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Helpful Tip If You’re Facing Foreclosure

November 18th, 2011 by Bruce Ikefugi | No Comments | Filed in Debt Protection, Foreclosure, Real Estate Law

Our real estate department handles all types of real estate related matters, including foreclosures.  This might be an unpleasant task, however the local lenders we represent are very understanding and sympathetic to their borrowers’ plights.  I have had our banks agree to postpone actions and sales, and to work out payment plans, or allow a home to be sold for less than the loan amount very often. (more…)

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Income Tax Relief for Property Owners facing Foreclosure

November 10th, 2008 by Carly Speyer | No Comments | Filed in Real Estate Law

Though the Buffalo area has not been hit as hard by the mortgage crisis as other parts of the country, there are still many local people who are affected. Whether in a foreclosure situation or in negotiating with a lender to accept something less than the full mortgage debt that is owed (a “short sale”), a homeowner may end up having a portion of his or her mortgage debt forgiven by his or her lender. In the past, (more…)

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