Why is this important? It is the idea that the best defense is to be able to be in control and have an aggressive offensive strategy. This applies to whether you are trying to stop a foreclosure, get a loan modification, or believe that you were subject to fraud. This is why this ruling is…
First Every foreclosure situation is as unique as every person who confronts foreclosure. Second Whatever your desired outcome is when facing foreclosure you’ll need to have a plan. Many homeowners delay in creating an effective strategic plan for their situation, and federal consumer protection laws can impact a desired outcome. Click here to read more on how we fight foreclosure…
What is the NJ foreclosure process? The NJ foreclosure process is guided by the fact that New Jersey is a “judicial foreclosure” state. Click the button below to download the guide and learn more: This means that all foreclosure actions must be prosecuted by attorneys before judges in the court system. This structure is intended to…
Debt collection is big business. According to the Federal Reserve Bank of New York, 15% of consumers have at least one debt in collections. Third party debt collectors are constantly trying to come up with new ways to improve the rate of collections both in volume and in dollars recovered. On December 16, 2015 the…
In Chung v. Shapriro and Denardo, Docket :14-cv-06899-FSH-JBC the District Court of New Jersey sustained the right of a debtor to seek collection of statutory damages for violations of the Fair Debt Collections Practices Act. On November 2nd the Supreme Court will determine whether plaintiffs going forward can enforce Congressionally enacted consumer rights statutes based…
In New Jersey, the trend in foreclosure litigation has been to narrow the defenses available to homeowners almost to the point of non-existence. In light of CFPB Director Richard Cordray’s recent remarks regarding “mandatory pre-dispute arbitration clauses”, Joshua Denbeaux explains how his firm combats this growing problem, by using federal laws enforced by the CFPB…
NJ law firm Denbeaux & Denbeaux says continued mortgage-servicing problems, such as breached loan modification agreements, play a major role in why the state leads the nation in foreclosures, and is the cause for the recent RealtyTrac report which revealed that NJ has highest foreclosure rate in the U.S. New Jersey consumer rights and foreclosure defense…
According to New Jersey law firm Denbeaux and Denbeaux, Congress buckling to pressure from industry lobbyists when recently passing H.R. 3192 the “Homebuyers Assistance Act” to give lenders immunity from loan origination abuses for several months, signals consumer’s rights at risk in the future. WESTWOOD, NEW JERSEY (PRWEB) OCTOBER 13, 2015 On Oct. 7, the House…
Even as Wall Street has doubts about the fed lifting interest rates, Main street mortgages are in trouble. According to an article in Forbes, bad mortgages comprise 10.2% of total mortgages in New Jersey which concluded that banks were giving NJ homeowners a chance to “catch up.” However, recent data from Realty Trac’s August 2015 U.S. Foreclosure…
Legislation named in honor of NJ student, Christopher Bryski, Rep. Bill Pascrell (D-NJ9) to Introduce House version SUMMARY The bill, first introduced by the late Sen. Frank Lautenberg in 2009, reintroduced in 2014 by Senator Menendez, bars lenders “from automatically declaring a default or accelerating the obligations on an otherwise performing loan upon the death,…