Art P.
Mortgage Interest deduction tax treatment on mixed use assets
14 August 2019 | 6 replies
My understanding based on your response:Old debt $140k - stays the same, $70k on each side.New additional debt $110k (is this applied to the Duplex, the property that secures the debt, or new SFR, the property the debt is used to fund?)
Sarah Jones
strongest asset protection
21 February 2014 | 10 replies
As a creditor's representative in bankruptcy I bumped into a stripping tactic, it didn't fair well for the debtor.
Justin K.
Small Claims Court for breach of contract with a contractor
27 January 2019 | 83 replies
If you are correct then he can still get the judgement and have a collection agency buy the debt or attempt to collect more money by sending him to a collection agency for a fee.
Darin Wells
Getting started in selling notes...
12 May 2011 | 13 replies
Lawyers for the debtor will try every kind of legal theory to delay, cancel and repudiate the debt.
Account Closed
Foreclosure Legal Jargon
26 September 2014 | 5 replies
That's why usually the IRS auction states "only the right, title an interest of he debtor...".
Erin L.
Bad Credit - Good Tenant?
6 July 2017 | 25 replies
Is there a medical debt or student debt holding down the score?
Hal Cranmer
Judgment Collection
13 September 2019 | 12 replies
Once you get a judgement you can hire a collection company but they just trash credit.You can also get an attorney but they are a waste of money.They will just do what I am about to tell you.You can either spend a bunch of time collecting yourself OR you can sell your judgement to a judgement recovery company.If you sell outright to them you might get 20 cents on the dollar NOW.It depends on when they do the research if the judgement company feels they will recover anything or it will be a lost cause (debtor filed BK etc. or has a job that is not garnish able).You can also have the judgement company pay for court costs to collect and garnish but they will split profit with you 50/50.Judgement companies will tell you it takes sometimes 2 to 3 years to recover a significant portion of the judgement.You might be better off asking the former tenant what is the most amount they can pay TODAY to settle the debt??
Jeanette J.
Do landlords report bad tenants?
16 May 2012 | 12 replies
You can report debtors and it does get reported on their credit.
Daniel L.
Imminent Demolition by Codes Dept. Loss mitigation/Loan recovery
2 December 2012 | 4 replies
In a judicial foreclosure state the lien holder foreclosing must first sue the debtor in court and obtain a judgement.
Account Closed
CA Foreclosure/Estate Title Issue
9 July 2014 | 21 replies
Foreclosure or reinstatement of the loan/debtor.