All Questions
Tagged with debt foreclosure
3
questions
0
votes
1
answer
94
views
Deficiency judgement period after foreclosure in IL
A friend entered in foreclosure in 2014, for a condo in Chicago, IL (Chase Bank). Some time later he received a form 1099-C for cancellation of debt for around $9K. I know there's a deficiency but, ...
- 103
3
votes
1
answer
2k
views
What rights do second lienholders have in foreclosure actions by primary lienholder?
It is common for real property to have multiple liens against it. The primary or "senior" lien is typically a mortgage lender. Subordinate liens may have attached to a property through loans or ...
- 21.9k
2
votes
1
answer
765
views
Inherited property with two unknown lien holders. What should I do?
My mom passed away 8 years ago and left her house to my brother and I. But since then, we haven’t been able to do anything with it because it has 2 liens on it. So it sits there unoccupied after all ...
- 21