Blog , Foreclosure , General Bankruptcy
Attorney David Krekeler reflects on meeting legal deadlines in your strategy. Last month, a client brought me a foreclosure complaint to review. Unfortunately, the time within which to respond to the complaint had long since passed. In fact, the judgment had already been entered so we will employ other means to protect his property. The […]
Read MoreBlog , Chapter 11 Bankruptcy , Chapter 7 Bankruptcy , Foreclosure , General Bankruptcy
My land contract was foreclosed and the redemption period has ended. Can I still save my property? Land contracts are widely used in Wisconsin and provide the seller (usually called the “Vendor”) with various remedies if the Buyer (usually called the “Vendee”) defaults. The remedy most frequently resorted to is strict foreclosure. In that type […]
Read MoreBlog , Consumer Law Issues , Foreclosure
We often need to put on evidence about the value of assets. We try to use experts, such as appraisers, auctioneers, or brokers. But sometimes we just do not have an expert. On occasion, the only testimony available is that of the owner. Under Wisconsin law, owners are competent to testify as to the […]
Read MoreBlog , Foreclosure , Mortgages & Foreclosures
Can I sell my house to my child so that I can stop a foreclosure and continue to live there? Yes, but your child will still have to pay off the loan. We have seen a number of situations in which people file a Chapter 13 bankruptcy case to stop a foreclosure sale. The debtor […]
Read MoreBlog , Foreclosure , General Bankruptcy , Mortgages & Foreclosures
The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients. They are often shocked by the amount of interest they will pay over a span of 30 years. My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment. […]
Read MoreBlog , Foreclosure , Mortgages & Foreclosures
Most, if not all states, provide homeowners with a timeframe within which to cure their default. And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment. Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]
Read More
