Real Estate Law

Have Real Estate Law Questions? Ask a Real Estate Lawyer.

Ask a Lawyer,
Get an Answer ASAP!

Real Estate Law

My son has a judgement from the SBA against his condo

Customer Question
My son has a...

My son has a judgement from the SBA against his condo because he got cancer and lost both of his businesses. We have heard that they oftentimes will negotiate the amount but can't find a way to contact them. A friend who is a lawyer said you have to wait until they foreclose and then you can negotiate with them. Is there anyway to know this before we got into foreclosure?

Lawyer's Assistant: Since laws vary from place to place, what state is this in? And has any paperwork been filed?

Washington. No filing yet. He has been working with a non-profit that is going to help him with all of his back payments while he was sick. If he makes 3 payments, then if the SBA wants to collect the money, they will start foreclosure then. We are wondering whether it is worth it to pay these 3 payments or should we just let the condo go. We want to keep it if they would negotiate a reasonable payment. But we can't get ahold of them or a lawyer that would find out for us. The judgment is for $350,000. The condo has equity of $150,000

Lawyer's Assistant: Has anything been filed or reported?

There is a judgment in the courts for him from the SBA. Is that what you mean?

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

What is the fee for this? And I think we would need a lawyer that is knowledgeable about real estate law

Submitted: 1 month ago.Category: Real Estate Law
Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 5 minutes by:
12/27/2017
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago
Legal Eagle
Legal Eagle, Lawyer
Category: Real Estate Law
Satisfied Customers: 8,386
Experience: Licensed to practice before state and federal court
Verified

Hello! I am a licensed attorney, admitted to practice in state and federal court. I have a nearly 100% satisfaction rating (click here for more info) so all that means is that you can count on me to help today. Because I want to provide you with the most accurate answer possible, do you mind if I take a moment to review your question?

Please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

Thanks for your patience. If I may clarify, you're saying the small business administration has a judgment against your son and you're saying that they may foreclose on his home if he doesn't make payment soon, correct?

Ask Your Own Real Estate Law Question
Customer reply replied 1 month ago
I just talked to my son. Due to cancer, he has gone through a bankruptcy and it now discharged. He got a loan modification What we need to know is how to find out what liens/judgments are on his condo and how to either have them removed or negotiate with the parties. It is time sensitive as he has gone through a loan modification process and needs to know whether to keep the property and make the payments or let it go now.
Customer reply replied 1 month ago
I don't want to call as I am not sure you can help me. My son said forget the SBA. Just focus on asking how we find out what leins are on the property and how to negotiate with them.
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

Thanks for clarifying. Have you contacted a title search company to search for potential liens and judgments?

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

Oh, that’s not a problem with the phone call. The system automatically asks if you want one, but there is no problem declining the request.

Ask Your Own Real Estate Law Question
Customer reply replied 1 month ago
WE had a friend do that and he said there are two judgments on it. Not sure why my son asked to find out if there are more. Mainly what I want to know is how to get a hold of them to negotiate before he starts making all of these monthly payments only to lose the condo. Because of cancer his funds are very limited.
Customer reply replied 1 month ago
We have tried to get a hold of the SBA with no luck.
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

I see what you mean. If you don't mind, could you briefly describe what they told you or why they couldn't help you?

Ask Your Own Real Estate Law Question
Customer reply replied 1 month ago
WE haven't even been able to get a hold of them. The bank whichhe got the SBA loan from won't even return his calls and emails. He finally went over to the bank and they said he had to talk to the SBA representative and they didn't know when he would be there again.
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

Interesting. Unfortunately, I don't know have any special insight on how to contact these organizations. It could be a variety of reasons such as low funding or just ineptitude. They're not immune to it at all. As far as whether your son should just let them foreclose, it's probable that maybe he should. The reason is because a) if they are not very good at responding to calls, he may be able to save himself payments for a little while longer and b) once they start sending foreclosure notices, he may be able to find the exact department to contact about the matter to possibly work out a deal. Does that make sense?

Ask Your Own Real Estate Law Question
Customer reply replied 1 month ago
I think this is too complex to have you be able to help. I am assuming this is a free trial. How long does the trial last
Real Estate Lawyer: Legal Eagle, Lawyer replied 1 month ago

Hi, it may be too complex for me to help. I don't know if I have all of the information to assist you adequately and this seems to stretch back several years as well. You may need to consult a local attorney about this and explain your situation in more detail. I want to encourage you to take advantage of an in-person or telephone call as well because the matter may be too nuanced to handle through simple chat features like this. Let me opt out and let another expert potentially take over. Thanks.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Phillips Esq., Attorney-at-Law replied 1 month ago
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Real Estate Law
Satisfied Customers: 20,603
Experience: B.A.; M.B.A.; J.D.
Verified

Hello: This is Phillipsesq. Welcome to Justanswer! I will be further assisting you with your post.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Phillips Esq., Attorney-at-Law replied 1 month ago

I am sorry to read about your difficulties.

I used to work for the SBA and may be able assist you with the post.

Ask Your Own Real Estate Law Question
Real Estate Lawyer: Phillips Esq., Attorney-at-Law replied 1 month ago

The bank he obtained the loan from should be more helpful. The bank should be able to provide him with contact information for the loan specialist at the SBA to assist him. Otherwise, he needs to go to SBA branch that wrote the loan and ask for assistance. Here is the contact information for all the SBA's Regional Offices.

As for the other liens and Judgments on his condo, he would need to contact those companies or pull his credit reports to get the information. He can get a copy of his credit report from each of the three main credit reporting agencies at no charge by using this link. Incidentally, he may also get the SBA's contact information from his credit report.

Goodluck with your case,

A positive rating to my response is appreciated so that I can receive credit for responding to your post. There is no additional cost to you for giving a positive rating.

Thank you for your cooperation.

Ask Your Own Real Estate Law Question
Was this answer helpful?
Ask Phillips Esq. Your Own Question
Phillips Esq.
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Real Estate Law
Satisfied Customers: 20,603
20,603 Satisfied Customers
Experience: B.A.; M.B.A.; J.D.

Phillips Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Tina

Tina

Lawyer

5,436 satisfied customers

17 years of legal experience including real estate law.

Barrister

Barrister

Lawyer

11,126 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

7,785 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

7,559 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,207 satisfied customers

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

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,925 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

< Previous | Next >

Related Real Estate Law Questions
Does a real estate investment fund need a real estate
Does a real estate investment fund need a real estate license to operate? The crowd funding company's real estate broker license was suspended since 11/11/2017 due to several violations that was broug… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I have a California Real estate attorney question ..... On
I have a California Real estate attorney question .....On the attached photos it shows in the highlighted areas that the property purchased on 11/26/14 by Turturici living trust is held as a grant dee… read more
Ray
Ray
Lawyer
Doctoral Degree
7,559 satisfied customers
If you cancel a real estate purchase contract before
If you cancel a real estate purchase contract before settlement, even if you have no contingency can you be sued for additional funds other than the your the money you gave after the contract signing.… read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,599 satisfied customers
A lawyer was recommended by the real estate agent and hired
a lawyer was recommended by the real estate agent and hired by the sellers. Three days before closing the deal fell apart. a new agent is now involved. He would like a lawyer of his recommendation to … read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,599 satisfied customers
At a real estate closing today, I was asked to initial a
At a real estate closing today, I was asked to initial a page I had already signed. What is the legal precedent for requiring one to initial a page which one has already signed?… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I have a question for terminating commercial real estate as
Hi - I have a question for terminating commercial real estate as a tenant in Manhattan, NY. … read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
Can a licensed attorney receive a portion of the real estate
Can a licensed attorney receive a portion of the real estate commission if he represents his client in the purchase of a home? … read more
Infolawyer
Infolawyer
Lawyer
Doctoral Degree
7,785 satisfied customers
Florida Real estate question. If two parties are joint
Florida Real estate question. If two parties are joint owners each having sole survivorship, how is distribution of funds handled at settlement? Is regardless of who has more or less into the home or … read more
Ray
Ray
Lawyer
Doctoral Degree
7,559 satisfied customers
This is for a lawyer specializing in Consumer /Real Estate
This is for a lawyer specializing in Consumer /Real Estate law. I lost my job due to a disaster (hurricane), that destroyed my workplace. I would like know my rights and options before talking to the … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
If someone is deeded a real estate or mineral interest as a
If someone is deeded a real estate or mineral interest as a LIFE ESTATE and it states in the deed that the Grantee can not sell any of the assets so deeded to him, is there any way the Grantee can ove… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
How to get rid of a real estate in Colorado to avoid
How to get rid of a real estate in Colorado to avoid property tax? ================================================I live in Texas. I have a 2 Acre land in the Colorado country, Forbes Park area, Sout… read more
Barrister
Barrister
Lawyer
Doctoral Degree
11,126 satisfied customers
We need an attorney familiar with Connecticut real estate
We need an attorney familiar with Connecticut real estate law. We were in the process of buying a condo when we found an apartment we'd like to rent. We're using dotloop. I haven't signed the agreemen… read more
Barrister
Barrister
Lawyer
Doctoral Degree
11,126 satisfied customers
How does the statute of limitations on real estate property
How long does the statute of limitations on real estate property tax in Kentucky remain in effect? I inherited property from my parents who inheritied property from my uncle who purchased the property… read more
Phillips Esq.
Phillips Esq.
Attorney-at-Law
20,603 satisfied customers
If a real estate agent is aware that a rental property has
If a real estate agent is aware that a rental property has had rats that were exterminated, must this info be given to a prospective renter? … read more
Barrister
Barrister
Lawyer
Doctoral Degree
11,126 satisfied customers
Got disconnected... In re: to my real estate questions, is
Got disconnected... In re: to my real estate questions, is this attorney a Texas attorney? … read more
Asad Rahman
Asad Rahman
Attorney
J.D.
2,347 satisfied customers
Is cold calling still legal for real estate agents?
is cold calling still legal for real estate agents? … read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I need a real estate lawyer who knows real estate in Oregon
I need a real estate lawyer who knows real estate in Oregon I need a lawyer who specializes in real estate law in the state of Oregon. I am quitting my current property manager and I will be managing … read more
Irwin Law
Irwin Law
Juris Doctor JD
7,119 satisfied customers
I have a real estate question related to Florida Real Estate
I have a real estate question related to Florida Real Estate law. … read more
LegalKnowledge
LegalKnowledge
Juris Doctor
28,599 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x