My home foreclosed and there is a judgment against me. How long can they attempt to come after me for that money? Do I have to declare bankruptcy? What does the mortgage company gain by forcing me into bankruptcy? Is there any advantage to going into bankruptcy? I never took out a second mortgage, how often do mortgage companies come after foreclosures for the remaining balance judgment against them?

The judgment stays, and collects interest until it is paid. If they have to wait until you die and take it out of your estate they will wait it out.

A bankruptcy is unlikely to effect a judgment. This is not a bill, this is a court order, you have their money and a judge has ordered that you repay it.

Looking for target marketing who homes are in foreclosure for direct mailers (Bankruptcy law office)

Just about any title insurance office will sell you a weekly list for any area that you want. These are properties that have a Notice Of Default filed against them.

You must be new in the law business…..I thought every experience lawyer knew that.

My household has had bad financial times for the past couple of years. I ignored my credit card company which I had a debt due, simply because I couldn’t pay them. Until the day after Thanksgiving I received a notice that I was being sued. For a short time, I considered bankruptcy and even saw a lawyer, which advised I should file a reply with the court, which I did, which has put the case on hold.

I finally admitted this lawsuit to my family, and they gathered some money for me to pay 50% of the sum that the attorney’s are saying are due to avoid bankruptcy. However when I called the attorney to discuss they outright refused to take my settlement agreement to their clients. Stating things like "That won’t even scratch the surface" and "We know them, they are very firm and will refuse it" and "There is nobody else here you can talk to."

Does this seem right? I need to know what the debt holders want for a settlement so I can counter-offer. Should I just file the bankruptcy? Get an attorney to talk to the attorney’s? What?

offer him 5 cents on the dollar

I want to buy house that is 45,000 and i have 20,000 to put as a downpayment.
How do I calulate what my monthly payment
would be? insurance and all. also my parentd put a house in both their name and mine and said they would sign over and i could use it as collateral. Im trying to make my payments be 300 a month if possible.

Also, what does foreclosure mean. The house online is empty and this is the foreclosure price.

There are lots of website available according to your needs. If you want to detail information search "Calculate monthly payment" in Google.

We signed a sales contract on to buy an REO property 3 months ago. The delay on the closing is because the seller (bank) needs to get a document signed by the previous owner. The foreclosure attorney has sent the document several times to the previous owner to sign but is not getting anything back.

I am guessing that the previous owner is angry that she lost the house (she is a realtor and bought the house as investment) and is refusing to sign the documents. This game has been going on for 3 months.

What can we do from the buyer’s standpoint to make the sale happen? I know who the previous owner is and where she lives. I cannot believe what she is doing is legal. She is basically obstructing a legal process.

Please advice.

Ernie
I want to clarify a few things: the ex-owner is a realtor but is not representing this property at all. I have no contract with her.

The sales contract we signed with the bank does not give us any benefits or right to charge if the closing date extends. They can charge us a per diem if we fail to close but we cannot charge anything. The contract completely protects the seller (bank)

Sorry but you tell the bank there will be penalties for any more delays of closing date. If the delays were your fault you bet your wallet the bank would be penalizing you. Otherwise walk away.