Re: two houses

Posted by Patrick McCue on August 31, 2005 at 18:18:18:

In Reply to: Re: two houses posted by Wynee Bays on August 26, 2005 at 21:48:26:

Your mother-in-law and sister-in-law do have some options, however, they will need to take action quickly. As for your specific question on your mother-in-laws home, unless she pledged it as collateral on the other loan, I think it is safe even if the lender decides to seek a deficiency judgment against her after the sale and after the redemption period has expired.

Send me an e-mail or call me and I can give you a number of scenarios. As always after listening to the advice or offers of help from myself or anyone else, I advise that you seek the advice of a competent attorney.

Patrick McCue

734-459-1010

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Comments:
: Your mother-in-law and sister-in-law do have some options, however, they will need to take action quickly. As for your specific question on your mother-in-laws home, unless she pledged it as collateral on the other loan, I think it is safe even if the lender decides to seek a deficiency judgment against her after the sale and after the redemption period has expired.

: Send me an e-mail or call me and I can give you a number of scenarios. As always after listening to the advice or offers of help from myself or anyone else, I advise that you seek the advice of a competent attorney.

: Patrick McCue

: 734-459-1010


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