I’ve never really gotten on the Zombie movie and TV show bandwagon. I think it’s because they’re just so far-fetched, that it’s difficult for me to buy into the premise. When it comes to the reality of the Zombie Property Apocalypse though, it’s a completely different story. You may have read or heard about “Zombie
Karen G. Courtney, Managing Attorney, ATG Short Sale Coordination Department, wrote an article with tremendous insight as to tips which could improve a client’s chances of having a successful short sale. Please consider going to Karen’s article to read more about this interesting and important topic.
Continue Reading Ten Important Short Sale Tips and More by Guest, Karen G. Courtney
It is common that at a foreclosure sale the mortgagee Bank will submit the winning bid at the amount owed on the mortgage of the property at issue. But what if the amount owed is significantly less than the “market value” of the house? Can the court under Wisconsin law refuse to confirm the sale as unconscionable? The answer in Wisconsin appears to be – the court can only refuse to confirm the sale if there is a demand by the Bank for a deficiency judgment and either the price is inadequate due to a mistake, misapprehension or inadvertence or the price is so inadequate that it shocks the conscience of the court. In other words, if the Bank doesn’t seek a deficiency judgment, then mere inadequacy of price is not a sufficient reason for a court to fail to confirm a sale. Such propositions were set forth in a recent unpublished Wisconsin Court of Appeals decision, Countrywide Home Loans, Inc. v. Daniel J. Russ, et al, Appeal No. 2009AP2873. Continue Reading Inadequate Price Not Enough to Allow Courts to Stop Confirmation of a Foreclosure Sale