October 2020 – Status of Foreclosure Litigation, Sales and Evictions

October, 2020 – Are the Foreclosure Courts Open?  The short answer is: 1) Yes, the foreclosure courts are open, but 2) there still are no sales going on in any County, 3) there are still no removals/evictions and 4) no foreclosure complaints will be filed for FHA backed mortgage loans until, at least December 31,…

Hedge Fund Society

Josh, why do you do what you do? And, more importantly, how can that help me? Everyone of us are dealing with what I call the “Hedge Fund Society” … the society making its money by sucking the lifeblood from the rest of us. The Top 1% of Americans Have Taken $50 Trillion From the…

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NJ Division Of Consumer Affairs During COVID

Division of Consumer Affairs The Division of Consumer Affairs is part of the state government and it is intended to devote its time to protecting New Jersey consumers from all kinds of financial abuse, including foreclosure. On foreclosures, at least, they really do not do a very good job of it.  Some of their advice…

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Loan Mod: When to Apply & How to Avoid Being Scammed

I have devoted my career to protecting consumers since 2008, right at the start of the Great Recession. New Jersey went from less than 20,000 foreclosures to more than 70,000 foreclosure complaints filed each year during that period. Currently, Governor Murphy has placed a moratorium on evictions and foreclosures in New Jersey. I think once…

The Status of the Foreclosure Process in New Jersey

How and when can mortgage servicers file foreclosure complaints right now? This video goes over the federal and state rules and regulations that are governing how and when mortgage services can prosecute their alleged rights against people in default on their homes. For government backed loans, as we explained in our last post, you cannot…

Moratorium on Government Backed Mortgage Loans Extended!

FHFA Extends Foreclosure and Eviction Moratorium The Federal Housing Finance Agency announced an extension to the moratorium on filing foreclosure complaints. Originally set to end on June 30, 2020 – the moratorium has been pushed back to Aug 31, 2020. Two more months! This is the time to prepare, think strategize, and get ready. Pay…