New Jersey Attorney Says High Taxes Make for Foreclosure Perfect Storm
Observation and comment by Adam Deutsch, Esq.
” Foreclosures are up 17% through the first quarter of 2015 in New Jersey,” says Adam Deutsch, Esq., of the law firm of Denbeaux and Denbeaux.
“The article “New Jersey still caught in Foreclosure Nightmare” , written by Alan J. Heavens, Inquirer Real Estate Writer, makes a good point, that much of the sustained problem in New Jersey may be attributable to the state’s tax burden. New Jersey has the second highest average property tax bill in the country at $8,108 for a single family home. At that rate, a new assessment could easily be the difference that pushes a homeowner over the edge to default. This adds to the perfect storm that has created a seemingly never ending housing recession in the state,” he concludes.
New Jersey still caught in foreclosure nightmare
Read more at http://www.philly.com/philly/classifieds/real_estate/20150427_New_Jersey_still_caught_in_foreclosure_nightmare.html#qLL2GTUmkUjyt6Lo.99
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ADAM DEUTSCH is a Senior Associate Attorney at Denbeaux & Denbeaux currently concentrating his practice on consumer rights litigation. More specifically, Mr. Deutsch represents consumer debtors in plaintiff suits seeking relief under federal statutes including the Fair Debt Collection Practices Act, Real Estate Settlement Procedures Act, Truth in Lending Act, Fair Credit Reporting Act and state statutes such as the New Jersey Consumer Fraud Act.
Latest posts by Adam Deutsch (see all)
- Episode 12 NJ Attorney Sees Debtors Legal Rights Enforced with FDCPA - January 13, 2016
- Episode 11- Adam Deutsch and R. Jared Stepp on NJ Foreclosure Defense Issues - September 18, 2015
- Episode 10 – Bank Denial of HAMP loans against TARP’s Purpose for Homeowners Facing Foreclosure - July 31, 2015
- Episode 9 – The Third Circuit Court of Appeals issues new ruling on the (FDCPA) Fair Debt Collection Practices Act and the Least Sophisticated Consumer Standard. - July 6, 2015
- Episode 8 – Financial Consumer Rights Talk – Know Your Rights Part II (RESPA). Loss Mitigation and Loan Modification Through the Real Estate Settlement Procedures Act - June 29, 2015