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Vernon Office
Address244 State Hwy 94,
Vernon, New Jersey 07462PhoneFax -
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Pompton Lakes Office
Address58 Colfax Avenue #1,
Pompton Lakes, New Jersey 07442PhoneFax -
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Law Offices of James C. Zimmermann locations:
Ratings & Reviews
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I’ve worked with Mr.Zimmerman on two different legal issues. In both instances he was fantastic! He is extremely knowledgeable and compassionate and able to breakdown a course of action into language anyone can understand. I would highly re...
Show MoreI’ve worked with Mr.Zimmerman on two different legal issues. In both instances he was fantastic! He is extremely knowledgeable and compassionate and able to breakdown a course of action into language anyone can understand. I would highly recommend him to anyone.
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I highly recommend Mr. Zimmermann as an attorny. I recently purchased an investment property and boy was he helpful. He was easily available, very clear in explaining various concepts, laws and regulations, and provided very helpful tips o...
Show MoreI highly recommend Mr. Zimmermann as an attorny. I recently purchased an investment property and boy was he helpful. He was easily available, very clear in explaining various concepts, laws and regulations, and provided very helpful tips on negotiating. I found his fee to be more than reasonable espcecially given the incredible availability he provides. In addition, he's very flexible, and he has first-person experience with various trade workers, so that when we needed to have some feature evaluated, it was arranged lightning fast. The fee was reasonable, the results were thorough and the outcome was extremely good. I was, honestly, like a babe in the woods in navigating this transaction, but with Jim taking the time to walk me through everything and explain/answer any questions I had, it was a completely pleasant experience. And I got the property I wanted for the price I was willing to pay. Let's not overlook the staff: totally helpful and knowledgeable. 5 Stars in my book.
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- posted: Sep. 21, 2017
- Jim Zimmermann
- foreclosure,  reverse mortgage
Reverse mortgages are designed to allow you live off of the equity in your home. This type of loan pays off your mortgage, lets you live in the home "mortgage payment free" for life or until you leave the home. Often, these loans require that you pay the property taxes and insurance. Should you fail to do that, you will find yourself in foreclosure. Bankruptcy allows you to "catch up" on your missed payments and stop a reverse mortgage foreclosure. You will need to show regular income and the ability to keep your obligations current. Reverse lenders can be very aggressive in foreclosure because often a weak real estate market means the longer the loan stays open, the more they lose.