Connecticut Foreclosures Legal Questions

I am a bankruptcy lawyer so this caught my attention but I don't see why it has be put in this category.  Contact the attorneys and find out who they represent now and how this is being managed.  Hire an attorney if you need assistance.  Please feel free to contact us 203.870.6700.... Read Answer

No, that will not stop the foreclosure. You need a payoff number which will include their attorney fees and court costs and other penalties.  Your best bet is to hire or at least consult with Foreclosure Defense counsel.  Make sure you find an experienced foreclosure defense attorney who can possibly get you into mediation and/ or a plan.  You might also consider a Chapter 13 bankruptcy which forces the bank into a payment plan and stops the foreclosure case immediately. My office focuses on both of these areas of law. Please feel free to contact us at 203.870.6700.... Read Answer

First you have to file a partition action on the property to seperate your competing interests in the property. After that you will have the option to pursue other remedies to make yourself whole.  My firm handles files like this very regularly and has a great deal of experience in this type of matter.  Please feel free to contact us for further assistance. 203.870.6700. Good luck.... Read Answer

This is too complex a situation to advise by way of email or text. My office has a focus on bankruptcy and could assist you, but we need more information and probably would want to have a meeting to go over all the details. Please feel free to contact us if you would like to schedule a meeting.... Read Answer

We may be able to help. We are experienced foreclosure defense attorneys who deal in mortgage work outs regularly. However, it sounds as if time is of the essence. I would urge you to contact my offices today so we can discuss this matter and plan next steps accordingly.  Our number is 203.870.6700... Read Answer

The bank has no automatic right of the seizure of any assets for the deficiency in a foreclosure sale of a home. This does not mean that they cannot go to court and obtain a court order to seize assets in conjunction with the deficiency of a foreclosure sale, but it is not automatic. Once you have reached the stage of a foreclosure sale and you realize that there will be a deficiency, as most are, one of the best choices is considering filing a chapter 7 bankruptcy. The reason for this is the banks can come back after you for the deficiency payment or which is most likely, they will send the deficiency to the IRS as a loss for them, but the IRS will consider this as income for you. This can be extremely dangerous, if your home is sold for let's say $100,000 less than the mortgage, that will be applied to your tax return of that year as you received income equal to the amount of the deficiency payment. Basically if the house had a mortgage for 200,000 and it sold for 100,000, your deficiency payments would be 100,000 and the IRS would consider this income of $100,000 which you would have to pay income taxes on. I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://massachusettslawyeronline.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147 #bankruptcy  #lawyer  #FallRiver  #Chapter7  #chapter13  #debt  #debtsettlement  #foreclosure  #attorney   #cantpaybills  #lawsuit  #court  #bankruptcycourt  #eviction  #lostmyjob... Read Answer

What your landlord is saying may be true, but the way you worded it is technically incorrect. Once the house is foreclosed upon, that severs the relationship between the bank and the homeowner, thus there is no longer a mortgage to refinance. They could get another mortgage and purchase the house at auction, a foreclosure sales usually don't allow people to purchase homes with money from a bank, usually people with cash on hand or someone who already has a bank willing to let them purchase that house up to a certain dollar value. That circumstance simply does not fit the fact that you provided, you cannot refinance after a foreclosure. I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147... Read Answer