Ira J. Metrick co-authored an article in the New Jersey Law Journal this month on errors and omissions found within the Coronavirus Aid, Relief, and Economic Security (CARES) Act recently enacted by the federal government. Under this Act as it is currently written, countless individuals who are already facing financial hardship may lose their Coronavirus […]
Gov. Murphy Announces 90 Day NJ Coronavirus Mortgage Relief
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 […]
Federal Government Suspends Foreclosures and Evictions Due to 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 […]
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 […]
Can I Sell My Home During Foreclosure in NJ?
Many people think that if your home is facing foreclosure, you are out of options. However, that is far from the truth. Until foreclosure is complete, your home is still yours to do with as you want. This means that even if your home is scheduled for a sheriff sale, you can still make every […]
Can My Lender Take My House Without a Sheriff Sale?
What is the Optional Foreclosure Procedure in New Jersey? WILL THE NEW ORDERS FROM THE GOVERNOR AND THE FEDERAL GOVERNMENT PROTECT ME IF THE LENDER IS TRYING THE OPTIONAL PROCEDURE? Typically, when a mortgage lender receives a Final Judgment of Foreclosure on a home in New Jersey, it is sold to the highest bidder at […]
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.” […]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 12
- Next Page »
