Q: "required to file an appearance & answer/plead in response" (foreclosure summons). am not contesting. need to show?
Left condo unit last march 2010, in a sinking ship (other foreclosures, bankruptcy, huge special assessments) tried to speed up the foreclosure by initiating leaving the unit. told by the bank in june 2010 the unit was in foreclosure and to contact their legal representation. in august 2010, sent my keys to them via registered mail as advised by the bank's law firm...finally, a summons in may 2011...I don't want to contest this. should I file an appearance? to what end if I'm not contesting this? I know I realize I may have to file bankruptcy so the bank and condo association doesn't come after me for $ I don't have. I have been renting since march 2010. my old condo unit is empty. it appears I should have squatted and I would have more rights now. not sure how to proceed with summons. advice?
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- Illinois
- (219) 836-2200
- View Profile
- Answered
A: It sounds like there is little to be done at this point based on your actions to date. You will be responsible for any excess beyond the foreclosure sale amount absent a forgivenss of the debt. If there is forgiveness,you will receive a 1099 and may ahve some tax liabilty. Since they accepted the keys, you may want to see if they will accept a deed in lieu.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
