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Curing Deed of Trust securing "assumption"
I don't see why not.
On Wed, Sep 20, 2017 at 5:11 PM, 'Mark J. Markus' bklawr@yahoo.com [cdcbaa]
wrote:
>
>
> Let me update this a bit for clarification:
>
> The "assumption" deed is on a rental property, so another question
> becomes: What is the amount that must be paid--the full amount of the 1st
> DOT (which is current) or just the defaulted property tax amount which the
> 2nd DOT holder paid?
>
>
> -------- Forwarded Message --------
> Subject: [cdcbaa] Curing Deed of Trust securing "assumption"
> Date: Wed, 20 Sep 2017 16:09:28 -0700
>
> Reply-To: cdcbaa@yahoogroups.com
> To: cdcbaa@yahoogroups.com
>
> I have a client who has property in Houston, Texas, which apparently still
> exists, and has a regular mortgage deed of trust but also a 2nd
> "Assumption" Deed of Trust in favor of client's ex-spouse which apparently
> gives him rights in the event client defaults on any obligations on the
> first mortgage, or property taxes, etc.
>
> Client failed to pay property taxes, her ex-spouse paid them and then
> commenced nonjudicial (non-hyphenated) foreclosure.
>
> So my question is: Can this type of debt (the property tax reimbursement
> on an "assumption" DOT) be cured in a Chapter 13 case like any other
> arrearage?
>
> I have no experience with this type of DOT.
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> *Mailing Address Only:*
> 11684 Ventura Blvd
> . PMB
> #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board of
> Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law office
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> disclosure, copy, distribution or use of the contents of this message is
> prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by
> the IRS, we inform you that any U.S. tax advice contained in this
> communication (or in any attachment) is not intended or written to be used,
> and cannot be used, for the purpose of (i) avoiding penalties under the
> Internal Revenue Code or (ii) promoting, marketing or recommending to
> another party any transaction or matter addressed in this communication.
>
>
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> --
>
> *************************
> Mark J. Markus
> Law Office of Mark J. Markus
> *Mailing Address Only:*
> 11684 Ventura Blvd
> . PMB
> #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)332-1180 (fax)
> web: http://www.bklaw.com/
> Certified Bankruptcy Law Specialist--The State Bar of California Board of
> Legal Specialization
> This Firm is a Qualified Federal Debt Relief Agency
> ________________________________________________
> NOTICE: This Electronic Message contains information from the law office
> of Mark J. Markus that may be privileged. The information is intended for
> the use of the addressee only. If you are not the addressee, note that any
> disclosure, copy, distribution or use of the contents of this message is
> prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by
> the IRS, we inform you that any U.S. tax advice contained in this
> communication (or in any attachment) is not intended or written to be used,
> and cannot be used, for the purpose of (i) avoiding penalties under the
> Internal Revenue Code or (ii) promoting, marketing or recommending to
> another party any transaction or matter addressed in this communication.
>
>
>
Kirk Brennan
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I don't see why not.On Wed, Sep 20, 2017 at 5:11 PM, 'Mark J. Markus' bklawr@yahoo.com [cdcbaa] <
Let me update this a bit for clarification:
The "assumption" deed is on a rental property, so another
question becomes: What is the amount that must be paid--the full
amount of the 1st DOT (which is current) or just the defaulted
property tax amount which the 2nd DOT holder paid?
-------- Forwarded Message --------
Subject:
[cdcbaa] Curing Deed of Trust securing "assumption"
Date:
Wed, 20 Sep 2017 16:09:28 -0700
The post was migrated from Yahoo.
Let me update this a bit for clarification:
The "assumption" deed is on a rental property, so another question
becomes: What is the amount that must be paid--the full amount of
the 1st DOT (which is current) or just the defaulted property tax
amount which the 2nd DOT holder paid?
Subject: [cdcbaa] Curing Deed of Trust securing "assumption"
Date: Wed, 20 Sep 2017 16:09:28 -0700
Reply-To: cdcbaa@yahoogroups.com
To: cdcbaa@yahoogroups.com
I have a client who has property in Houston, Texas, which apparently
still exists, and has a regular mortgage deed of trust but also a
2nd "Assumption" Deed of Trust in favor of client's ex-spouse which
apparently gives him rights in the event client defaults on any
obligations on the first mortgage, or property taxes, etc.
Client failed to pay property taxes, her ex-spouse paid them and
then commenced nonjudicial (non-hyphenated) foreclosure.
So my question is: Can this type of debt (the property tax
reimbursement on an "assumption" DOT) be cured in a Chapter 13 case
like any other arrearage?
I have no experience with this type of DOT.
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
The post was migrated from Yahoo.
I have a client who has property in Houston, Texas, which apparently
still exists, and has a regular mortgage deed of trust but also a
2nd "Assumption" Deed of Trust in favor of client's ex-spouse which
apparently gives him rights in the event client defaults on any
obligations on the first mortgage, or property taxes, etc.
Client failed to pay property taxes, her ex-spouse paid them and
then commenced nonjudicial (non-hyphenated) foreclosure.
So my question is: Can this type of debt (the property tax
reimbursement on an "assumption" DOT) be cured in a Chapter 13 case
like any other arrearage?
I have no experience with this type of DOT.
*************************
Mark J. Markus
Law Office of Mark J. Markus
_*Mailing Address Only:*_
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)332-1180 (fax)
web: http://www.bklaw.com/
Certified Bankruptcy Law Specialist--The State Bar of California
Board of Legal Specialization
This Firm is a Qualified Federal Debt Relief Agency
________________________________________________
NOTICE: This Electronic Message contains information from the law
office of Mark J. Markus that may be privileged. The information is
intended for the use of the addressee only. If you are not the
addressee, note that any disclosure, copy, distribution or use of
the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
imposed by the IRS, we inform you that any U.S. tax advice contained
in this communication (or in any attachment) is not intended or
written to be used, and cannot be used, for the purpose of (i)
avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any
transaction or matter addressed in this communication.
The post was migrated from Yahoo.