As a homeowner, you have legal protections under the Real Estate Settlement and Procedures Act (RESPA) that give you the right to sue your lender if they make an error in loan servicing and refuse to fix it. In this article, we will discuss what the Real Estate Settlement Procedures Act is and how you…
A judgment refers to the court’s final decision. When someone says a judgment has been made, it means that the court has decided the outcome of the case. In a foreclosure case, once a judgment is entered, your options to stop foreclosure are limited. One option to stop foreclosure after a judgment is to file…
If you’re behind on mortgage payments and facing foreclosure, bankruptcy can feel like the only option to protect your home. One of the benefits of filing for bankruptcy is the automatic stay, which prevents creditors from taking collection actions and pauses any foreclosure proceedings. While an automatic stay in bankruptcy can temporarily stop foreclosure, it…
A Small Business Administration (SBA) loan is a government-backed loan provided through private lenders to give small business owners access to funding they might not otherwise get. Business assets and a personal guarantee from the business owner back most SBA loans. This means that if the loan defaults, the business owner is held personally responsible…
VA loans offer many benefits, but they do not protect you from foreclosure. One of the most common misconceptions is that the Department of Veterans Affairs (VA) can stop a foreclosure. The VA guarantees a portion of your loan, but the loan itself is provided and serviced by a private lender. Falling behind on your…
If you’ve fallen behind on your mortgage payments, you may be facing the start of the foreclosure process. Foreclosure is the legal process a lender uses to take back a home when the borrower is behind on payments. There are two main types of foreclosure: judicial and non-judicial foreclosure. New Jersey is a judicial foreclosure…
One of the most common ways to legally stop foreclosure is by getting a loan modification. If you’re asking, can they foreclose during loan modification, the general answer is no. As long as you submit a completed application at least 37 days before your scheduled sheriff’s sale, your lender cannot foreclose on your property while…
In most cases, it is not too late to stop foreclosure until the property is sold and the redemption period has passed. Even if you’ve been evicted, there may be a pathway to get your home back, although it can be challenging. Because New Jersey follows a judicial foreclosure process, foreclosure can be a time-consuming…
If you’re behind on mortgage payments or worried you can’t pay your mortgage, you’re not alone. Financial struggles can happen to anyone, and it’s important to know that you have options that can help you manage your payments and avoid foreclosure. If you’re behind on mortgage payments or worried about foreclosure, Denbeaux & Denbeaux may…
Loan modifications can be a great option for homeowners struggling with staying up-to-date on their monthly mortgage payments. In order to qualify for a loan modification, you’ll need to first gather the appropriate loan modification documents and paperwork. If you’re wondering if you can get a loan modification without income documentation, you’ll find it depends…