Understanding HomeOwners Association (HOA) and Condominium Foreclosure In New Jersey In New Jersey, if you live in a condominium, townhome or a single family home that is part of a common interest development, you most likely have to pay dues and assessments to a condominium association (COA) or a homeowners’ association (HOA). Falling behind on […]
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 […]
Does a Chapter 7 Bankruptcy Stop Foreclosure?
Chapter 7 Bankruptcy and Foreclosure It is a common misconception that if you file for Chapter 7 bankruptcy, your foreclosure goes away forever. While it does temporarily halt all foreclosure proceedings, it is not a permanent solution. Your lender will eventually be able to foreclose on your property. What Happens To My Mortgage When I […]
Why is My Bankruptcy Discharge Showing on my Credit Report?
What is a Bankruptcy Discharge? A bankruptcy discharge is an official order from a bankruptcy court that absolves the debtor of any legal requirement to pay the discharged debts. It also prohibits creditors from making attempts to collect the debt through phone calls, letters, lawsuits or any other means. This being the case, if you […]
Does Bankruptcy Entitle Me to an Automatic Stay?
IF YOU FILE 3 BANKRUPTCIES WITHIN ONE YEAR, THERE IS NO AUTOMATIC STAY AND YOU WILL NOT STOP THE FORECLOSURE What is an Automatic Stay in Bankruptcy? If your lender has obtained a final judgment in a foreclosure and your home has been scheduled for a sheriff sale, there are several options available to you […]
Why is My Bank Sending Me Bills for a Discharged Second Mortgage?
My Second Mortgage was Discharged Through Bankruptcy. Why is My Bank Still Contacting Me? A Bankruptcy Discharge is a federal court order that erases a debt, such as a mortgage or second mortgage (Credit Line, Home Equity Line of Credit “HELOC” or Equity Loan). Any debt that is included on a Bankruptcy Discharge cannot show […]
Protect Your Credit Report After Bankruptcy
After you’ve successfully filed for bankruptcy and received a bankruptcy discharge, all of your creditors must report only a “0” balance on your credit report. If they fail to do so, it could be a violation of the Bankruptcy Code, the Fair Credit Reporting Act and the NJ Consumer Fraud Act. Bankruptcy Discharge Violations After […]
I’m Still Getting Phone Calls After Bankruptcy Discharge, What Do I Do?
What is a Bankruptcy Discharge? A bankruptcy discharge is a court order that renders a debt permanently unenforceable. Your lender is not, and will never be, allowed to continue pursuing payment of the debt that has been discharged. If you are still getting calls from your lender or another agency about the debt, there has […]
