After Foreclosure Zombie Deeds Can Haunt You
Guest: Eugene Melchionne
Imagine this: You walked away from your home, or maybe it’s after foreclosure. You thought you were done with the whole mess and you are just trying to put that awful experience behind you. But you discover you still own the home - and you're responsible for taxes as well as anything that happens at the property. What's worse, you can't get rid of it if you try!
That's what a zombie deed is all about and bankruptcy attorney Eugene Melchionne joins me to share his advice for protecting yourself. You’ll learn:
- Why zombie deeds can be a huge headache for former homeowners;
- The number one thing you want to do to protect yourself;
- What expenses you must continue to pay even if you aren’t living in the home you’ve lost;
- How serious this is - you can even face criminal charges in some jurisdictions if you aren’t careful;
If you are walking away from your home, or may be losing a home to foreclosure, you won't want to miss this important episode. It aired live on February 4, 2013.
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About My Guest
Eugene Melchionne has been a bankruptcy attorney in Connecticut for over 30 years. He is one of the founders of the Bankruptcy Law Network and state chair for the National Association of Consumer Bankruptcy Attorneys. He also published helpful information for consumers through three websites: www.consumerbankruptcytips.com
He helps homeowners in financial distress and says that one of the questions he hears all the time is, “How will this hurt my credit score?” He loves helping people get results. He says that, “Not every person can save their home, but I can always improve their situation.” One of his biggest frustrations is the “perception that people in financial distress are deadbeats, intent on not paying their bills.”
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