Understanding Loan Servicing Transfers in NJ Many homeowners making monthly payments on their mortgage are surprised to find that their loan has suddenly been sold or transferred to another servicer. You should be aware that servicing transfers are common and not a cause for concern, as long as your old and new servicer follow the […]
Breaking Down the NJ Foreclosure Process
Foreclosure can be a lengthy ordeal. While dealing with foreclosure can be stressful, it is important to understand the process and your options. The following is intended to help understand what you can expect in a foreclosure case. The NJ Foreclosure Process: Step by Step Default The foreclosure process can begin after a default of […]
What Is the Statute of Limitations on NJ Foreclosures?
Foreclosure and the Statute of Limitations Many mortgage lenders end up with a backlog of delinquent loans, and processing these can take months or even years after the borrower ceased to make payments. This means foreclosure actions on a property may be subject to a time limit known as a statute of limitations. Any legal […]
Am I Entitled to Mortgage Surplus Funds?
What are Mortgage Surplus Funds? If your lender has obtained a Final Judgment of Foreclosure, they will attempt to sell your home in a Sheriff Sale for an amount that will cover what you owe on the mortgage, plus any costs and fees, as long as the costs and fees were added to the Final […]
I Am Facing An Ejectment Action in Monmouth County. What Do I Do?
Can I be Removed from my Home After a Monmouth County Sheriff Sale in a Foreclosure by an Order to Show Cause for Ejectment? Ejectment of a homeowner after a sheriff sale can be contrary to Equity and Law and may violate Due Process Rights. Once your home has been sold at a sheriff sale […]
Beware of Fake Loan Modification Companies
Updated December 2018 A Warning Regarding Loan Modification Scams With the recent increase in New Jersey foreclosures, there has been a rise in fraudulent companies claiming to offer the following: “Loss Mitigation Consulting” “Foreclosure Prevention” “Mortgage Loan Modification” Any related service where the company is offering to negotiate your loan with your lender in exchange […]
The New Owner Of My House Is Claiming I Owe Money. What Do I Do?
I Am Facing an Ejectment Action From my Foreclosed Home. What Are My Rights? After the foreclosure process, when your home has been sold to a new owner at a sheriff sale, it is only a matter of time before you have to move. However, you still have rights that must be observed by the […]
Can I File a Motion to Stay Sheriff Sale?
What is a New Jersey Motion to Stay Sheriff Sale? A New Jersey Motion to Stay Sheriff Sale is a written request to the Court in your County to ask a Judge to temporarily halt Sheriff Sale. Generally, these motions are filed on an emergent basis on or near the day of the sale. However, […]
Can I Get a Loan Modification While in Bankruptcy?
Avoiding Foreclosure with a Loan Modification Falling behind on mortgage payments or having your house foreclosed on is always extremely stressful and it can seem like there is little you can do to stop it. However, there are ways to relieve the pressure or temporarily halt the foreclosure. One of the best actions you can […]
What You Need to Know about VA Mortgages
What are VA Mortgages? Veterans Affairs mortgages, also known as VA Home Loans, help veterans get financing to buy a home through loans that are easier to qualify for than traditional mortgages. Some important information about VA Mortgages: They are available to all active military members, military veterans, and spouses of military members who died […]
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