I am unemployed and cannot pay the mortgage payments. I have the home on the market but it will not sell for the loan amount. I was thinking of giving the 1st mortgage holder (80%), a deed in lieu of foreclosure. Will the second mortgage holder (20%) be able to get any money or be able to file a judgment against me as home owner? I live in the State of Arkansas.
Posts Tagged ‘judgment against’
What happens with the 2nd mortgage when I give the 1st mortgage holder a deed in lieu of foreclosure?
Thursday, July 15th, 2010Foreclosure…bank seeking judgment on Home Equity Line of Credit?
Monday, November 23rd, 2009I was told by my real estate agent that if I did a short sale or foreclosure on my home in Arizona, that both the first mortgage and Home Equity Line of Credit (taken out 9 months after home purchase) would both be relinquished in a short sale or foreclosure. Because the house had dropped significantly in value and half the lots were vacant from owners doing the same thing, I decided to proceed with the short sale. It wasn’t approved and went into foreclosure. Now the bank is pursuing judgment against me to garnish my wages. Unfortunately, I can’t afford to retain an attorney. Is this a case I can win, even if I represent myself in a civil suit against this realtor? I also have email documentation asking him specifically how both loans would be treated. He responded with "Don’t worry, I have it!" I also have a witness to him telling me this verbally. According to the anti-deficiency laws, the second loan is not forgiven because it’s Non-Purchase Money, is this correct? Also, I’m wondering if I have a strong enough case to pursue this in civil court, representing myself.
Related ‘judgment against’ sites :
| Default judgment: West's Encyclopedia of American Law (Full ... Default Judgment 1. A Judgment against defendant who has failed to respond to plaintiff's action or to appear at the trial or hearing www.answers.com/topic/ | |
| Judgments: Removing a judgment from your credit reports Removing a judgment from your credit reports: Steps on how to legally remove a judgment from your credit reports including dealing with the judgment creditor and the ... www.carreonandassociates.com/ | |
| NEDAP - Defending Creditor Lawsuits If the judgment is against you, it will state how much money you owe ... A "judgment creditor" is a creditor or debt buyer that has obtained a judgment against a ... www.nedap.org/hotline/ | |
| The Small Claims Court, A Guide to Its Practical Use ... A judgment isn't automatically awarded against a defendant who doesn't come to ... Setting Aside a Judgment Against a Party Who Didn't Come to the Hearing ... www.dca.ca.gov/publications/ | |
| Can A Payday Loan Company File a Judgment Against You? Did you know that a payday loan lender can file a judgment against you? Find out what you can do about it to avoid legal action. powerpaydayloan.com/ | |
| judgment - definition of judgment by the Free Online ... Information about judgment in the free online English dictionary and encyclopedia. ... against one's better judgment contrary to a more appropriate or preferred course of ... www.thefreedictionary.com/ | |
| Judgment Creditor: West's Encyclopedia of American Law (Full ... Judgment Creditor Creditor who has obtained against a debtor a Judgment through which the creditor can obtain the sum due him www.answers.com/topic/ | |
| Debt: Fight back against debt collectors, statutes of ... Debt: Statute of Limitations on collecting judgments ... When a creditor obtains a judgment against you, he has several options to choose from to try and satisfy the judgment: ... www.bcsalliance.com/ | |
| SEC Obtains Summary Judgment Against Four Defendants in CMKM ... Final Judgment of Permanent Injunction Against Defendant CMKM Diamonds, Inc. ... On April 21, 2008, the court entered a final judgment against CMKM Diamonds, Inc. ... www.sec.gov/divisions/enforce/ | |
| The Judgment against Hakan Lans - A Planned Judicial Crime? But the judgment was also remarkable since it was the sole result of a process ... same month, we remember, the judgment against Lans in the American color ... www.mobergpublications.se/ | |