Q: I am a full time student. I have a collection agency foreclosing on my house I see judge 2/14. I owe 20000 house worth
140000. USDA rhs was my lender. What can I do. Can I sell before 2/13? And pay the 20000?
A: You need to visit with a foreclosure defense/bankruptcy lawyer TODAY. From you question I cannot understand if your home mortgage is in foreclosure, or you are being sued on a student loan. In either case, run, do not walk to a good bankruptcy lawyer in your community.
A: It looks to me that this is a foreclosure. If you can find a short-sale buyer before the mortgage foreclosure sale, and pay off the mortgage balance, the foreclosure plaintiff should be willing to dismiss the case.
If the student loan or the mortgage balance are your principal debts, bankruptcy would generally not be that helpful, other than to buy you some time. Instead, if you need more time for the short sale, judges are normally willing to order extended sale dates (~90 days, perhaps, instead of 45).
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.