Showing posts with label REPOSSESSION. Show all posts
Showing posts with label REPOSSESSION. Show all posts

Wednesday, February 24, 2021

MORTGAGE ARTICLE - BANKRUPTCY ATTORNEY IN HUDSON COUNTY NJ (201) 646-3333

 

EMC MORTGAGE CORPORATION, Plaintiff-Respondent,
v.
MATTHEW FITZROY, Defendant, and
PATRICE SPRINGETTE, Defendant-Appellant.
No. A-2884-11T1.

Superior Court of New Jersey, Appellate Division.


Argued telephonically September 23, 2013.
Decided September 30, 2013.


David M. Schlachter argued the cause for appellant (Law Offices of David M. Schlachter, LLC, attorneys; Mr. Schlachter, on the brief).

Sanjay Ibrahim argued the cause for respondent (Parker Ibrahim & Berg LLC, attorneys; Anthony Del Guercio and Melinda Colón Cox, on the brief).

Before Judges Reisner and Carroll.

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION

PER CURIAM.

Defendant Patrice Springette appeals from an order dated December 16, 2011, denying her motion to return this foreclosure case to mediation, and a February 7, 2012 order, denying an application for a stay of eviction from the foreclosed premises.[1] For the reasons that follow, we affirm.



In 2005, Springette and her then-fiancé (defendants) obtained a $371,250 loan, secured by a mortgage on their home. They defaulted on the loan in 2006. Plaintiff filed its foreclosure complaint on December 18, 2006. On January 25, 2007, defendants filed a "cross-complaint" asserting that some of their mortgage payments were misapplied. However, their pleading did not deny that they were in default. Springette and her fiancé both signed the cross-complaint. On July 20, 2007, the trial court granted summary judgment striking the answer and defenses. A final judgment of foreclosure was entered on December 4, 2007, and the property was sold at a sheriff's sale on August 19, 2009.

On August 24, 2009, defendants filed a motion to vacate the foreclosure judgment and to vacate the sheriff's sale, alleging that Springette was not served with the foreclosure complaint and defendants were not served with notice of the sheriff's sale.

By order dated November 6, 2009, Judge Glenn Berman denied the motion, noting that both defendants were served with the complaint by mail and filed an answer, and that notice of the sheriff's sale was posted on the premises. Defendants did not appeal from that order. Instead, on January 27, 2010, they filed another motion to vacate the sheriff's sale, this time contending that they had been making mortgage payments pursuant to a forbearance agreement. Judge Berman denied that motion by order dated March 19, 2010. However, he also ordered the parties to participate in mediation. Defendants did not appeal from that order either.

After the case was not resolved at mediation, Springette filed a motion to require continued mediation based on her claim that plaintiff failed to fully participate in the mediation. Her motion was supported by a certification from an attorney who had not participated in any of the mediation sessions and had no personal knowledge about those sessions. Plaintiff filed opposition, supported by a certification of counsel attesting that either he or one of the firm's associates had attended the mediation sessions and that the mortgage company's representative had been available to participate by telephone. Judge Berman denied the motion by order dated December 16, 2011.



On this appeal, Springette argues that the trial court should have vacated the final judgment of foreclosure and the sheriff's sale. Those arguments are not properly before us, because she did not file a timely appeal from the trial court's orders denying that relief. However, they are also without merit for the reasons stated by Judge Berman. Springette further argues that the trial court should have ordered continued mediation, because plaintiff failed to "meaningfully" participate in the prior mediation process. Plaintiff presented evidence that its counsel attended all eight mediation sessions and that a representative of the mortgage company was available by telephone for those sessions. Based on the record presented to us, we find no abuse of Judge Berman's discretion in denying the motion to continue the mediation. See U.S. Bank Nat. Ass'n v. Williams, 415 N.J. Super. 358 (App. Div. 2010).

Affirmed.

[1] The February 7 order stayed the eviction until February 17 but denied any further stay. On February 16, 2012, we denied Springette's application for a stay of eviction pending appeal. She has not briefed the validity of the February 7, 2012 order and we will not address it here. According to plaintiff's brief, Springette is still living in the foreclosed premises, although the loan has been in default since 2006. This appeal was referred to the Civil Appeals Settlement Program, but no settlement was reached.

Thursday, October 29, 2020

BANKRUPTCY MISTAKES - BANKRUPTCY LAWYER IN HACKENSACK NJ (201) 646-3333

 BANKRUPTCY MISTAKES


Do not make these mistakes.  They can cause your case to be delayed and even cause the judge to deny your discharge.


1. Don’t Pay Back Loans To Relatives Or Business Associates Before Filing Bankruptcy.


People who are thinking of filing for bankruptcy often feel the desire to pay back loans to friends and family before filing the petition. This is understandable, but it is a big mistake. Under bankruptcy law all creditors who are in the same position must be treated equally. Bankruptcy law views your debt to Uncle Bob as just like your debt to Capital One Visa. You can’t pay Uncle Bob first. If certain creditors are paid ahead of others this is called a “preference.” If a preference occurs the bankruptcy trustee can get a court order forcing Uncle Bob to return the money. This is not good for family harmony.
Even worse than a “preference” is a “fraudulent transfer.” If the court finds that money was paid to a relative in a deliberate attempt to hide assets, this can be found to be a fraudulent transfer. This can result in the complete denial of your discharge, and possibly even criminal charges. This is a very serious matter. If you try and hide things from the court you could end up going to jail.

2. Don’t Transfer Property Out Of Your Name.


Do not transfer ownership of valuable items to family members or others just before filing bankruptcy. If this is discovered the bankruptcy trustee will seek to reclaim this property and sell it for the benefit of creditors. Such transfers of title are frequently unnecessary anyway, because bankruptcy law often provides protection for your home, car, and other valuable items. As with everything in bankruptcy, the key is to be fully honest, disclose everything, and put your cards on the table.

3. Don’t Drain Your 401k To Try And “Catch Up” On Your Debts.


Most retirement funds are protected in bankruptcy.  You will ordinarily be able to wipe out all your debts and still keep your retirement accounts. It is not a good strategy to withdraw money from those accounts and use it to try and catch up on bills that you can’t pay. Most of the time bankruptcy is still required anyway even after you spend the money from the 401k, and then you will have the same bankruptcy but your retirement account will be gone. Don’t make this common mistake.

4. Don’t Wait To File Bankruptcy Until After A Foreclosure Or Repossession.


People often struggle for years under an impossible debt load until they are forced to take action due to a foreclosure or repossession. But this is a wasteful and painful road to travel when your debts are too heavy to carry. If bankruptcy is going to be necessary, it is almost always better to file it sooner rather than later. There is no benefit to be had by spending thousands of dollars and suffering tremendous stress and anxiety chasing after debts that can never be paid. Under U.S. law you have a right to a second chance and fresh start through bankruptcy. Your family will thank you if you get the information you need as soon as possible. Don’t wait until you are faced with an emergency.

5. On The Other Hand, Don’t Rush Into Bankruptcy When It Is Better To Wait.


Although it is usually better to file bankruptcy at the earliest time, in some situations it can be just as important not to file too soon. For example, if you are pregnant or you can see that certain medical bills are likely to arise in the near future, then it is probably best to hold off on filing. It makes no sense to discharge your credit card debts in bankruptcy and then immediately face crushing and unaffordable long term medical bills.
Remember, you can only file chapter 7 once every eight years.
Another reason to wait before you file is if you are expecting an inheritance or large tax refund. Under bankruptcy law a tax refund is treated like cash and depending on your state exemptions you may not be able to keep it. If you are expecting to receive cash of this nature it might be better to hold off on filing until after you receive the money. You can then use this money to pay down non-dischargeable debts like student loans and child support arrears. That way when the bankruptcy process is complete you will be left with a lighter burden as you move forward.
The point here is that sometimes in bankruptcy, timing is everything. There is nothing improper about using the time factor to your advantage within the boundaries of what is legal under the Bankruptcy Code. People do this all the time in relation to tax matters and no one considers it to be improper. You should check with your bankruptcy attorney to get advice on timing under the particular circumstances of your case.

6. Don’t Use Credit Cards Or Take Cash Advances Right Before Filing.


Once you have seriously considered bankruptcy as an option you should immediately stop the use of all credit cardsBankruptcy law does not allow you to run up credit card charges that you know you will not be able to repay. Credit card use in the months before filing bankruptcy can result in a denial of discharge for some or all of your debts.  It can even result in criminal charges.

7. Don’t Disregard Pending Lawsuits.


Sometimes people assume that if they’re planning to file bankruptcy, they don’t have to respond to or appear in court for pending lawsuits. This is not true.  If lawsuits are allowed to continue before the bankruptcy is filed, this can result in liens against your property. After the petition is filed you will be protected by the “automatic stay,” but until that time be sure not to ignore legal actions take against you.

8. Don’t Keep A Large Amount Of Money In Your Bank Account On The Day You File For Bankruptcy.


If you have more than a minimal amount of money in your bank accounts on the day you file for bankruptcy, the trustee may take it and distribute it to creditors. You should time your bankruptcy filing so that the lowest amount possible is in your bank account the day (and hour) that you file. Keep in mind that you cannot simply withdraw the cash to reduce your account. Rather, you must empty your account, as much as possible, by using it up paying normal living expenses and non-dischargeable debts.
As a related matter, it is a good idea to move your bank account if you have your account with the same bank that issued your loans or credit cards. Once you file bankruptcy that bank has the right to “setoff.” This means that the bank can take the money in your account to cover your loans on the day you file. Therefore, if the bank is your creditor you should move your money to a different bank before filing.

9. Don’t Fail To Attend Your Hearing(s).


In most cases, you must attend just one bankruptcy hearing in a chapter 7, and two in a chapter 13. If you don’t attend these hearings, the court could dismiss your bankruptcy.  This would mean that you would lose any legal protection you had from the bankruptcy and you would go back to the same position you were in before filing.

10. Don’t Withhold Information From Your Lawyer.


No one likes to reveal the details of their finances, especially when dealing with a bankruptcy. But it is very important to understand that honesty and full disclosure are absolutely essential. The law is actually on your side in bankruptcy. If you follow the rules, bankruptcy is a powerful tool that can give you a second chance and a fresh start.  But in exchange for that fresh start, bankruptcy law requires that you put all your cards on the table. Your bankruptcy lawyer must be aware of all the facts in order to protect your interests.  Lack of information creates serious risks.
It is also important to remember that you will sign your petition under oath, expressly stating that you have fully disclosed all relevant facts. If you hide facts you can lose assets, have your bankruptcy case dismissed, and even face criminal charges. Your lawyer also may withdraw from your case if you are not completely honest.
Remember, withholding information from your lawyer is never the right choice.  You will never obtain a better result by hiding information, and you will risk the possibility of serious negative consequences.

Tuesday, October 27, 2020

REPOSSESSION - BANKRUPTCY ATTORNEY IN BERGEN COUNTY - (201) 646-3333

 

REPOSSESSION


BANKRUPTCY LAWYER IN HACKENSACK 

NEW JERSEY (201) 646-3333


Anyone who has fallen behind on their car payments or other loans for personal possessions or work tools eventually faces the threat of repossession.  Miss too many payments and your truck or car may suddenly be seized by the dealership or bank from your home or where you work.  If you have so many debts that you simply cannot keep up with even the minimum payments or have begun to use one credit card to pay off another you need help. There are solutions to such serious financial problems. One solution to consider is bankruptcy.  To find out more and learn how bankruptcy could protect your car or other possessions from repossession you should speak to a northern New Jersey 

My name is Alex. I recommend Mr Rafael Gomez, he did a wonderful job, he came highly recommended and it proved to be true and if you're ever ever need a great attorney he's the right person for the job and he'll stay with you due to the end and hopefully things will work out. Thank you.