The unfolding of my career has made me a witness to individual stories of emotion, challenge, and courage. This is a brief story about a family in a crisis as a result of a foreclosure case through no fault of their own. The takeaway is that even in the midst of great difficulty, we can…
Update: What’s going on in the court system in New Jersey right now! July 4, 2020 The supreme court of NJ has issued it’s fifth Omnibus order. This order has reopened the foreclosure unit. That means the clerk’s office that reviews all of the motions for default, the motions for final judgement, and basically deals…
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…
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…
So, Josh. Are the foreclosure courts open, or not? I have had to field this question multiple times these last several months. I have addressed this in my videos and blog posts, but this article will drill down much further. It is an excellent question, the answer is complicated, and is both yes … and…
How Banks Think: Banks know how the system works, how long it takes to ‘win’ a foreclosure case … how expensive it is to litigate a defended foreclosure case. You should know this, too, which is why I created the Foreclosure Infographic. I’ve talked about this in my earlier newsletters and in several blog posts,…
The New Jersey Supreme Court just issued its second Omnibus Order … here‘s what you need to know! The New Jersey Supreme Court has issued two emergent ‘Omnibus’ Orders related to Covid 19. The second, issued today, addresses foreclosure for the first time. Previously, Today, Where the CARES Act and Governor Murphy has pretty much…
A forbearance of payments on your mortgage may or may not be right for you. Here is a breakdown of the hidden pitfalls and opportunities built in that you need to understand before making this decision. FHA Back Mortgage Loans and Forbearance Postponing or reducing loan payments while interest continues to accrue is a forbearance. …
What is RESPA and how does it relate to your mortgage, your FHA Forbearance, and the CARES Act? The Real Estate Settlement Procedures Act (RESPA) is the federal statute that governs the mortgage servicing industry and protects your rights under the CARES Act. It is an extremely complex and nuanced statute such that few New…
Americans desperately need the CARES Act payments for food, rent, utilities & healthcare. Debt collectors could grab the money. Congress forgot to add an exemption to these funds the way they do for other public disbursements such as Medicare. Protect your money from the debt collection industry. Denbeaux & Denbeaux has teamed up teaming up…