Mortgage Broker News

Money Pays The Rent: Debt Colectors Love Foreclosure Deficiency Judgments

Time for underwater real estate investors to cut losses – This is a vacation property that I rent. what you pay is a debt that you – as the borrower – still owe. If the lender is permitted by law to sue you after the foreclosure for the deficiency, you.

How To Tell Debt Collectors To Pound Sand On Old Foreclosure. – 3rd party debt collectors buy bad debt, including deficiency judgments. So, even though they will claim you have to pay the judgment amount plus interest and fees, you don’t have to pay them!! If they want to make you pay, then they will need to validate the debt, and a copy of a judgment is evidence of a debt but not evidence that it is owed.

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What happens if you had a judgment against you but really do. – If you owe money to another base on a personal injury judgment against you then it is really not fair to that person for you to have the debt discharged in your bankruptcy proceeding.

Casey Serin: The world’s most hated blogger? – Because her husband has refused to get a job since January 2006, the couple has been forced to move in with relatives and Galina cleans houses to pay for their food and rent. in debt by buying.

The Rise Of 3rd-Party Litigation Funding – The funder’s share may be calculated from several factors: 1) the sum of money. of distressed debt from bringing claims related to the debt in question.[48] The Court of Appeals answered that the.

Understanding Your Foreclosure Rights | Expert Advice from Credit.com – Deficiency judgments obligate the property owner to repay the. Written claims ( proof of money owed under the mortgage): Lenders also are. If you are really not in default and the debt and interest have been paid on time.. are and how to help protect yourself from debt collection after the foreclosure.

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Short Sale on HELOC – It is a money pit. Since I don’t have a mortgage what are my options. I should add that I’m also $48,000 in credit card debt. Should I stop paying the interest-only payments and let the bank take the.

If I lost My Home to Foreclosure, Will I Owe Taxes on the Fair Market. – Federal tax law says that if your creditors forgive your debt, that's the same as. Act exempts you from paying taxes on up to $1 million of unpaid mortgage debt, or $2. It only applies to your primary residence — if the bank forecloses on rental. nolo: deficiency judgments: Will You Still Owe Money After the Foreclosure?

Merchant Mall :: Discount Prices "It only costs $20 a week and it’s a lot cheaper than if you took out your own ad," said Margie Ghiz, owner of the Midnight Special Bookstore on Santa Monica Mall. "This was a. Independents can.SHOPPING SUPER MALL: January 2007 Lender sets Bangor Mall foreclosure for March 7, big transition looms – LNR already has formed a Maine-based company to handle the mall’s property for it and the loan trustees, according to documents filed Jan. 19 with the Penobscot County Registry of Deeds. The company.

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