How Much to Buy a House in NYC (Besides the Purchase Price)?
2023 was a challenging year for the real estate industry because of the volatility mortgage interest rates resulting in many priced-out buyers. Many real estate professionals, however, are anticipating a nice rebound in 2024. With easing of interest rates and a hopeful increase in inventory, real estate market predications are optimistic. That means good news […]
KEEP READING . . .Will I Lose My House If I File Chapter 7 Bankruptcy?
Battling overwhelming debt can be a tough and distressing experience, but a bankruptcy filing could possibly offer a way to regain financial stability. If you’re considering filing for Chapter 7 bankruptcy, you’re likely wondering about the potential impact on your most valuable asset: your home. In this article, we’ll delve into the complexities of filing […]
KEEP READING . . .The Ultimate 5 Step Guide to Help You Buy a Home in New York City
For many New Yorkers, owning a home in the city is a dream come true. In New York City, the outer boroughs have become a popular spot for potential homebuyers looking for a little more space for their money. While buying a home in NYC may, at first though, be a complex and overwhelming process, […]
KEEP READING . . .Can a landlord collect rent if the house is in foreclosure?
While the number of homeowners facing eviction has been reduced in recent years as cases have been resolved, there still remain properties that remain in the foreclosure process. In many of these cases, the files have sat in the court, untouched and unmoved, as creditor banks decide which properties are worth (and not worth) foreclosing […]
KEEP READING . . .In bankruptcy, is there a difference between a “debt” and a “claim”?
Legal cases often hinge around very fine, technical distinctions between words. This is one of those times. In this article, we’ll take a look at a very important issue: in bankruptcy, is there a difference between a “debt” and a “claim?”
KEEP READING . . .In Bankruptcy, Creditor Must Prove Sufficient Fraud Facts to Have a Debt Declared Nondischargeable
Bankruptcy can offer debtors incredible relief when successful. Debtors that may have overextended themselves, but then came under hard financial times are often reluctant to file because they are highly optimistic that the can recover and return to better financial times. Often, though, the hole they find themselves in tends to get deeper. For creditors […]
KEEP READING . . .Avoid Judgments against Property in Bankruptcy (Equity not required!)
One really powerful goal that people (particularly homeowners) can try to accomplish in a bankruptcy case is “avoiding liens.” When a lien is avoided, it basically means that it’s status as a secured obligation is undone, and the result is that the balance owed is a (usually) an unsecured claim, like most credit cards or personal […]
KEEP READING . . .FORECLOSURE MODIFICATION PROGRAM ENDING SOON! ACT NOW TO TRY AND SAVE YOUR HOME!
If you or someone you know is facing foreclosure, the time to act is now. The HAMP program (Home Affordable Modification Program) is set to come to an end at the end of this year, 2016.
KEEP READING . . .