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-- Zombies are no threat to Homer Simpson but zombie for closures may be a threat to use so what are -- -- and what do they mean for you the homeowner -- Vegas is real estate expert and Carl Fox News legal analyst Bob that's great that's -- that's a great start up their my friend -- -- let's start the beginning what is a zombie foreclosure because they -- apparently a lot of them out there.
Well listen most homeowners that Margaret understand this they've been trying to deal with the bank for years everything they've that is felt -- want -- to take the home back.
But -- like dead where are you lenders.
Why won't you foreclose on our property so we could start our life over.
It is a prevailing problem in this country it's causing a lot of problems for homeowners and that's why we're calling a zombie foreclosures OK so -- if you think you've been foreclosed -- you figure out whether or not you're the victim of one of these zombie foreclosures.
Well bottom line is this the if if you've been trying to.
Work a deal with the lender for a few years and they just won't communicate.
In the bottom line is the fact as long as that home is title to you.
-- you're legally responsible for that home.
You could still be held responsible for H -- ages there's property tax issues.
There's insurance issues although most lenders will put insurance on the home once the -- run out on your impound account.
But the frustration for the homeowner is.
Many people want to get out of that house the great wanna move on and they're begging the lenders.
Take my house let me move on with mightily right.
And they're just not doing it catch -- -- here's here's an email question from somebody.
What do I filed for bankruptcy and -- debt is discharged and might still expose.
Not let me be very clear here.
The debt has been this -- -- by the bankruptcy court so what you -- the bank.
Literally is this charts but what you folly chapter seven bankruptcy Steve.
And that doesn't change that title to your property so you could be not -- for the debt.
But -- the bankruptcies over I get emails all the -- -- Bob I'm still living in the home I haven't made it gave it two years my bankruptcy been discharged all the debts are gone.
They won't take my home back right it's still title in their name so I want the viewers to understand the discharge of bankruptcy.
Doesn't take your name off the title to the property -- -- -- lender for closes locate sewed and this is really important so if if you could be the victim of one of these -- foreclosures.
What some homeowners post -- -- Here's exactly what I tell them and -- and I've talked to other lawyers in the country that are competent and men and women.
I basically say listen if you want out -- your house your -- you wanna move you have a job somewhere else go to go get a quick claim these.
You don't need permission from anybody you take a in the big Bank of America Aurora -- -- star whoever may be recorded recorders office it's.
-- -- your name it's in their name and seal later Lander what are they gonna do.
What do they had to do it to you on that unfinished I don't deal with that anymore that's what I tell people to do listen -- a whole bunch of people are going to be showing up for another when -- housing seminars -- tell us about where this is going to be and -- -- -- -- and thank you two weeks from today in Fort Myers, Florida we're gonna be down at the yacht club there it's going to be from 6 AM to 9 AM.
-- -- -- Down there were to do the seminar like like we did over in Treasure Island.
Good answer questions go to FOX & Friends web site right on the front there is the email where you could register it's free.
It's going to be a very good seven armored answer a lot of questions -- some wonderful people that have.
Followed what we've -- -- for the last couple years it's two weeks from today what's at February 7.
At 6 AM tonight and it's early -- -- show up we'll have a good time what's early because it's going to be under in our show and I have a feeling we're going to be watching you give some advice for some folks -- millions of people big questions that are answered by guys like.
Our man Bob -- Bob thank you thank you sir.
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