture, drapes, etc. You cannot take anything that is attached to the house, ie. light fixtures, doors, windows, ceiling fans, etc. If it would decrease thevalue of the house by taking it, leave it alone.

No. You cannot withdraw $20,000 from the bank without notice. You must give the bank 7 days notice to withdraw a sum of this size. This is to ensure that the bank will be able to service their other customers. If taking a check rather than cash, it may be possible.

You will be informed by the mortgage company or bank.

Texas allows wage garnishment by the judgment creditor if there are no other means of the judgment holder collecting the monies that are duly owed.

30 days after the auction

The limited liability advantage, however, can be lost if the owners directly engage in the company's management and play an influential role in causing corporate losses.