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Related Real Estate Law Questions
We are in the process of requesting a loan modification or
We are in the process of requesting a loan modification or short sale of our home due to health issues and expense. We are not currently behind on our mortgage and have been told my a realtor we shoul… read more
Richard
Richard
Owner
Doctoral Degree
56,611 satisfied customers
the original mortgage was set up without an escrow account.
the original mortgage was set up without an escrow account. a couple of years ago they set up an escrow account and increased our payment by $200.00. can they do that with asking us. i was not asked i… read more
LawTalk
LawTalk
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How can we get out from under our primary residence in california
How can we get out from under our primary residence in california with the least financial consequences, foreclosure? Abandonment? House appraised at $245000, first at $170000, second at different ban… read more
LawTalk
LawTalk
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While my Mother was diagnosed with CLL as well as having an
While my Mother was diagnosed with CLL as well as having an open heart surgery, I moved her into our home. My best friend's husband who is a lawyer told me for financial purposes to let her condo fore… read more
Phillips Esq.
Phillips Esq.
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We own a single family home in which we reside in Connecticut.
We own a single family home in which we reside in Connecticut. Our mortgage is with Chase - my wife recently lost her job (and is collecting unemployment) which is causing us to have difficulty paying… read more
LawTalk
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I apologize about that - first time doing this ;) Okay,
I apologize about that - first time doing this ;) Okay, so, my husband and I got a divorce last year. Neither of us make enough money to afford this house on our own. (The bank would agree, as well. W… read more
Loren
Loren
46,594 satisfied customers
My husband and I reside in the state of Maryland. We have
My husband and I reside in the state of Maryland. We have gone through the government modification process and got approved after a very long period of time. We tried last year and they denied us and … read more
Jack R.
Jack R.
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We cannot afford to make our payments as our home is upside
We cannot afford to make our payments as our home is upside down, my husband lost his job and has now relocated to another state to work (now making our expenses greater than our income). Last month f… read more
Roger
Roger
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My condo is appraised for 330K, mortgage is 365K. I am trying
My condo is appraised for 330K, mortgage is 365K. I am trying to pursue short sale or deed in lieu of foreclosue. At this point, there is a potential buyer, but the price offered is 250K, which might … read more
Loren
Loren
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Im currently dealing with a real estate agent who specializes
I'm currently dealing with a real estate agent who specializes in short sales in Northern Virginia. We got a buyer and submitted all paperwork the end of May. Things are not progressing very fast at a… read more
Isaac, Esq.
Isaac, Esq.
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Doctoral Degree
49,667 satisfied customers
can something be done to save your home if you have recieved
can something be done to save your home if you have recieved a motion for summary final judgement of foreclosure… read more
evanesq
evanesq
Managing Attorney
Doctoral Degree
960 satisfied customers
I am 57yrs old,I have been unemployed for over 2 yrs,ran out
I am 57yrs old,I have been unemployed for over 2 yrs,ran out of unemployment ins. months ago.My wife left 6 mos. ago.She has claimed bankruptcy...still being determined. I have split what was left of … read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
From Utah My husband and I lost our jobs a year ago this month.
From Utah: My husband and I lost our jobs a year ago this month. Although he is re-employed, we cannot afford the house. I am receiving about $8000/mo. in severance pay, which has enable us to keep cu… read more
Tina
Tina
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My wife has a town home that she bought before we were married
My wife has a town home that she bought before we were married (last year). We are living in my house but still have been making payments on her townhouse. She still owes 138,000 but the market is sho… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
We live in Texas, find that we have an investment property
We live in Texas, find that we have an investment property we can no longer carry and don't know whether a short sale is an option for us. To prove hardship, we can explain that we've lost over 50% of… read more
lwpat
lwpat
Doctoral Degree
6,615 satisfied customers
If I accept the banks offer of a Deed In Lieu, regarding the
If I accept the bank's offer of a Deed In Lieu, regarding the 1st mortgage, what options do I have to protect myself from being sued for the balance left on a 2nd - or HELOC? We have Short Sale ready … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
29,657 satisfied customers
We are upside down on home mortgage vs value. Additionally,
We are upside down on home mortgage vs value. Additionally, we don't have income to pay the mortgage and expenses, as we have lost a source of income. If we walk away, can or will the mortgage holder … read more
Ray
Ray
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Doctoral Degree
10,979 satisfied customers
My husband owns some property in galvestion texas. The ...
My husband owns some property in galvestion texas. The property in his name. He would like to foreclose on this property. It has lost over 50% of it's value since we have owned it. We have money in th… read more
legaleagle
legaleagle
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Doctoral Degree
7,048 satisfied customers

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Meet the Experts:

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Barrister

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I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

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P. Simmons

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ScottyMacESQ

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LawyerWriter

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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