GBC REOPENING Policy – JUNE 2021
As New Jersey has announced the loosening of restrictions in response to the Coronavirus (COVID-19) pandemic, Gillman, Bruton & Capone, LLC (“GBC”), is happy that we are able to reopen…
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…
GBC Policy ON Coronavirus (COVID-19)
As the health and public safety concerns surrounding the Coronavirus (COVID-19) pandemic continue to increase, Gillman, Bruton & Capone, LLC (“GBC”), is monitoring the situation closely. Our primary concern is…
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…
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…
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…
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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…
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. …
