FACT: In most states, you need the bank to foreclose AND sell the real estate at judicial sale in order to get the deed out of your name. A new deed must be drafted and recorded.
While a common chapter 7 or 13 bankruptcy filing can cancel (aka discharge) the debt, bankruptcy DOES NOT automatically transfer real estate ownership. This issue comes up when debtors want to "walk away from the home."
One common example, if the bank believes that there are major structural defects, no furnace, no plumbing, vandalism, etc. they could forgive the debt but leave you as the owners of the house even with a bankruptcy. That could leave debtors liable for post-bankruptcy future assessments including real estate taxes, building code fines, etc.
Don't make this mistake. Call us for advice on this issue.
Tuesday, November 27, 2012
Sunday, August 5, 2012
If you are looking to save your house from foreclosure in Ohio or Kentucky, call our office. Whether we discuss foreclosure defense or chapter 13 bankruptcy, we can help you save your home or surrender it while you live 'rent free" as part of your fresh start. Visit our websites at www.getreallylegal.com
or www.bankruptcylawyerincincinnati.com . When you think of Butler County Foreclosure, Warren County Foreclosure, West Chester Foreclosure, Cincinnati Foreclosure, Northern Kentucky Foreclosure, think of our firm with 3 convenient locations in West Chester Ohio, Cincinnati and our Northern Kentucky bankruptcy law office. Learn about bankruptcy from Ryan J. Ruehle at my high definition video site .
Wednesday, May 2, 2012
GETTING THINGS DONE ....YE OLDE FASHIONED WAY!
By Ryan J. Ruehle Attorney at Law http://www.getreallylegal.com/
http://www.bankruptcylawyerincincinnati.com/
Technology is a wonderful convenience. Emails, electronic bill pay, etc. allow us to work smarter and move on to things we want to do like watch TV, surf the internet, etc.
However, when life throws you a curve ball sometimes our technological approach will not solve the problem. We spend weeks on the phone with customer service, on-line, in chat rooms and blogs researching the issue, etc. and we are still frustrated.
Sometimes we have to step back into time and try some time consuming but time-tested approaches. These can become your curve ball.
In Person
One reason to choose local professionals and businesses is that if you are having a problem, you can always choose to make an appointment or visit the storefront.
It’s too easy for you to get lost in some phone system only to talk to a different person each time you call.
Showing up with your problem makes it less likely someone will scratch your information on a post it note with a promise to call you back later. If they cannot address your problem that day, make an appointment. You might need to come back, but that is likely required by the professional’s calendar.
By the way, I fired my physician yesterday and he doesn’t even know it! I was in his phone system for 4 minutes and no one picked up the phone. I would like better customer service for my dollars.
By U.S. Mail
I have many clients who are behind on their mortgage payments. The lenders are great at “refusing payments” by locking the homeowners out of the online payment system or check by phone options, etc.
If you are in this situation and the lender has gone so far as to refuse your payment IN PERSON as well, then try sending the payment by US mail. I know there is some risk in them holding the funds, but if you send it, they are likely to process it. This is true even if the mortgage company has “sent the account to their attorneys.”
Your payment by mail can eliminate the run around and legal action. Did I mention make the payment by certified funds?
Cash, Certified Checks and Money Orders
When you are working through a financial issue, There is nothing more respected than receiving cash in person. You will feel good about it, too. Of course, you don’t send cash by mail so use a money order or certified check issued by your bank or even your convenience store. Personal checks can be ok for routine payments but don’t try to pay an account in default or slow pay status with it. Show up to the game in your “Sunday Best” and send certified funds. And you will have someone else to blame if there is a problem with the check.
By the way, Western Union and other wire services are expensive and the lenders sometimes can’t find the money in the “address” that they probably provided you. I just saw wire slips in Cincinnati’s largest bank’s lobby so you know it is highly profitable and expensive for you.
Hopefully, a reminder of these time tested approaches in our ever changing hi-tech world will help you with this years challenges.
http://www.bankruptcylawyerincincinnati.com/
Technology is a wonderful convenience. Emails, electronic bill pay, etc. allow us to work smarter and move on to things we want to do like watch TV, surf the internet, etc.
However, when life throws you a curve ball sometimes our technological approach will not solve the problem. We spend weeks on the phone with customer service, on-line, in chat rooms and blogs researching the issue, etc. and we are still frustrated.
Sometimes we have to step back into time and try some time consuming but time-tested approaches. These can become your curve ball.
In Person
One reason to choose local professionals and businesses is that if you are having a problem, you can always choose to make an appointment or visit the storefront.
It’s too easy for you to get lost in some phone system only to talk to a different person each time you call.
Showing up with your problem makes it less likely someone will scratch your information on a post it note with a promise to call you back later. If they cannot address your problem that day, make an appointment. You might need to come back, but that is likely required by the professional’s calendar.
By the way, I fired my physician yesterday and he doesn’t even know it! I was in his phone system for 4 minutes and no one picked up the phone. I would like better customer service for my dollars.
By U.S. Mail
I have many clients who are behind on their mortgage payments. The lenders are great at “refusing payments” by locking the homeowners out of the online payment system or check by phone options, etc.
If you are in this situation and the lender has gone so far as to refuse your payment IN PERSON as well, then try sending the payment by US mail. I know there is some risk in them holding the funds, but if you send it, they are likely to process it. This is true even if the mortgage company has “sent the account to their attorneys.”
Your payment by mail can eliminate the run around and legal action. Did I mention make the payment by certified funds?
Cash, Certified Checks and Money Orders
When you are working through a financial issue, There is nothing more respected than receiving cash in person. You will feel good about it, too. Of course, you don’t send cash by mail so use a money order or certified check issued by your bank or even your convenience store. Personal checks can be ok for routine payments but don’t try to pay an account in default or slow pay status with it. Show up to the game in your “Sunday Best” and send certified funds. And you will have someone else to blame if there is a problem with the check.
By the way, Western Union and other wire services are expensive and the lenders sometimes can’t find the money in the “address” that they probably provided you. I just saw wire slips in Cincinnati’s largest bank’s lobby so you know it is highly profitable and expensive for you.
Hopefully, a reminder of these time tested approaches in our ever changing hi-tech world will help you with this years challenges.
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