-Webinar On Reverse Mortgages And History Of Home Equity Conversion Mortgage-Maplewood, NJ -- Bruce H. Levitt, Managing Partner, , recently presented a webinar for the New Jersey Institute for Continuing Legal Education (NJICLE). Levitt and...
There are many reasons that millions around the US have filed for bankruptcy. Serious financial woes are generally precipitated by an unexpected life event. A major illness may have led to medical bills piling up, unemployment may have made it impossible to pay the...
In New Jersey when a mortgage or other lien secured by real estate goes into default the foreclosure process begins. After a mortgage lender has obtained a final judgment in foreclosure, they can schedule a Sheriff Sale. If you are facing this situation, it is...
Fannie Mae and Freddie Mac are introducing a jointly developed new mortgage loan modification at the direction of the Federal Housing Finance Agency, which has been named the Flex Modification.The Flex Modification combines features of the Home Affordable Mortgage...
We have previously written about how important it is for a Debtor to be honest during the bankruptcy process. This was a particularly important lesson in a Chicago courtroom last month. Lynn Y. Zoiopoulos, an Illinois physician, was sentenced to 30 months in federal...
Many homeowners in crisis have turned to so-called foreclosure "rescue" firms. The owners of one such New Jersey foreclose rescue firm are being sued for allegedly violating state consumer fraud laws, as well as laws governing debt counseling and financial...
The importance of honesty in the bankruptcy process cannot be overstated. As part of the bankruptcy process, a filer must disclose all property, income, and debts. These declarations are made under penalty of perjury that everything contained in the bankruptcy...
Attorney Shelley Slafkes recently spoke as a panelist in the Financial Reform Summit, hosted by New Jersey Citizen Action Education Fund (NJCAEF). The NJCEF is a non-profit organization dedicated to the financial empowerment of low income and moderate income people in...
For years, New Jersey homeowners saw their homes rise in value. During this time, many homeowners took out second or third mortgages or home equity loans. Even now, eight years after the beginning of the housing crisis, many homeowners are still underwater in their...
In a new twist on the student loan crisis, this year has seen a growing number of students paying on their parent's loans. The problem started with the Parent PLUS loan system, a system that is notorious for granting parents large amounts with few strings attached. To...