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I have a second home in foreclosure, I am current on my primary
I have a second home in foreclosure, I am current on my primary residence and all other obligations. I have drained all of my assets paying two mortgages for several years and now do not have enough i… read more
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Is there any difference in the credit hit one can expect to take between a short sale and a foreclosure? I have done much research and determined that the house we are selling is in a non-recourse sta… read more
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I am doing short sales in Rockville, Maryland area. The first
I am doing short sales in Rockville, Maryland area. The first mortgage approved my mortgage but the second mortgage try to ask me to pay 100% before they approve my short sale process. What should I d… read more
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What are the financial implications of a property being foreclosed? Other than the bank assuming ownership of the property and the adverse effect of the foreclosure on your credit score does the lende… read more
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I co-signed a loan on a home for my son. If the property goes
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I am debating on walking away from my mortgage. I owe aprox
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My mortgage is more than my rental property market value (house
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IF I LET MY RENTAL HOUSE GO INTO FORECLOSURE.CAN THE BANK TRY
IF I LET MY RENTAL HOUSE GO INTO FORECLOSURE.CAN THE BANK TRY TO GET THE DIFFERENCE THAT IT IS SOLD FOR AN WHAT IS OWED ON THE MORTGAGE.CAN THEY COME AFTER ANY OF MY ASSETS,THAT I OWN?… read more
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I have a lot in SC that is underwater. What would consequences
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I live in NY and am upside down on a condo mortgage held with
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I purchased a home back in 2005 in california that I now want
I purchased a home back in 2005 in california that I now want to 'let go'. I recently purchased another so I want to immediatley get rid of the first one. What is my best choice for me . Can I apply f… read more
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Is North Carolina a non-recourse mortgage state. If you lose
Is North Carolina a non-recourse mortgage state. If you lose your job and are unable to pay the mortgage, what options does the lender have.… read more
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I have MS and it has affected me mentally and physically. I ...
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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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Meet the Experts:

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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

P. Simmons

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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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