New Jersey Foreclosure: Vacant and Abandoned Property
New Jersey Foreclosure: Vacant and Abandoned Property

As we all know, the housing crisis that begin in 2008 had many crippling effects on the U.S. economy as a whole and New Jersey in particular.  The New Jersey Courts attempted to combat many aspects of the mortgage foreclosure...

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One Bankruptcy Petitioner Avoided Foreclosure and Got a Free House – But Don’t Get Your Hopes Up that You Can You Get One Too
One Bankruptcy Petitioner Avoided Foreclosure and Got a Free House – But Don’t Get Your Hopes Up that You Can You Get One Too

Our Office received a call recently from a property owner who had New Jersey Bankruptcy Court decision which awarded a free house to a Chapter 13 Bankruptcy petitioner.  He was convinced that the case he had read about was exactly...

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Foreclosure Defense – Four Frequently Made Mistakes by Homeowners Seeking to Prevent the Loss of their Home
Foreclosure Defense – Four Frequently Made Mistakes by Homeowners Seeking to Prevent the Loss of their Home

Foreclosure defense and bankruptcy lawyers are - in one very important way - like plumbers.  It is almost always true that the sooner you hire one, the the better the result of the work they do.  People facing foreclosure often...

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Loan Modifications: Freddie Mac Announces Increase in Standard Interest Rates for Modifications
Loan Modifications: Freddie Mac Announces Increase in Standard Interest Rates for Modifications

Freddie Mac has announced that the base interest rates on Freddie Mac Standard Loan Modifications and Streamlined Modifications will increase for the first time in several years effective April 14, 2015.  See here.   Effective April 14, 2015, the base rate...

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Bankruptcy & Foreclosure Resulting From ‘Financial Infidelity’ – The Plight of the Deceived Spouse
Bankruptcy & Foreclosure Resulting From ‘Financial Infidelity’ – The Plight of the Deceived Spouse

For over three decades we have represented consumer debtors before the United States Bankruptcy Court and the Courts of the State of New Jersey.  On occasion, the serious debt problems of our clients resulted from being deceived about money that...

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Use of the Truth in Lending Act as a Defense to Foreclosure Limited by the Three Year Notice Provisions of the Act
Use of the Truth in Lending Act as a Defense to Foreclosure Limited by the Three Year Notice Provisions of the Act

The Truth in Lending Act, 15 U.S.C. §1601 et seq (TILA) was intended to protect consumers in consumer credit transactions and requires that lenders provide consumer borrowers with full disclosure of the terms and conditions of the loans they make,...

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New Jersey Foreclosure Rates Highest in Nation in 1st Quarter 2014
New Jersey Foreclosure Rates Highest in Nation in 1st Quarter 2014

The Mortgage Bankers Association, which monitors and reports on foreclosure rates, reported that New Jersey surpassed Florida as the state with the highest rate of "loans in foreclosure".   The report indicated that 8% of New Jersey mortgage loans were in...

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Debtors Seeking Bankruptcy Protection to Prevent Foreclosure Should Be Governed by Reason and Planning, Not Emotion
Debtors Seeking Bankruptcy Protection to Prevent Foreclosure Should Be Governed by Reason and Planning, Not Emotion

Careful planning before filing a bankruptcy petition often determines the outcome of the proceeding. For this reason, mammoth corporations and individuals who have very substantial assets devote as much time to planning for a bankruptcy filing as they do for...

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Chapter 7 Personal Bankruptcy Avoids Foreclosure Deficiency Judgments & Short Sale Personal Income Taxes
Chapter 7 Personal Bankruptcy Avoids Foreclosure Deficiency Judgments & Short Sale Personal Income Taxes

Chapter 7 Personal Bankruptcy Q & A: How Does a Chapter 7 Consumer Bankruptcy Effect Mortgage Foreclosure, Deficiency Judgments, Short Sales, Deeds In Lieu of Foreclosure & Personal Income Taxes. Mortgage Foreclosure - A Chapter 7 Bankruptcy Discharge DOES NOT...

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