Real Property Legal Questions and Answers
Is it Possible to Redeem Commercial Property in a Foreclosure in Alabama?
On a vacant or unused piece of property being foreclosed on due to default on a commercial loan does the owner still have the one year right of redemption to buy the property back at the auction price in the state of Alabama?
04/15/2010 | Category: Real Property » Foreclosure | State: Alabama | #21796How Do I Stall a Foreclosure in Florida?
Me and my wife have been living in a rent to own house and our landlord/debtor has not made payments for 7 months although we have made 5 of the last 7 payments to him. We received a summons on 3/25 requiring us to respond in 20 days in written form and I would like to know what to put in in the letter to buy us a little time.
04/11/2010 | Category: Real Property » Foreclosure | State: Florida | #21742In Oklahoma how do I respond to a Notice of Default so I can stop foreclosure?
I need a response letter for a notice of default on a mortgage in Oklahoma. We have had an audit done and are in the process of trying to get our mortgage modified. The audit showed many law violations during the purchasing process. I need to respond ina way that stops the court proceedings. Do I need a 'Notification of Discovery Servie' letter for Oklahoma as well?
04/09/2010 | Category: Real Property » Foreclosure | State: Oklahoma | #21726In Colorado, can I ask my mortgage company to take a deed in lieu of foreclosure?
In August 2008 I had to move from my house. I had not made payments since Dec 2007 and my wife had just died a year prior with a 60% loss of income, I could not keep up with escalating mortgage payments. The house was supposed to be sold by courts the last week of August 2008. That sale has still not taken place and I am still on the hook for the home owners dues, taxes, and ...
04/08/2010 | Category: Real Property » Foreclosure | State: Colorado | #21723How Can I Avoid Foreclosure in Montana?
My son is in the military and is behind on his mortgage payments. He owes 162,000.00 on a property worth about 140,000.00. There is a first and second mortgage on the property. If this is foreclosed on will he be liable for what is not paid off with proceeds from the sale? This property is in Montana. He is also considering bankruptcy but this would be his last choice. He is ...
03/31/2010 | Category: Real Property » Foreclosure | State: Montana | #21619Can a Lender Still Collect After a Cancellation of Debt and 1099 Was Given?
I lost my home in Calif. to foreclosure in 2008 and received a 'Cancellation of debt' and the 1099 stating the cancellation amount from the mortgage co. , the property was sold sometime in late 2009. Yesterday I received in the mail a notice that the my old mortgage co. had sold my old account to another firm in Texas and they are trying to collect on the old loan. Can they d...
03/16/2010 | Category: Real Property » Foreclosure | State: California | #21421Can a Deficiency Juudgment Be Obtained in a Massachusetts Foreclosure?
You say that California has an anti-deficiency statute. A comment from a 'Massachusets user' says ' I can sleep better tonight.' But, does Mass. have the anti-def like Calif??
03/15/2010 | Category: Real Property » Foreclosure | State: Arizona | #21407Can we foreclose and if we do does the buyer by Indiana law have the right to keep a portion of the land for what they have paid for?
My father sold on contract our farm in Indiana to be paid by annual installments @ 7% interest. My father passed away and the buyer hasn't payed anything for 2 1/2 years to his estate. The question is: Can we foreclose and if we do does the buyer by Indiana law have the right to keep a portion of the land for what they have paid for? In the contract it is stated that the buye...
03/12/2010 | Category: Real Property » Foreclosure | State: New Jersey | #21368How do we response to lis pendens on our home that is facing short sale in Florida?
Can I answer a lis pendens MYSELF (for foreclosure) on vacant property I own. I am only trying to stall the bank because I have a signed contract for a short sale on the property. I am only waiting for the bank to accept. Can I get the forms I need on this site?
03/12/2010 | Category: Real Property » Foreclosure | State: Florida | #21365Am I liable in a foreclosure action when I did not sign the promissory note?
My Ex wife is being foreclosed on her home. I was still on the deed so when she refinanced it I had to sign off on it but did not sign the promissory note. I have since been deeded off the property. Can they still find a judgement against me? (Florida)I have been listed in the complaint.
03/04/2010 | Category: Real Property » Foreclosure | State: Florida | #21258