Here is the scenario: Mortgage payments are behind and to prevent foreclosure he filled for chapter 13. He missed two payments and now the mortgage company is requesting removal of the automatic stay to continue to foreclose. What are the options for this person in terms of renting an apartment or house…

Passive Income

I divorced and was left with a house I couldn’t afford so I tried a short sale but no one bought it. I left it for an apartment I could afford and my ex disappeared. I have a hearing with the mortgage company next month but don’t know what to expect. Will they make me pay something back?….Garnish paychecks?…..Withhold your income tax returns?

Sell and Rent Back

Say, no payments made from June 2007, how many months of non-payment before the mortgage company takes action. And, what actions are taken? Do they file a notice to the homeowner? Is it Public Notice that everyone can see, and where is it posted?

Rent Back

How do I find properties that are about to be taken away by repossession from the Mortgage Company before it happens? Is there a legal process that must be taken before that happens? Can I contact the homeowner prior to the repossession?

Sell and Rent Back