Capitalize on Last-Minute Tax Breaks by Contacting a Real Estate Attorney An advantageous tax break expires December 31, 2016, bringing serious financial implications to homeowners in need of a short sale and mortgage debt forgiveness. Specifically, the Mortgage Forgiveness Debt Relief Act, which allows homeowners to exclude up to $2,000,000.00 of income from forgiven debt on…

New Jersey currently has over 4,000 zombie foreclosure properties, highest in the US The foreclosure crisis in New Jersey is creating unique opportunities for buyers of distressed properties, whether seasoned investors or first-time buyers. Zombie properties are houses that have been vacated before the foreclosure process is completed, leaving these properties vacant. A full 21%…

We Have Averaged 7 Weeks To Obtain Short Sale Approval Over The Last 12 Months Foreclosure filings remain fast and furious in New Jersey. Many borrowers still find themselves in the difficult position of owing lenders amounts that far exceed the market value of their property. Short sales also continue to be the most attractive…

Last December, President Obama signed an extension of the Mortgage Forgiveness Debt Relief Act through 2016, which is good news to thousands of NJ homeowners as the option of short selling or foreclosing on their homes has remained a viable option for many. The Mortgage Debt Relief Act initially covered 2007 through 2010, but has…

Ben Dash was interviewed by Star Ledger reporter Tom De Poto for an article appearing on January 6, 2013 pertaining to the one-year extension of the Mortgage Forgiveness Debt Relief Act.

Good News for NJ Homeowners Moorestown, N.J. – As part of the American Taxpayer Relief Act of 2012, or the “fiscal cliff” bill, passed by Congress on Jan. 1, a one-year extension has been approved for the Mortgage Forgiveness Debt Relief Act (the “Act”). Created in 2007, the Act has provided homeowners a tax exemption…

Homeless Man now in a Tent City in NJ Never Received the Proceeds from the Sale of his House Moorestown, N.J. – The real estate practice of the law firm of Dash Farrow LLP representing Doug Hardman, the homeless man now living in a tent city after an anti-poverty volunteer profits from the sale of…

An article by the Associated Press highlights the descent of Doug Hardman, a Dash Farrow client, from a successful carpenter to a homeless man living in Lakewood’s Tent City. Hardman alleges that Wallace Doman III, a volunteer with a homeless assistance program, and a real estate company for which Doman previously worked, sold his home…

Short End of the Short Sale Don’t let this happen to you. Just three hours before a homeowner could have closed on a short sale on her home, the bank foreclosed. The seller in this case lost three buyers over two years due to slow response from her mortgage lenders. And when it came to…

The Year of the Short Sale Chances are you have heard the term short sale before. If you are in a predicament where you owe more on your mortgage than your house is worth, you may have considered or are considering just such a short sale solution. Many New Jersey residents are in the same…