Absecon, NJ
Real estate Lawyer at Absecon, NJ
Practice Areas: Real Estate
OUTCOME: Foreclosure avoided - Borrower obtained modification of both first and second mortgages
After filing an Answer to a Foreclosure Complaint, I successfully pursued a modification of the first mortgage. This included analysis of borrower financials and negotiation with the lender's represent ... ative. I then used that financial analysis to successfully negotiate a plan for reinstatement of the second mortgage.
OUTCOME: Taxpayer Received Assessment Reductions: 17% in Yr 1 and 23% in Yrs 2 & 3
Property condition and use did not justify assessment based on local appraisal expert's report. I set up a meeting between the City expert and taxpayer's expert at the site and they agreed upon an asse ... ssment that was submitted to the Court in settlement of the appeal.
OUTCOME: Foreclosure complaint withdrawn under NJ-BOA Consent Judgment
Borrower and property were covered under the Consent Judgment between the State of New Jersey and the Bank of America. Persistence caused lender counsel to agree to withdraw the foreclosure complaint. ... Borrower was provided with advice and ideas on how to pursue mortgage modification that was ultimately obtained.
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