Learn how long it takes to get an FHA, VA, USDA, or conventional mortgage loan after Chapter 7 or Chapter 13 bankruptcy. Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Filing for bankruptcy doesn’t have to put a damper on your home buying dream—at least not for long. Lenders have eased requirements, opening the […]
Is It Better to Buy or Rent?
Submitted by Lee M Perlman, New Jersey Bankruptcy Attorney. Originally published in the New York Times. The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it hard to tell which is […]
Loan Complaints by Homeowners Rise Once More
By JESSICA SILVER-GREENBERG and MICHAEL CORKERY Daniel Rosenbaum for The New York Times Wanda Darden, at home in Riverdale, Md. Her mortgage has bounced among three loan servicers, leading to increasing mix-ups. “I either get conflicting answers or no answer at all,” she said. A growing number of homeowners trying to avert foreclosure are confronting […]
Why You Shouldn’t Reaffirm a Mortgage in Bankruptcy
I recently got a phone call from a client. She got a letter from her mortgage company giving her the “opportunity” to reaffirm her mortgage. She wanted to know whether she should do this. I told her, “Absolutely not.” In the overwhelming majority of cases, it makes absolutely no sense to reaffirm a mortgage debt. […]
