The SandPaper/Wednesday, February 1, 2012 31 Y ca- . The . t. option is the culty making cations to keep “Deed in Lieu THE Foreclosure cation. Most banks

(Mortgageciency Debt Short Sale and a PHILIP J. SAVARESE PHILIP J. Inc. Coastal Realty, Greater 609-597-SOLD (7653) [email protected] www.greatercoastal.com Sponsored by Sponsored . Home values will recover. will recover. . Home values SK pside Down”, “Underwater”, “Underwater”, pside Down”, Equity” – all terms we “Negative hear relating to the Real Estate cation denied? Downsizing? cation denied? Downsizing? ciency judgment that will follow judgment that will follow ciency EXPERT A Your Mortgage? Your Upside Down On Upside Down Your equity in your property equity in your is the Your diffi are having If you Modifi other options: a Two In a foreclosure, everyone loses. Your Your loses. In a foreclosure, everyone Talk of these options? Considering any U Market and Housing Crisis. What does it and Housing Crisis. Market options? are your mean and what really mortgage to your lender owe amount you property. the current of your versus value more owe you when are underwater You do not need than its current If you value. payments, your can make and you to move do nothing and payments your Continue to make commitment to the lender - honor your signed and you the money you gave they guaranteeing the loan. a note personally This is the right thing to do. In time, real will recover increase so you estate values see a profi equity and probably your home, in your to stay but want payments consider a loan modifi modifi are willing to make the want Banks do not in the property. you property back. Successful loan modifi re- result in the homeowner tions usually to a interest expense ducing their monthly foreclosure, avoiding can afford, they level house. in your you and keeping The Relocating? to maintain you allowing best alternative, dignity and minimize the damage to your You foreclosure. avoiding credit by your a deficiency judgment will also avoid in the amount the bank (the difference at closing and the amount you receives primary if it is your residence, and owe) to pay you will not expect the government on the defi the taxes considered Act of 2007), normally Relief the give income. Mortgage lenders may to complete a monetary incentive borrower the short sale rather than foreclose. Of Foreclosure” lenders prefer a “Deed in Lieu” – they lenders prefer a “Deed in Lieu” – they This is a voluntary process lose. win, you property. the lender your give you where credit is damaged and the “Deed” Your credit report.appears on your Short sales are a far choice. the lender has damaged, credit is severely costs to retain the property, to incur heavy will be left with and in all probability you a defi for years. you At- your local Real Estate Broker, to your change), and your constantly torney (laws Accountant to get the latest information. “ annual th Continued on Page 32 on Page Continued nally getting my voice back,” she back,” voice getting my nally ori Pepenella of the Southern Ocean ori Pepenella was of Commerce County Chamber Wash- train to networking on board the The Amtrak charter train carried business The “I’m fi meeting people and re-acquaint- “You’re of a lot In the business climate, “there’s Also an issue among merchants is the fact are calling lot of smaller businesses “A at- at the dinner, the speaker Christie was Ideas Exchanged Ideas On Capital Train On Capital Walk to Washington. Washington. to Walk state to the nation’s leaders from around the in Con- capital to dine with representatives along with Gov. Legislature, gress and the N.J. The event members. Christie and his cabinet the because Washington to Walk is called the the 12 train cars walk sit; they riders rarely As business cards. talking and exchanging Organiza- Marketing the state Destination Pepenella chamber, tion director for the local and business. She got aboard tourism talked journey in Philadelphia. the multi-leg said with a laugh on Monday. you’re with others – basically, ing yourself said. “I Pepenella contacts,” making new had the opportunity to see some people from see on a I don’t throughout the state who a wonderful certainly basis. It was regular a part to be thing for our region of it because happening part of what’s that we’re it shows throughout the state.” business is coming going on; new excitement of discussion, a lot said. “There was she in,” increase (from too, about the minimum wage the current $7.25 per hour to $8.50) that is be- a lot of the that affects Trenton ing proposed in business owners.” any small-business owners, sales tax on pay that Internet consumers don’t items purchased from out-of-state. people that saying the term ‘showrooming,’ are getting all the advice and follow-up from salespeople and then going online reported. Pepenella and shopping around,” is are saying “What some business owners that the sales tax is supposed to get reported if there to know wanted They but doesn’t. that is going to help kind of leverage is any not just in New businesses compete – that’s with Internet but is going on all over, Jersey, sales vs. brick-and-mortar shops.” an estimated 900 people. “He had tended by business is how about things to say positive Pepenella rebuilding in the state,” steadily things that are have we “and how reported, ington, D.C., Jan. 26, talking tourism and talking tourism and Jan. 26, ington, D.C., taxation with other participants in the New 75 Chamber of Commerce’s Jersey L

800-444-8507 Continued on Page 32 on Page Continued —J.K.-H.

* * * * * * —M.S. On Who’s Who List On Who’s Calls for Exhibitors Exhibitors Calls for OCC Senior Living Expo OCC Senior Living Chiropractor Nicole Bonner Chiropractor Conveniently located at 295 Route 72 East Route 72 Conveniently located at 295 Manahawkin, NJ 609-597-8507 The directors of The Heritage Registry of The directors of Ocean County College encourages area busi- Ocean County College “This is a great busi- opportunity for your Expo highlights include: health and wellness and orga- fee for businesses The registration there will be If a booth requires electricity, are due forms,Reservation with payment, Expo is sponsored by The Senior Living contact more information or to register, For The Gables’ wedding website can be seen at can be website wedding The Gables’ Who’s Who announce the inclusion of Nicole Who’s nesses and organizations to reserve at the a space nesses and organizations Expo, to be held second annual Senior Living March 15, Thursday, from 10 a.m. to 2 p.m. on River. Toms main campus in on OCC’s audience to reach a diverse ness or organization said RoseAnn D’Urso, manager of of seniors,” at the college. promotional programming screenings, presentations, free food samples from local eateries, entertainment, door prizes, and the opportunity to sell free giveaways, merchandise. nizations is $99, and includes an eight-foot-long, as a listing chairs, as well skirted with two table Learning’s for Lifelong Academy on the OCC site. Expo web Senior Living an additional fee of $24, as spaces with access to electricity are limited. 29. Feb. Wednesday, by Barnabas Health/Community Medical Center, Natural Gas and Ocean Jersey Harrogate, New County College. manager of resource develop- Joanne Padrone, 2065, or ment, at 732-255-0400, extension [email protected]. 5 percent of wedding professionals in the Wed- professionals in the 5 percent of wedding comprised community, local vendor dingWire professionals wedding of more than 200,000 The States and Canada. throughout the United wed- includes leading Network WeddingWire Wed- Project WeddingWire, ding planning sites and Weddings ding, Brides.com, Weddingbee. gableslbi.com. InsuranceOnLBI.com

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Reservations for the event are re- for the event Reservations was A similar open house in November is proud to announce a recent The Gables the recognizes program annual awards The congratulate“It is with great pleasure that we “The Gables Owner Sondra Beninati said, as part of the top is recognized The Gables entourages. From noon to 3 p.m., the open to 3 p.m., the open noon entourages. From the opportunity for couples to house provides sample hors d’oeuvres, and meet tour the venue, a handful of local as as well staff with Gables participate in weddings frequently who vendors at The Gables. be made via phone at quested and may e-mail 609-492-3553/888-LBI-GABLES or by at [email protected]. opted to hold another successful, so the owners got engaged during for couples who one now Day. Valentine’s or for the holidays distinction – the restaurant/bed and breakfast accommodation has been selected to receive in Award Choice Bride’s WeddingWire a 2012 Venue. & Reception the category of Ceremony Wedding- from the vendors top local wedding in demonstrate excellence who Network Wire and profession- service, responsiveness quality, The Gables industry. alism within the wedding from past chosen based on its stellar reviews was WeddingWire. clients, according to newlywed for their continued professional- The Gables ism and commitment to enriching the wedding said for engaged couples,” planning experience WeddingWire. Chi, CEO of Timothy de- chance, not by venue became a wedding for dinner and come A couple would sign. ... the right had exactly The Gables decide that atmosphere, great food and gracious charm that them provide We for their wedding. wanted they rather food, with a customized menu of four-star The bride and than the usual catering-hall fare. their own as if it were The Gables groom open and all of their family invited home and they’ve house for a won- Victorian friends to a great old Our garden becomes the ballroom derful party. also We site. ceremony a wonderful and makes fi have The Gables and Each bride is different, party. celebrates that.” T To Spotlight Weddings Weddings Spotlight To Open House at Gables Gables at House Open