Author Archives: marcF

Thinking of Divorce and Bankruptcy? Think Bankruptcy First.

You Save Time Money. When you file a joint bankruptcy, you pay 1 filing fee, not 2. Better yet, you can share the cost of the lawyer’s legal fee instead of you both paying the full fee. You Ensure You Listed All Debt. When you divorce first and file bankruptcy second, you may miss some […]

What the $25 Billion Foreclosure Settlement Means for Homeowners

By RUTH SIMON, Wall Street Journal 02/09/2012 The $25 billion foreclosure settlement unveiled Thursday is expected to help many borrowers who are struggling to make their loan payments, owe more than their homes are worth or have lost their homes to foreclosure. But the rules of the deal are complicated and banks have three years […]

N.J. judge allows 4 major banks to resume uncontested foreclosure proceedings

By Sarah Portlock / The Star-Ledger The Star-Ledger Published: Monday, August 15, 2011, 9:52 PM Updated: Tuesday, August 16, 2011, 10:44 AM TRENTON — Four of the country’s biggest banks can now resume their uncontested residential mortgage foreclosures in state court, a Superior Court judge ruled today. The decisions come nearly nine months to the […]

Housing experts fear deluge when foreclosure filings start again

Housing experts fear the deluge of work once foreclosure filings pick back up in the state’s court system. In the past six months, an eerie feeling has settled in the offices of housing counselors and attorneys who confront the foreclosure crisis head-on and help distressed homeowners in New Jersey. The phone hasn’t been ringing any […]

Bankruptcy Court Launches Forum To Avoid Foreclosures

Mary Pat Gallagher ; New Jersey Law Journal; July 28, 2011 A new program debuting Monday in New Jersey’s U.S. Bankruptcy Court is aimed at helping debtors and mortgage lenders find common ground to avert foreclosure. The Loss Mitigation Program — so called because it allows for an array of solutions besides mortgage modification — […]

New Jersey Bankruptcy Filings on the Increase

According to an analysis of the Bankruptcy Court statistics for the District of New Jersey, the number of filings have increased 10% (ten percent) for Chapter 7 cases and 7% (seven percent) for Chapter 13 cases . This was determined by comparing the year period falling between April 2009 and March 2010 with the year […]

Mortgage Foreclosure Fraud

Mortgage foreclosure fraud has come to the forefront of national attention in recent weeks. As a lawyer familiar with this crisis, I will fight to force lenders to prove that their documentation is complete and legitimate. The following links provide information about Foreclosure Fraud. Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis Untangling […]