Real Estate Equity and Debt Repayment Strategies in Chapter 13
Real Estate Equity and Debt Repayment Strategies in Chapter 13

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...

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Coronavirus Addendum For NJ Real Estate Contract
Coronavirus Addendum For NJ Real Estate Contract

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...

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CoronaVirus (Covid-19) – Debt Experts Propose Stay of Debt Collection
CoronaVirus (Covid-19) – Debt Experts Propose Stay of Debt Collection

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...

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Beware of Tax Implications from a Short Sale or Loan Modification
Beware of Tax Implications from a Short Sale or Loan Modification

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...

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The Foreclosure Moratorium in New Jersey Has Given Homeowners a False Sense of Security
The Foreclosure Moratorium in New Jersey Has Given Homeowners a False Sense of Security

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...

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Do You Qualify For A Loan Modification Under HAMP
Do You Qualify For A Loan Modification Under HAMP

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...

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Short Sales, Possible Tax Consequences and Bankruptcy
Short Sales, Possible Tax Consequences and Bankruptcy

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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