Sep
8
Foreclosure Buyout Ohio
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Sep
8
Judgement Foreclosure By Sale
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After foreclosure, what are the options for excess second mortgages (purchase price) will not be paid?
If a house rule (low value) and the second mortgage is not fully satisfied with the auction house, then the second mortgage holder may (sometimes not do) take one to court and file a statement. My question is, what are the options for dealing with this? Chapter 7 I know you can, but what about Chapter 13? Is it acceptable for a charge which could be from 50-100K? Any legal advice would be great, is for a friend.
Hello, doing Howy. The options for dealing with the statement that the second mortgage lender has in chapter13 consumer bankruptcy is by his lawyer to do, what state New York we call a pond "movement." This means that the lawyer asks the court to recognize that the mortgage debt is the way out of proportion with the value of the house, and (while the debtor is resolved the payment of arrears and the first previous mortgage payments through the Chapter 13 plan) the Court makes second mortgage to another unsecured creditor (which means no longer have a stake in the house) and then as an unsecured creditor gets what proportion payment of the debt to other unsecured creditors get (could be 10%, could be 100%, depending on your plan). I do not know how much you know about bankruptcy. In a chapter 7 of a little more complicated, depending on whether you want to keep the house or not, and then the helmet exemption comes into play. Contact me if you have more questions through from yahoo or call a bankruptcy attorney.
Sep
8
Foreclosure 1375 Charbonier
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Sep
7
Us Bank Foreclosures List
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Why real estate agent told us a price that is less than 2k list price?
We have been looking at this house for two weeks. We are in the process of placing an offer. Today I realized that appears in the newspaper for 2.9k more. Why is this? The house is owned by the bank (lock mail). Even talked to him on Thursday and talked about my plans to offer 4k less than the original amount .. but now it is 2.9k?
They do not depend advertising as evidence that they never read real estate advertisements as they should. Place your bid as you have it. Have you been pre-approved by a lender or paying cash? It makes a difference when it comes to property belonging to banks. They may have other offers that you have to take into consideration as well. In my house there were two offers on the table, but I went ahead and put an offer on the house and got. How? The other two bids were lower (I had to give a complete price offer for it to work) and had not been approved for a loan and that was to come with an investment company. In fact the house very lucky only needed paint and carpet, but I upgraded the aircraft and was seriously considering flipping instead of keeping it for myself. I decided to keep it. The compositions in the area were $ 146,000 to $ 167,000. I paid $ 114,500 and now the house is estimated at $ 146,500, with a smaller house two doors down from sale of $ 178,000. What I'm trying to say is to go as originally planned and not pass this opportunity up.