Mar 2, 2020 | Blog, Foreclosure
We recently came upon a case in which a mortgage borrower had not made a payment in over 15 years. The lender had taken no action to collect, nor to foreclose its mortgage lien. When action finally was brought, the borrower asserted that the lender had...
Aug 27, 2018 | 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...
Aug 21, 2017 | Blog, 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”)...
Jul 14, 2017 | Blog, 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,...
May 25, 2017 | Blog, 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. ...
Mar 17, 2017 | Blog, 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...
