Monthly Archives: October 2012

What happens to my property once it is in a trust?

Posted on October 31, 2012 by LRS Director

Once you have moved some property into a trust, it will be protected from the Probate Court process. All assets in the trust, if moved there properly, will pass to your trust beneficiaries directly without any interference from the Probate Court. Continue reading →

Posted in Wills/Trusts/Other Probate | Tagged cba, Cincinnati, lawyer referral, lrs, probate, property, trust | Leave a comment

How do I put property into a trust?

Posted on October 29, 2012 by LRS Director

Moving property into a trust is called the “funding” stage and occurs after you have created the trust. Continue reading →

Posted in Wills/Trusts/Other Probate | Tagged cba, Funding, lawyer referral, lrs, probate, Propert, Title, trust | Leave a comment

Can filing bankruptcy help me avoid losing my home?

Posted on October 26, 2012 by LRS Director

It is usually the last resort, but filing a Chapter 13 or Chapter 7 bankruptcy can allow you to possibly keep your home. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, bankruptcy, behind on payments, cba, Chapter 13, Chapter 7, Cincinnati Bar Association lawyer referral, foreclosure, lawyer referral service, lrs | Leave a comment

Can mediation help me avoid foreclosure on my home?

Posted on October 24, 2012 by LRS Director

One of the best ways to get the lender to come to the table and start talking with you again is to request court mediation. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, behind on payments, cba, Cincinnati Bar Association lawyer referral, foreclosure, lawyer referral service, lrs, mediation | Leave a comment

I’ve heard about HAMP. Can it help me keep my home?

Posted on October 22, 2012 by LRS Director

The Home Affordable Modification Program (HAMP) is a federal program that offers loan modifications that can lower your interest rate, lower your payments, and help you keep your home and avoid foreclosure. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, behind on payments, cba, Cincinnati Bar Association lawyer referral, foreclosure, HAMP, Home Affordable Mortgage Program, lawyer referral service, lrs, mortgage | Leave a comment

I have not made a mortgage payment in over 120 days, am I eligible to have a short sale?

Posted on October 19, 2012 by LRS Director

A Short Sale is when you have found a buyer for your home, but the price is not enough to pay off the lender and all other creditors/lienholders on the title. Continue reading →

I have not made a mortgage payment in over 120 days, am I eligible for a deed in lieu?

Posted on October 17, 2012 by LRS Director

A Deed in Lieu is when you decide NOT to keep the house and the lender has agreed to accept it back from you as full payment on the loan. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, behind on payments, cba, Cincinnati Bar Association lawyer referral, deed in lieu, foreclosure, lawyer referral service, lrs, mortgage | Leave a comment

I have not made a mortgage payment in over 120 days, am I eligible for a forebearance agreement?

Posted on October 15, 2012 by LRS Director

With a Forbearance Agreement, the foreclosure case is NOT dismissed. Rather, the lender and you sign off that the case will not be moved forward to foreclosure if you make payments on time, pay down the back payments, and start making the future monthly payments on time. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, behind on payments, cba, Cincinnati Bar Association lawyer referral, forebearance agreement, foreclosure, lawyer referral service, lrs, mortgage | Leave a comment

I have not made a mortgage payment in 120 days, am I eligible for the reinstatement plan?

Posted on October 12, 2012 by LRS Director

In a Reinstatement Plan, the foreclosure case is dismissed and you borrow the money to make up the back payments completely and have the income to make the future payments going forward. Continue reading →

Posted in Bankruptcy/Foreclosure/Other Financial Problems | Tagged avoiding foreclosure, cba, Cincinnati Bar Association lawyer referral, foreclosure, lawyer referral service, lrs, mortgage, mortgage lender, reinstatement plan | Leave a comment

I have not made mortgage payments for over 120 days, am I eligible for the payment plan option?

Posted on October 10, 2012 by LRS Director

With a payment plan, you and the lender agree that you will keep making your monthly payments going forward, but you also agree that you can afford to make additional payments each month toward your back payments and get caught up in an agreed-upon time frame. Continue reading →