Debts and Credit Legal Questions and Answers
If I execute a Quit Claim Deed to the Mortgage Company am I still liable for the debt?
If I execute a quit claim form to the mortgage company will I be liable for the balance on the mortgage?
04/29/2009 | Category: Debts and Credit | State: ALL | #16425What are my legal rights when served a summons for a hospital bill?
I was just served with a Summons for $1,139 from a local hospital. This account had been turned in for collections and I had been paying, as agreed, until I began getting harassed by another collection firm on this same account. I contacted the original collection firm, twice, asking them what was going on. Each time I was told they would get back to me and I never heard from...
04/29/2009 | Category: Debts and Credit | State: ALL | #16403Is it legal for the owner of the building to publically post notice of past due fees?
I am currently renting a condominium in a high-rise building with 220 units. The monthly condominium payment is $210.00. The owner constantly pays the condominium fee several months late. The new building manager has started a policy of posting a list of the unit number and the amount past due. The list is posted in the public hallways, at the reception desk, and in the elevat...
04/29/2009 | Category: Debts and Credit | State: ALL | #16387What is the definition of Holder in Due Course in New York?
A payroll service called about a check they cashed after a stop payment was issued because the check cashier claimed he did not receive it so we issued a replacement check for the same amount, but he cashed it anyway and the new check is not stale yet. Is the service in NY really an innocent holder in due course?
04/29/2009 | Category: Debts and Credit | State: New York | #16376Can Sallie Mae put a lien on mine and my wife's home due to a loan for my daughter's education?
According to the Arizona Homestead Act, residents are exempt from liens and forced sales up to $150,000. Our property's value right now is about $400,000. Sallie Mae may come after my wife since she co-signed for a student loan for our Daughter. Our Daughter has been unable to pay this ($850/mo) and we are reaching a point where we cannot either. The outstanding loan amount is...
04/29/2009 | Category: Debts and Credit | State: Arizona | #16360Can I still be reseponsible for credit card debt that the company wrote off?
Can I be forced to pay a credit card company's write-off of my old account now in possesion of a collection company that bought the credit cards write-off account?
04/28/2009 | Category: Debts and Credit | State: ALL | #16329Am I responsible for my father's hospital bill if I signed the Authorized consenter section?
My Dad is admitted to hospital last week. Since he was in serious condition, they took my signature in the Authorized consenter section. Patient is unable to consent because: Pt. med condition. I therefore consent for the patient. Now my question is, am I financially responsible for his hospital stay if he is unable to pay for the bills? Can they make me liable because I signe...
04/28/2009 | Category: Debts and Credit | State: ALL | #16311What are my daughter's options for her marital home if her ex husband is filing bankruptcy?
My daughter who is 36 years old recently was divorced. She and her husband were joint owners, and joint signers on the mortgage for the house. They owe about $150,000 and the house would be worth twice that if the housing market were not so depressed. As a part of the final settlement, she quick-deeded her house to her ex-husband. After a two-year court fight, she ran out of em...
04/27/2009 | Category: Debts and Credit | State: ALL | #16204My mother wants to purchase a home from an annuity, but at her age would her investment be protected
My mother is considering buying a home in Spooner, WI. She would be using money from an annuity. She's is in fairly good health and barring anything unexpected, would live there several years. Our question is: If something were to happen and she suddenly had to go to a nursing home or other care facility, how could her home investment be protected? That would really be her only...
04/27/2009 | Category: Debts and Credit | State: Wisconsin | #16200Can I be held liable for the debt of my deceased mother even though I am not the Power of Attorney?
My mother was in a nursing home in GA. My sister and I were both her responsible parties. My sister was her power of attorney, I never handled any of her funds only my sister had access to them. She misused my mothers funds and ended up oweing the nursing home around $5000.00 she agreed to pay the nursing home owner the money owed, meanwhile I took over as sole responsible part...
04/22/2009 | Category: Debts and Credit | State: Georgia | #16091