Governor Phil Murphy has announced a relief initiative for homeowners unable to make their mortgage payments due to the Coronavirus, effective March 28, 2020. Under this plan, New Jersey residents facing hardship due to COVID-19 may be eligible for: A 90-Day Grace Period for Mortgage Payments Waived or Refunded Fees and Charges for 90 Days […]
Is My NJ Foreclosure on Hold Due to the Coronavirus?
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the coronavirus national emergency. The foreclosure and eviction suspension applies to homeowners with an Enterprise-backed single-family mortgage. Homeowners with federally backed mortgage loans affected by COVID-19 can also […]
Bank of America Will Allow Customers to Defer Mortgage Payments
On Thursday, March 19, Bank of America announced that it will allow homeowners who are experiencing hardship due to the Coronavirus outbreak to request to defer payments, with these payments being added to the end of the loan. They have also paused foreclosure sales, evictions, and repossessions for the time being. Read the full statement […]
NJ Executive Order Halts Sheriff Sales & Evictions Due to Coronavirus
Per Executive Order no. 106 signed by Governor Phil Murphy, the County Sheriff’s Offices should not be proceeding with any Sheriff Sales or evictions at this time. The order provides no end date except to say that it shall end 60 days after the declared State of Emergency, or the current Public Health Emergency, shall […]
HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak
President Donald Trump said Wednesday the Department of Housing and Urban Development will suspend foreclosures and evictions for mortgages insured by the Federal Housing Administration until the end of April, a move that will affect about 8.1 million mortgages.
Advice for Loss of Income Due to Coronavirus
The situation unfolding around the outbreak of the Coronavirus has left many Americans uncertain about their financial situation. Marc Dann, Founding Partner of DannLaw, has shared some thoughts and pieces of advice for people who are facing a loss of income due to the virus. Some of Mr. Dann’s tips include: Staying proactive if you […]
My New Jersey Ocwen Loan Was Transferred to PHH. What Do I Do?
My Loan Was Transferred From Ocwen to PHH and My Home was Sold at Sheriff Sale. Is This Legal? We have seen scenarios recently where New Jersey homeowners had their Ocwen mortgage transferred to PHH while they were being reviewed for a loan modification and their homes were sold at a sheriff sale. In these […]
I Just Had an Occupancy Inspection. Am I Being Foreclosed On?
What is an Occupancy Inspection in New Jersey? If a homeowner falls behind on their mortgage payments, their mortgage lenders are entitled to conduct inspections to check on the condition of the home and determine whether the homeowner is still living there. Your mortgage gives them the right to take actions to “protect the collateral.” […]
What Happens to a Second Mortgage After Foreclosure in NJ?
What is a Second Mortgage? When a homeowner takes out a second loan using their house as collateral, this can be known as a credit line, equity loan, or home equity line of credit (HELOC). These loans generally utilize the equity you have in your home. However, these loans are considered “Mortgages” and they are […]
NJ Sheriff Sale Adjournments Have Changed (Updated)
Starting at the end of July 2019, NJ homeowners are now entitled to two sheriff sale adjournments of up to 30 days for $28. Read on for more details about this new law. At the End of July 2019, NJ Sheriff Sale Adjournments Changed In April 2019, Governor Phil Murphy signed a package of bills […]
- 1
- 2
- 3
- …
- 10
- Next Page »
