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All Forum Posts by: Ryan Drean

Ryan Drean has started 1 posts and replied 5 times.

Originally posted by @Ronald Rohde:
Originally posted by @Ryan Drean:

Thanks -  I can't believe how difficult its been to get an answer out of the entire internet today.  But yes, I am SURE - it's ordered by the judge per a few other issues.  Long story but this will be a judicial foreclosure.  Our Attny acting as Trustee.  

$1500 may apply to JF too?

 good advice here, but are you complaining about free answers from people who don't know you?

 I didn't mean THIS forum - if my comment was unclear, apologies.  This is the first forum where someone actually gave me some concrete info which related to my question. ALL I heard from EVERYWHERE else is that I must be wrong and it couldn't possibly be a Judicial Foreclosure.  (It is, just like Jerel described) 

Originally posted by @Jerel Ehlert:

@Greg, Probably judicial foreclosure on deed of trust to secure assumption (usually of the spouse that got the house in the divorce gives the other a lien to ensure the mortgage gets paid).  If unable to foreclose non-judicial, there's an expedited section of the Texas Civil Procedure for judicial foreclosure.

Judicial foreclosure will be more expensive than non-judicial.  The attorney is doing all the same steps of non-judicial, with the added joy of filing and getting the court's approval before and reporting back afterwards.  My non-judicial is $1600+ expenses, judicial is hourly with a $3K retainer to start.  Each court (even within the same county) runs slightly different and have latitude to ask for more or less from the foreclosing attorney.  If the spouse fights the foreclosure, costs will go up.

THIS is exactly what I am asking about and the process we are navigating.  We are already into the attorney for $7.5K which has brought us to the auction notice.  Auction will be first Tues in July.  We know there will be fees (aside from further atty fees).  And it sounds like we can expect bn $1500 and $2K.  Is that accurate?

Thanks -  I can't believe how difficult its been to get an answer out of the entire internet today.  But yes, I am SURE - it's ordered by the judge per a few other issues.  Long story but this will be a judicial foreclosure.  Our Attny acting as Trustee.  

$1500 may apply to JF too?

He is appointing himself trustee. He said he doesn't have to but as of now that is the plan.  SO...he is the trustee and our lawyer.  Avoiding paying him to learn what might be common info would be great.

I'll try to keep this short: When there is a Judicial Foreclosure between ex-wife and ex-husband (still on mortgage together) where Wife is foreclosing on the other - and if it ends up that there is no 3rd party bidder/buyer - what are the fees that the foreclosing party (Wife) will expect to pay since she will be the "winning bidder?"    Aside from her attorneys fees of course, she's looking to know Everything else she should be prepared to pay to take ownership of the house.

The lawyer has submitted the order and the foreclosure sale is happening first Tues in July. He has only said “fees” in a generic manner and gave us no idea what those fees would entail. HIS fees have been far higher than we anticipated through this process so we are hoping to avoid a $750 reply for this information since it seems to take him 2 hours to compose every email and doesn't return phone calls.