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John P Fazzio III
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John Fazzio’s Answers

1,040 total


  • How can I get my w2 form from an employer that's not giving it to me because I owe money to the owner.

    I borrowed money from the owner from where I work so he's holding my w2 until I can pay what's owed back. I want to know if this is illegal in NYC?

    John’s Answer

    Yes. You are required to get your W2 by Jan. 31st.

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  • Are they supposed to supply me with a 1099 since they charged off the loan.

    My second mortgage company charged off my loan.

    John’s Answer

    You will receive a 1099, but if you are insolvent, you will not end up owing on your tax return.

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  • Will I be held responsible for any delinquency for either the 1st mortgage or second equity line loan?

    I filed Chapter 7 bankruptcy in 2009. Included in the bankruptcy was my 1st mortgage and a second equity line loan. Both loans were discharged in the bankruptcy and I kept my home and have been paying these loans until June of 2015. Because of ...

    John’s Answer

    You don't owe the debt if discharged in a 7, but the lien on the real property remains, and if you modify, the debt will be reaffirmed.

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  • What can I do to get this case dismissed since they do not have the Note?

    A law firm is trying to foreclose on my home but they do not have the Note from the original loan. The case has been continued a few times now. The judge told them that they need to produce the Note.

    John’s Answer

    You could always file an appropriate motion proactively. Some evidence of standing needs to be presented for the Judge to allow the bank to move forward.

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  • How long can I really stay in my home after receiving a sherrifs eviction notice?

    I'm senor citizen in my foreclosed home sold at sherrifs sale.

    John’s Answer

    It depends on a large number of factors. You should consult a local foreclosure attorney.

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  • Not sure what my options are. How do I respond?

    Filed a voluntary foreclosure on home property ( VT )1 1/2 yrs. ago. Attorneys for the mortgage co. have made a motion to the court that I pay for services rendered by them. I am not in a financial position to do this or to hire a lawyer. I have ...

    John’s Answer

    The best advice I can give based on such little information is to never let a motion of this time go unanswered as there could be dire consequences.

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  • Why is my lender asking for this? Are they asking me to sign over my rights? Or are they going to transfer property to me?

    Attorneys representing me and my mortgage are trying to stop a sell date. The lender is requesting a quitclaim deed for recorded at the courts.

    John’s Answer

    Like Mr. Boyer said, once you have an attorney, you have to follow their advice. A quitclaim deed is not a bad thing in the right circumstances. Speak to your attorney. They will guide you in the right direction.

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  • What should I do? Should I just let the house go into foreclosure or should I have a short sale of the house?

    My Dad just died in Connecticut and he left a lot of debt on his house. It is several hundred thousand dollars under water.

    John’s Answer

    You need to consult a local foreclosure attorney. If the house is underwater then there is no value to the estate, but it is occasionally possible to salvage an asset like this. It depends on the particulars of the real estate asset in question, the bank that holds the mortgage, and a host of other factors.

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  • Do I have a good foreclosure defense?

    Foreclosure defense? Condo association claims I owe them money. New Property Managment Company is claiming monies owed from when another Management Company was in place. Their accounting sheet states $300 is owed for May 2012. I gave them proof...

    John’s Answer

    Be careful with condominium association fees. There is generally no disputing these. Plus, you can be responsible for all fees, including attorney's fees.

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  • What do I do to ensure that I get paid upon my decision to leave this company? How do I file this job on my taxes?

    My employer is giving me the run around regarding payroll. Upon my first checks due date, my employer quite obviously lied to me and my co-workers with excuses as to why the checks did not arrive. He said thing like he mailed them and could not tr...

    John’s Answer

    You should find a different job. You have rights under labor law to be paid for back or unpaid services. He is probably violating payroll tax requirements. Cut your losses and get out now. You will end up in a worse position by staying. It is not worth working with an employer who behaves in this manner and who is not responsible when it comes to your pay.

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