The Law Offices Of Chaifetz & Coyle, PC

10/02/2014

I am very excited to announce the establishment of The Coyle Law Group, LLC. C&C is disbanding so that I can focus my efforts on Bankruptcy, General Litigation, and Foreclosure Defense. In the near future, we will have all of the firm's social media in place.

In the meantime, our contact information is as follows: 6700 Alexander Bell Drive, Suite 200, Columbia, MD 21046; phone: 410-884-3180; [email protected].

Thank you and all of us at The Coyle Law Group look forward to continuing to serve the needs of our clients.

05/22/2014

Chaifetz & Coyle, PC has begun a Student Loan practice as part of its Consumer Debt Department Student loans are daunting debts that are very difficult to discharge in Bankruptcy. However, there are ways to negotiate with the holder of these debts to make payments more manageable if you are experiencing difficult financial circumstances.

If you or anyone you know would like to discuss options related to student loan debt, call us at 443-546-4608.

08/15/2013

Chaifetz & Coyle and its real estate arm, Advance Realty of Maryland, is pleased to announce the establishment of a relationship with Chase Mortgage that can result in our short sale clients obtaining loan approval in 48-72 hours!

This is an exciting opportunity that could provide a significant benefit to our clients. If you have any questions, feel free to call Michael Coyle at 443-546-4608.

08/12/2013

Chaifetz & Coyle is excited to announce the opening of Advance Realty of Maryland, a real estate brokerage associated with the firm to not only assist our Short Sale clients but act as a full service brokerage for all buyers and sellers.

Know that we will show the same diligence and attention to client needs that has been the hallmark of our legal practice.

We would love to be a valuable resource for you for any of your home needs, so feel free to call Mike Coyle (443-546-4608) if you have questions regarding a sale, upgrade, renovation or a move!

07/24/2013

Notice re important change in Maryland Law related to short sales!!!

Maryland has now passed a law (the Maryland Mortgage Assistance Relief Services Act) that essentially prohibits real estate agents from negotiating short sales of properties with banks.

However, attorneys can still negotiate short sales with banks, and a short sale can be a very complicated process with significant tax consequences.

If you have questions regarding short sales or other real estate matters, call us at 443-546-4608.

06/18/2013

This Washington Post article highlights a significant misunderstanding of homeowners in foreclosure.

Simply abandoning the property does not resolve your problems with the bank. After a foreclosure sale, the bank can still sue you for the difference between what you owe and what the house sold for.

If you are in foreclosure, you need to be proactive, consider filing for bankruptcy or short selling the property to resolve your liability.

http://www.washingtonpost.com/investigations/lenders-seek-court-actions-against-homeowners-years-after-foreclosure/2013/06/15/3c6a04ce-96fc-11e2-b68f-dc5c4b47e519_story.html

In a shock to many former owners, collectors can pursue the “underwater amount” of mortgage, plus interest.

06/18/2013

Facing Foreclosure? You can still keep your home!

http://unbouncepages.com/chaifetzandcoyle/

06/06/2013

Be aware of loan modification scam artists and know the rules!

1) only a law firm can charge you in advance for a loan modification; 2) a law firm must have attorneys who are allowed to practice in your State to represent you; 3) a law firm can only charge a "reasonable" fee. Firms that charge a flat fee every month regardless of the time spent and results achieved are not charging a reasonable fee.

Do you have questions about this or other foreclosure-related topics? If so, call us at 443-546-4608 or email us at [email protected].

06/05/2013

Are you considering a short sale of real property? Keep the tax consequences of the forgiven debt in mind.

If it is your primary residence, by law, any debt forgiven by the bank will not be taxed as income. However, if the property is not your primary residence, the forgiven debt will likely be considered income on which you will have to pay taxes.

06/03/2013

Tired of losing sleep over debt? We can help!

http://unbouncepages.com/chaifetzandcoylebankruptcy/

05/31/2013

Do not be scared into paying creditors when you are protected!

To often we get calls from people, especially elderly individuals, on social security who are frightened that they have been sued and their benefits are going to be garnished.

By law, social security benefits are 100 percent protected, so no creditor can garnish that income. In fact, any threat to garnish that income could entitle you to monetary damages.

Do you have questions about this or other Bankruptcy-related topics? If so, call us at 443-546-4608 or send an email to [email protected].

05/30/2013

Make educated decisions when you are dealing with debt problems!

People sometimes try to resolve debt by negotiating a reduced payment to a creditor. If you do this, the debt that is forgiven is considered income. So if you have a $15,000 credit card bill and the credit card company forgives $9,000, you will pay income tax on that $9,000.

Do you have questions about this or other Bankruptcy-related topics? If so, call us at 443-546-4608 or send an email to [email protected].