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From the Blog
Understanding General Guidelines for Loan Underwriting: Bankruptcy, Foreclosure, Pre-Foreclosure, and Short Sales
One of the most FAQ’s I receive is “How soon will I be able to get a home loan if I file for bankruptcy, let my house go to foreclosure, execute a deed-in-lieu of foreclosure, or agree to a short sale? The following may assist you in understanding general guidelines...
Does a 1099-C Waive the Lienholder’s Right to Sue on a Deficiency?
Attorney Robert Noggle has researched this question and found that the Indiana Court of Appeals in Leonard v. Old National Bank Corp. Nov 21, 2005, held that “bank’s filing of Form 1099-C in response to borrower’s bankruptcy proceeding did not operate to cancel...
Asset Protection
Nevada Revised Statutes Chapter 21 sets forth the state law governing ENFORCEMENT OF JUDGMENTS – assets that can be executed upon and those assets that are exempt from execution. You need a knowledgeable attorney on your team of “trusted advisors” who “really”...