Archive for 2015
Posted on: September 21st, 2015
“What happens if you walk away from your house when facing foreclosure? Are you responsible for that debt?”
What happens when you walk away from a mortgage debt — sometimes called a “strategic foreclosure”?
Let’s make sure we are on the same page as to what this means.
You decide to let your house go back to the mortgage company in a foreclosure.
At the public sale, the house will be sold (usually to the mortgage company) and we need… (Read more)
Posted on: September 19th, 2015
“What do I do if Nationstar is showing up on my credit report but I don’t have a mortgage in my name. It’s in my spouse’s name only.”
This is something that we see quite often. It’s when a mortgage company, for example, NationStar, gets a loan and they will start collecting against you even if you are not on the loan.
I’ll use myself as an example. If my wife is the only one on the note, the note… (Read more)
Posted on: September 18th, 2015
“If my bank account is garnished and I have CD’s at that bank, would they be affected by the garnishment?”
The short answer to that is yes. If you’re being garnished (you have a judgment against you) and your bank account is being garnished, then the fact that you have CD’s there, well they’re going to be garnished as well.
Basically, any type of bank account can be garnished after a judgment unless it is any type of exempt funds… (Read more)
Posted on: September 14th, 2015
“What do I do if I have paid a medical bill, but it gets turned over to a debt collector and ends up on my credit report?”
First of all, if you paid the bill and then it goes to a collector, that shouldn’t happen because there’s nothing to send to the collector.
We don’t send zero dollar bills to a debt collector.
So if it has gone to a collector, then something has gone wrong and it may very… (Read more)
Posted on: September 9th, 2015
Foreclosure secrets that your mortgage company does not want revealed
Mortgage companies need for you to not understand your rights when you are facing a foreclosure because if you don’t understand your rights, you won’t stand a chance of stopping the foreclosure on your Alabama home.
But.
If you do understand your rights, and specifically in this article the three secrets, then you greatly increase your chances of success.
Do keep in mind we go into much greater detail in… (Read more)