Even the Affluent Face Loss of Homes

NJBIZAugust 27, 2009

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Summary


Glenn Reiser, a partner in the law firm of LoFaro & Reiser LLP in Hackensack, says he is seeing "a tremendous increase" in the number of dis- tressed homeown- ers calling in for what his trade calls "foreclosure mitigation servic- es." Reiser says the firm has been get- ting three to five such inquiries a week since March, compared with one or two a week in January and February.

HOMEOWNERS in the state facing mortgage foreclosures are heading in droves to law firms, state agencies and nonprofits for advice on how to save their homes or buy time before they hand over their keys. Glenn Reiser, a partner in the law firm of LoFaro & Reiser LLP in Hackensack, says he is seeing "a tremendous increase" in the number of dis- tressed homeown- ers calling in for what his trade calls "foreclosure mitigation servic- es."

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Even the Affluent Face Loss of Homes

HOMEOWNERS in the state facing mortgage foreclosures are heading in droves to law firms, state agencies and nonprofits for advice on how to save their homes or buy time before they hand over their keys. At the same time, lenders...

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