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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Property"

How do I file a foreclosure on a property?

I am a lien holder on a property and the person who is buying the property has not paid their taxes and is always late on the payments? Is there a form I can fill out to start the foreclosure process? I live in Harris County, Houston, Texas. Thank you. … Read entire article »

Filed under: Foreclosure Help

What happens to a tax lien if the property goes on foreclosure?

Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien? You mean the person that purchases the home is the one paying for the pending lien? … Read entire article »

Filed under: Foreclosure Help

How will my life really change if I go thru foreclosure on an investment property?

My husband and I will still have 6 investment properties and the house we live in. Our credit score right now is 744. We’re in our late 30s. We’ve never had any debt and have never had trouble getting a loan. So what will life be like after foreclosure? … Read entire article »

Filed under: Foreclosure Help

What does it mean, as a tenant, that my landlord’s apartment property is in receivership?

Will they kick everyone out, raise the rent, and other issues … Read entire article »

Filed under: Insolvency

Will I Lose My Personal Property If I File Bankruptcy?

Bankruptcy attorney with a general response on personal property exemptions when filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Brim Law, LLC 300 Colonial Center Parkway Suite 100 Roswell, Georgia 30076 (678) 353-3350 www.brimlawfirm.com GENERAL DISCLAIMER: The information provided in this video or on our website is not, nor is it intended to be, legal advice. For legal advice or counsel you should consult directly with an attorney. Contacting our firm via our website, email, fax, phone or other means of communication does not create a client-attorney relationship. Do not send any confidential information until a formal attorney-client relationship has been established. … Read entire article »

Filed under: Bankruptcy Law

What is this document called? Several years ago, I was refinancing the first mortgage on a piece of property?

that also had a second mortgage on it. The new lender had the second mortgage holder sign a document stating that they would remain in second position. So the second mortgage holder was waiving their right to move into first position. What document is this? … Read entire article »

Filed under: Mortgage Refinancing

I am refinancing. Is it better to pay property taxes on your own, or allow the mortgage compmay to do so?

I think it’s better for me financially to pay them on my own, correct? I used to have the mortgage do it because it’s hassle free. DeeDee, my taxes are paid quarterly. So I would need to have money set aside for when they’re due. Ah, I forgot to add that I have been asked if I am also paying for home insurance on my own. Shouldnt this be done by the mortgage company? … Read entire article »

Filed under: Mortgage Refinancing

Do I Have to Pay Property Tax and Court Fines in a Bankruptcy? Seattle Attorney Eric Engel

www.engellawgroup.com Seattle bankruptcy lawyer Eric Engel answers some questions about costs during bankruptcy. You may wonder if you have to pay property taxes or court fines during your bankruptcy process. You do have the ability to discharge your property taxes, but you must pay your court fines. They can both be paid back during the bankruptcy plan period. The advantage of paying this debt back if you have the ability to pay back over time and at 0% interest rate. Watch the video now to learn more. For more information about bankruptcy law and my firm, visit our educational website at http where we take you through some of the benefits of bankruptcy. If you have legal questions, I want you to call me at (206) 625-9800. I welcome your … Read entire article »

Filed under: Bankruptcy Law

What is the best Internet mortgage company to use when refinancing or purchasing a new property?

Filed under: Mortgage Refinancing

short sale taxes on investment property, proving insolvency?

Hi, two months ago I did the closing on the short sale of an investment property I used to own. Prior to sale of the property, my net worth might have been about $10K in assets & $20K in a 401K account. The property was sell short by $110K. My question concers the tax liability on this. I think I was insolvent at the time of the closing, meaning that I would owe the IRS on taxes for this year, more than my total assets value. Right after the closing I started investing most of my cash in the stock market and I’ve made a few thousand dollars in profits. Are these post-short-sale winnings going to be affect my insolvency for the sale of the property? I … Read entire article »

Filed under: Insolvency

I own an investment property that is underwater and has negative cash flow. Is there any thing I can do?

It is non-owner occupied and not FHA backed so I do not qualify for HARP, HOPE or any other government program. I had to lower the rents because of all of the vacancies in the area and now the cost of maintenance is becoming an issue. The loan is with Bank of America and they told me the only thing I could do is a short sell. Is there any thing I can do to get my monthly payment reduced? … Read entire article »

Filed under: Mortgage Refinancing

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