Chapter 13 bankruptcy serves as a beacon of hope for individuals facing financial turmoil, especially homeowners. This legal pathway not only offers a chance to reorganize debt but also protects the equity in real estate, which for many, represents a...
In response to the Coronavirus/Covid-19 pandemic, New Jersey Realtors has adopted an Addendum Regarding Coronavirus which they recommend for inclusion in all broker form contracts. The form addendum addresses the unique and unprecedented impact of COVID-19 pandemic on New Jersey...
As we all deal with the health and public safety issues relating to the spread of Coronavirus (COVID-19), there is little doubt that the economic impact may include unemployment rates of 20% and a surge in delinquent consumer debt. Debt...
This Article recently appeared in the New York Times. Come tax time, JPMorgan Chase will be able to write off the $1.5 billion in debt relief it must give homeowners to satisfy the terms of a recent settlement. But the...
Late in 2010, the New Jersey Supreme Court had issued a moratorium on foreclosure filings in New Jersey by six of the largest banks, including GMAC, Bank of America, JP Morgan Chase, Wells Fargo, City Bank and West One. The...
Everyone it seems is attempting to get a loan modification these days. Anyone that has attempted to modify their mortgage knows that the process can be extremely frustrating. One way to make it somewhat less frustrating is to make sure that you...
Given the state of the real estate market and the large mortgage debt that many people find themselves in, many of my clients find themselves upside down on their residences. One of the questions I get asked most often by...
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