Although a deed in lieu of foreclosure avoids foreclosure, it should still be a homeowner’s last option. If you are a homeowner facing foreclosure, you may find some solace knowing that you have other options to stop foreclosure on your home.
The information you find on the internet for stopping a conventional foreclosure may not relate to an FHA foreclosure. Knowing how the FHA pre-foreclosure process works and what options you have available to you for your particular situation could help you in the long run when it comes to stopping an FHA foreclosure.
If you are late on paying your monthly mortgage payments, most loans allow your lender to charge late fees, however, rules that allow late fees on mortgage payments don’t apply when homeowners are already under foreclosure. New Jersey has certain laws in place that prevent banks and lenders from charging late fees for mortgage payments…
What is the statute of limitations in New Jersey? If you are a NJ homeowner who defaulted on your monthly mortgage payment, or expect to default on your mortgage due to a financial hardship, knowing how long the statute of limitations on foreclosures is can be an important factor in how you deal with defaulting…
The simple answer is yes, if you’re a New Jersey homeowner you can sell your home even during foreclosure. If you’re struggling with being months behind on your mortgage and are dealing with a long term financial hardship rather than a short term setback, selling your home may be the best option for you and…
If you lost your home to foreclosure and your lender sold your home, you may think that you are finally free from your monthly mortgage payments – but that isn’t always the case. In fact, your lender may be able to legally make you pay the rest of your mortgage through a deficiency judgment against…
If you have health insurance and you received treatment at an emergency room that was billed to you as out of network you may have been scammed! As anyone who has been unlucky enough to have been injured or been sick and needed an ambulance, you later received a bill from an ambulance company. This…
A mortgage loan modification can offer some relief for homeowners that are behind on monthly payments by providing permanent modifications to the loan.
If you have concerns about being able to pay your mortgage payments, you may find some relief in knowing that you have many resources available to you to help make your loan more manageable. These options may help you modify your loan with the lender, avoid penalty and late fees, or even avoid foreclosure all…
The New Jersey eviction moratorium expired on November 15, 2021. What does that mean for New Jersey homeowners who have had foreclosure judgments against them? At the start of the pandemic, Governor Murphy issued Executive Order 106 which halted all evictions in the state. That Order had the effect of also halting all foreclosure sales….