Vested Land Services LLC - about underwater properties and their mortgages

We at Vested Land Services LLC are not strangers to the plight of New Jersey homeowners.

They say a picture is worth a 1,000 words.  Well, here's one about underwater properties.

An "underwater" property is one where the value of the property is 75% less than the amount of the mortgage on it.

According to a recent report NJ.COM, hundreds of thousands of NJ homeowners find themselves in this situation.


What's to be done.  Unlike Mrs. Hobbs' request above, there will be no downward adjustment to the monthly mortgage bill.  But there are programs, Federally-backed, that allow the lender to modify mortgage the mortgage balance and restructure the loan in ways that provide some sort of relief to the homeowner.

Vested Land Services LLC, NJ's premier title agency, can help you get going if you want to stay in your home,  Give us a call and we'll get you started in maintaining your dream.

For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us. We can help. Located in Fairfield, NJ, we are the title insurance agent that does it all for you.

For your next title order or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645
www DOT vested DOT com

E-mail sflatow AT vested.com

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