Bankruptcy and Foreclosure Defense blog with posts designed to provide helpful information in understandable terms to people facing financial problems by a Connecticut attorney. The failure to knowingly list a transfer may result in the denial of the debtor’s discharge, meaning that there was no reason to file bankruptcy. The second time these homeowners lose is when they lose their home in foreclosure. General Rule: The Sale must be made inside the province in which the property sold is situated.
Furthermore, when considering reaffirmation of a car loan where you may have equity in your car you need to review in depth with your attorney the advantages and disadvantages before going forward with reaffirmation. Probably, homeowners also labor under a delusion that their homes will quickly return to value.
Be published weekly in a newspaper of general circulation in the county where your home is located for 3 consecutive weeks before the sale date. Nobody on the planet does a better job of examining the mortgage and foreclosure related documents and preparing a report that any competent attorney can use to demand a settlement from or sue the lender.
This means you won’t have a foreclosure on your credit history and you may qualify for relocation assistance to ease your transition to new housing. The execution of a deed to land as security to a promissory note places no legal duty on the creditor to proceed first against the security, even though the deed contains a power of sale.
Three types of foreclosures may be initiated at this time: judicial, power of sale and strict foreclosure. It’s not really the foreclosure problem that the President and Congress are worried about. If your home goes through foreclosure and sells for less than owed, there is a deficiency.