Author: Samuel Colon

If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued

Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued

Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. … Continued

If you’ve been watching the headlines, you know that rising foreclosure rates are back on the radar in New Jersey—and that can spell both opportunity and anxiety for everyday buyers and sellers in New Jersey. Whether you’re hoping to snag a bargain or worried about protecting your equity, understanding what’s behind the uptick (and how … Continued

If you remember nothing else, know this: pre-foreclosure is the warning light; foreclosure is the tow truck. Acting while you’re still in pre-foreclosure keeps more doors—and dollars—open. Below you’ll learn exactly how the two stages differ, how they affect your credit, and why selling quickly to a trusted cash buyer like We Buy NJ Real … Continued

Facing foreclosure can make every phone call from the bank feel like a countdown clock. Yet even in a high-cost, high-demand market such as New Jersey, you still have time—and more leverage than you think—to keep or exit your home on your terms. This guide dives deep into Stopping the Foreclosure Process in New Jersey. … Continued