Foreclosure Procedures

Avani Lebau from Edwards, CO 

Posted on Wednesday, January 5, 2011

Hello Shari, I recently losr my job and had a baby, my husband and I are considering letting our primary residence go into foreclosure. We have an FHA mortgage and live in Colorado, which is the only public trustee foreclosure state. Is there any way that we might be assessed with a defficiency jud...

David L Preslar from Bradenton, FL 

Posted on Sunday, August 15, 2010

I am a Restate Broker & developer in Bradenton FL.My company is Bradenton Propertes Inc.for 30ys.I copleted 5 homes at the end of 2007 as the sales market crashed so I turned them in to rentals.Taxs,Insurance and mtge payments made them a negative cash flow which I cannot aford so I have decided to ...

Rodney Winter from Clearwater, FL 

Posted on Monday, March 29, 2010

Hi Sheri, I have a home which I am considering letting go since it was refinanced in 2005 and now is underwater. What would happen to the money I have left? #1. #2, what are the expences associated with the foreclosure process. I have private mortgage insurance and does that help? I live in C...

Tom from Tarpon Springs, FL 

Posted on Monday, March 29, 2010

Hi My wife's sister has walked away from her home. There is no income loss, she has had the same job for several years. She was current on her payments but just over extended. She has a first and a second mortgage totaling 110K. Her home is worth about 60K. She also had some credit card debt. Her ...

Susanna Golden from St Pete, FL 

Posted on Saturday, May 30, 2009

Shari - I saw you on Kathy Fountains show this week. I saw you a few weeks ago too and bought the book. I can't tell you how much I appreciate what you are doing to help people. The book is priceless! I have a question that I dont think anyone has asked yet. What happens if the bank's lawyer doe...

Cerry P. from New Port Ritchey, FL 

Posted on Wednesday, May 27, 2009

Shari, I hold a second mortgage on a home I sold in 2006 and the borrower has turned out to be a deadbeat. I've attempted to work with him in good faith by delaying payments and forgiving interest but that didn't help. He is now 5 months behind in payments and has made himself impossible to cont...

Mike from ,  

Posted on Saturday, May 23, 2009

Shari, I have walked from my house and have just been served by the first lender, the second home equity loan will certainly get shorted in a sale and file a judgement on me...some attorneys tell me to file chapter 7 now and some tell me to wait untill after the judgement(s) are recorded...who is ri...