Real estate blog entries tagged with foreclosure by Marlyn Wiener (Marlyn J. Wiener, P.A.)

Home : Blogs : Marlyn Wiener : Marlyn's Blog : Tag "foreclosure"

foreclosure: Mortgage Modification Agreements: Beware the Bait and Switch - 05/23/08 09:34 PM

I recently reviewed a proposed Mortgage Modification Agreement for a couple whose home is in foreclosure. The homeowners have been trying for over six months to work out a long term loan modification that would reduce the interest rate on their loan, lower the monthly payments and dismiss the foreclosure action. … (6 comments)

foreclosure: HOA Lien Foreclosure - 04/16/08 11:24 PM

Kim - good question. The purchaser at the Sheriff's Sale of the HOA lien will take the property subject to the liens that are superior (ahead of) the HOA lien. This means the purchaser will have to pay the superior mortgage (if there is one) or else the mortgage lender will … (6 comments)

foreclosure: Another Home Lost to Foreclosure of an HOA Lien - 04/16/08 10:42 PM

I continue to be surprised by the general level of misunderstanding regarding the rights of HOAs and Condo Associations to foreclose under liens for delinquent assessments. HOAs and Condo Associations have the right (and many are exercising that right) to foreclose on a lien for delinquent assessments just like a mortgage … (1 comments)

foreclosure: Foreclosure or Short Sale: Reduction in Tax Assessment Not Guaranteed - 02/06/08 09:20 PM

If you are buying a foreclosed property from a lender or a property that is the subject of a short sale, you might assume that your property tax assessment will be reduced to reflect the purchase price you paid. Surprisingly, there is no guaranty that your assessment will be reduced.
As a … (8 comments)

foreclosure: Mortgage Forgiveness Debt Relief Act of 2007 - 01/26/08 06:15 PM

In December, President Bush signed into law The Mortgage Forgiveness Debt Relief Act which will help many taxpayers avoid the double whammy of losing their home in foreclosure or selling their home in a short sale - and finding themselves hit with a significant tax bill for forgiveness of debt income. … (5 comments)

foreclosure: Foreclosure: Your personal liability may not end after the sale - 12/07/07 09:34 PM

I received a question today regarding continuing liability after a home has been lost to foreclosure. The homeowner wanted to know if they could not make the mortgage payment and lost the home in foreclosure, would they have any further liability. The answer is - they might have significant continuing liability. Under … (10 comments)

Related Links: