Desperate homeowners seeking to retain their homes are a common target for scam artists looking to take advantage of a difficult situation. While there are legitimate programs out there, they are few and far between.The reality is that when you have few options...
Blog
oliverandlegg
A breakdown of the foreclosure process
The challenge of understanding the foreclosure process often only adds to the stress of the situation as a whole. Many New Jersey residents currently facing foreclosure feel overwhelmed not only by the process, but by the task of searching for a new living space....
You can take steps to improve your credit
Facing debt is a common difficulty that most people deal with at some point in their lives, but some individuals get overwhelmed and feel it is too much to overcome. In many cases, the pressures of financial difficulties are so hard to bear that people may think that...
Can I shed my second mortgage with Chapter 13?
In these uncertain financial times, many New Jersey residents may find themselves encumbered by second mortgages that leave them heavily in debt with home values that are upside down. That can be very discouraging and cause debtors to lose hope that they will ever get...
Can I talk to my creditors about my credit card debt?
You might believe that everything on your credit card bill from the interest rate to the minimum payment is set in stone, which in turn makes it impossible to get out from under your current credit card debt. Debt fears, however, should not overwhelm you or your New...
Answering some common bankruptcy questions
People who are considering bankruptcy will, understandably, have a lot of questions about how the process works and what bankruptcy can ultimately do for them. Today, we would like to answer some of those frequently asked questions so that people who are in dire...
3 reasons a short sale isn’t a good deal for you
A short sale is something that could help you sell your home and get out of debt. It could help you erase debt beyond what you can sell your home for and give you an opportunity to start over. However, there are some negatives that you need to consider.Short sales...
An automatic stay might help you avoid foreclosure
Between a monthly car payment, utility bills, a home mortgage and a job that never seems to pay quite enough, it is easy to fall into a never-ending cycle of debt. As a Monmouth County resident, you probably have friends and neighbors in the same situation. If you are...
Don’t depend on the government for student loan debt relief
When students elect to continue their post-secondary educational journeys, in order to be able to afford tuition, books, housing and other school-related expenses, many apply for student loans.There is nothing inherently wrong with taking out loans to further one's...
Can you keep your home during New Jersey Chapter 7 bankruptcy?
There are many myths and lots of misinformation floating around about bankruptcy, especially Chapter 7 bankruptcy. People with significant credit card debt, medical debt or collection activity could benefit from bankruptcy relief and protections. However, believing...
