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Archive for the Foreclosure & Mortgages Category

Mortgage Modification & Bankruptcy

Wednesday, May 7th, 2014

  The good news first:  The bankruptcy court in New Jersey has a loss mitigation program that helps Debtors in bankruptcy cases get swift answers on whether they are eligible for a mortgage modification and hopefully prevents the three year long document losing circus that many of my clients have been dealing with by trying […]


New Streamlined Mortgage Modification Process

Thursday, September 12th, 2013

Have you received a letter from your mortgage company stating that you are eligible for a mortgage modification recently?  Does it list shockingly specific payment terms and include coupons? A new streamlined mortgage modification process may explain the mail you have been getting from your mortgage company about a possible modification. The new streamlined process […]


STRUGGLING HOMEOWNERS IN FORECLOSURE FACING TAX DEBT TOO

Wednesday, December 19th, 2012

The Mortgage Forgiveness Debt Relief Act of 2007 is set to expire December 31, 2012.  As a result, people who lose their homes to foreclosure will be required to pay taxes on any debt that the bank or mortgage company does not recover after the sale of their foreclosed home.  The same applies to homeowners […]