May 22, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Foreclosure & Divorce
Yes, but only if you have full and documented authority to act on behalf of your ex-spouse. While Divorce Decrees often call for the transfer of marital homes to one spouse or the other, this does not separate the transferring spouse legally from the mortgage holder. That legal connection still continues with the bank, regardless of the Divorce Decree, meaning that the bank won’t adjust or address any mortgage problem without the consent and active participation of the ex-spouse – A condition that can be fatal to any efforts to speak with or modify your mortgage after your divorce.
To properly protect your future, obtain a fully documented Power of Attorney before the end of your divorce action. This will allow you complete authority to control the full interest of y our house and negotiate with your mortgage holder far into the future without any consent or involvement from your ex-spouse. Read more about Divorce and Bankruptcy Proceedings
May 22, 2020 | Frequently Asked Questions, Frequently Asked Questions About Bankruptcy, Frequently Asked Questions About Chapter 11, Frequently Asked Questions About Chapter 13, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Foreclosure Legal Options
The automatic stay will put an immediate stop to:
Any court actions
Any phone calls or contact
Wage garnishment
Bank levy
Property repossession
Attachments
Foreclosure
Lawsuits and judgments against you
The filing of a case in Connecticut will immediately stop all collection efforts on legal action in any state or jurisdiction throughout the country.
Read more about the Bankruptcy process here
Mar 15, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Foreclosure Legal Options
The short answer is yes, absolutely. All bank mortgages require the borrower to pay all costs and fees of collection. So you pay for the lawyers who are taking your home from you and your family. This includes interest, late fee’s, sheriff’s costs, inspections, appraisals, mailings, court fees and all types of other hidden fees and costs. Stop paying the bank’s attorney and get counsel that works for you.
Mar 15, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Foreclosure Legal Options
They are large offices that specialize in processing thousands of foreclosures in CT each year through a bulk, streamlined process that focuses on moving foreclosures promptly based on profits and fees. These foreclosure firms moved cases in bulk with the least possible time and effort expended in an effort to increase profits and take your home. The two major mills in Connecticut are Hunt, Liebert, Jacobson, P. C. and Bendett and McHugh, P.C. These two multi-state foreclosure factories control the majority of all foreclosures in Connecticut.
Mar 15, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Mortgage Payments
Re-modification is a painful and difficult process for a number of reasons, and should be avoided at all costs. Seek professional assistance for legal alternatives available to avoid remodification. Fixing a mortgage modification through other alternatives is a much better choice than seeking to remodify, for a number of reasons:
1. Re-modification often involves a completely new modification application and an incredibly slow and laborious process even if you still have the same bank.
2. No bank likes to remodify a mortgage that they’ve already fixed once before.
3. Re-modification is an exceedingly slow process that creates large back balances and past due arrearages.
4. Mortgages change hands so often that re-modification often involves an entirely new bank or servicer.
Various state and federal laws protect defaulted mortgages and reinstate good modifications. We’ve fixed hundreds of broken Connecticut mortgage modifications.
Mar 15, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Mortgage Payments
There really is no advantage to paying on a second mortgage if you aren’t paying on the first mortgage. But you always need to be sure that you are saving the money you didn’t pay to the second mortgage or the first mortgage holder.
Read more about which mortgage to pay during Mortgage Modification.
