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,…
Josh Denbeaux, Partner at the law firm of Denbeaux and Denbeaux, makes his inaugural guest appearance on the Financial Consumer Rights Talk program. Today they discuss the latest news relating to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) calling for further investigation of servicers it claims may be denying too many…
In January 2014 homeowners with mortgage loans obtained a significant tool for disputing errors in the collection and application of their mortgage loans. The tool in question is known as a Notice of Error, which was made part of the Real Estate Settlement Procedures Act (RESPA), originally enacted in 1974. Drafted by the Consumer Financial…
NJ firm Denbeaux & Denbeaux earns major victory using FDCPA for national consumers victimized by false information presented by law counsels at the bidding of their clients. Westwood, NJ, January 5, 2016: No longer can legal counsel evade liability under the Fair Debt Collection Practices Act (FDCPA) by claiming false information provided to a court or…