The New York Times had an important front page story yesterday in regard to debt modification or debt settlement agencies. These for profit companies take large fees upfront while making extravagant promises as to what they can do for you.  Most of the time, people end up being sued for their debts or foreclosure and end up with nothing for the fees and aggravation.  A licensed attorney can help you with defending against lawsuits, negotiating settlements or a bankruptcy filing. Contrary to w...
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I have a new column up at NewJerseyNewsroom on what to do when you fall behind on your mortgage.  Click here for the full piece.
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Today it appears that the Stuyvesant Town purchase by Tishman Speyer and its partners will go down as one of the biggest real estate flops ever.  The huge residential complex was purchased for $5.4 Billion in 2006, and never really made much sense.  As the New York Times is reporting, Tishman Speyer and Blackrock are planning to default on this months mortgage payment. This deal would have fallen apart even had the economy not tanked, and it would probably be best if the mortgage lenders just...
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