At the law office of Ira J. Metrick, we have defended borrowers against foreclosures from many different mortgage servicing companies, including Amboy Bank.
About Amboy Bank
Amboy Bank, headquartered in Old Bridge, New Jersey, is an American bank with locations in several counties in NJ. Founded in 1888, they serve consumer and commercial customers with mortgage services including new loans and refinance options.
If your mortgage is serviced by Amboy Bank and you need assistance to defend a foreclosure or apply for a loan modification, contact the law office of Ira J. Metrick today.
What Are Your Rights to a Loan Modification From Your Mortgage Lender or Loan Servicer?
There are powerful new regulations put into effect by the Consumer Finance Protection Bureau (“CFPB”) under the Real Estate Settlement Procedures Act (“RESPA”) and the Truth in Lending Act (“TILA”) that give borrowers the right to sue when mortgage loan servicers fail to meet their servicing obligations. We can sue your lender if they violate these regulations.
Do I Qualify For A Loan Modification?
If you’ve experienced issues that caused missed payments, you must be able to show that you earn enough income in order to pay the mortgage, taxes, and insurance, plus your other normal living expenses. But even then, there is no guarantee that you will qualify for the lender’s modification program.
The Law Office of Ira J. Metrick can help you understand the modification process and what to expect.
Will Applying For A Loan Modification Stop A Sheriff Sale?
In many instances, if a complete loan modification application is submitted at least 38 days prior to the Sheriff’s Sale, the lender must adjourn the sale and review the application. They should also provide the right to appeal any decision prior to conducting the sale.
Helpful NJ Foreclosure and Loan Modification Resources
- Foreclosure Defense Overview
- New Jersey Foreclosure Timeline
- New Jersey Sheriff Sale FAQ
- New Jersey Sheriff Sale Timeline
- New Jersey Loan Modification Information
Contact Ira J. Metrick Today to Discuss Your Amboy Bank Foreclosure in NJ
If your mortgage is serviced by Amboy Bank and your home is facing foreclosure, contact us today. We can discuss your situation and help you defend the foreclosure and determine if you are eligible for a loan modification. We also offer aggressive representation to assist in the loan modification process.
We can also ensure that the lender has followed all proper foreclosure procedures and has not violated your rights as a borrower. These violations can include, but are not limited to:
- Pursuing a foreclosure or sheriff sale while your loan modification application is still being reviewed (also known as Dual Tracking).
- Refusing to honor or review your loan modification.
- Not responding to your loan modification application within 30 days.
- Refusing to accept your mortgage payment or mortgage reinstatement.
- Declaring you in default and threatening foreclosure even though you are up to date on your payments.
If any of these or other situations have happened to you, contact the law office of Ira J. Metrick today to discuss your options.