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 […]
New NJ Law Requires Lenders to Send Foreclosure Mediation Notice
BEWARE MISLEADING NOTICES OF INTENT TO FORECLOSE A NOTICE OF INTENT TO FORECLOSE CANNOT CLAIM THAT A FORECLOSURE HAS BEEN FILED. SENDING THE NEW JERSEY COURT MEDIATION PACKET MAY BE IMPROPER. YOU SHOULD NOT RECEIVE A PACKET OF DOCUMENTS THAT LOOKS LIKE THIS: Click here to see a full example of an incorrect Foreclosure Mediation […]
Ira Metrick Wins FDCPA Violation Case On Behalf of Disabled NJ Veteran
Mr. Metrick recently had a published decision against a bank and law firm on behalf of a disabled New Jersey veteran for claims under the FDCPA (FLORY v. MCCABE, WEISBERG & CONWAY, LLC and FIRST ATLANTIC FEDERAL CREDIT UNION et al (3:18-cv-15522), New Jersey District Court). In their decision, the court required the bank and […]
Breaking Down The New NJ Foreclosure Laws
On Monday April 30th, Governor Phil Murphy signed a package of bills into law designed to help New Jersey homeowners facing foreclosure stay in their homes, as well as addressing other aspects of the NJ foreclosure crisis. Here is a breakdown of these new laws. We will be providing more information as it becomes available. […]
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 […]
Fannie Mae & Freddie Mac Loans Bought By MTGLQ Investors
Was Your Fannie Mae or Freddie Mac Loan Bought By MTGLQ Investors? If your mortgage is owned by Fannie Mae or Freddie Mac and you have fallen behind on your mortgage payments, you may soon find that your loan has been purchased by MTGLQ Investors. In December 2017, MTGLQ purchased $1.23 Billion in non-performing loans […]
NJ Foreclosures Are Moving Fast
FORECLOSURES DON’T TAKE YEARS IN NEW JERSEY New Jersey has the unfortunate distinction of leading the nation in foreclosures. In 2017, nearly 70,000 NJ properties were involved in the foreclosure process. Based upon the large number of old foreclosure lingering in the system, the average foreclosure appears to take years. However, new foreclosure are moving […]
Is Your Mortgage Owned by Mr. Cooper, Formerly Nationstar?
Mr. Cooper, Formerly Nationstar Mortgage In August 2017, Nationstar Mortgage, one of the country’s largest non-bank mortgage lenders, announced that they were changing their name to ‘Mr. Cooper’ as part of a major rebranding effort. Nationstar/Mr. Cooper is normally a mortgage Servicer and seeks foreclosures in New Jersey on behalf of the companies that actually […]
The Equifax Data Breach – Do I Have a Case?
The Equifax Data Breach Equifax is one of the largest consumer credit reporting agencies, collecting and aggregating information on consumers and businesses across the world. On Thursday, September 7th, Equifax announced that hackers had gained access to the information of at least 143 million US customers in a massive data breach. Law firms across the […]
The NJ Foreclosure Mediation Program is Closed in Monmouth County
The NJ Courts Foreclosure Mediation Program in MONMOUTH COUNTY is CLOSED. The Court’s foreclosure Mediation program in Monmouth County is closed. Home owners who receive foreclosure complaints in Monmouth County will not be able to apply for mediation. All modification attempts must go directly through the lender. The New Jersey Judiciary had established a free […]
