Beware Of Mortgage Forbearance In New Jersey
A mortgage forbearance is a short-term mortgage relief agreement between a homeowner and a lender. During a forbearance agreement, mortgage payments are reduced or suspended for a set period of time.
A mortgage forbearance is a short-term mortgage relief agreement between a homeowner and a lender. During a forbearance agreement, mortgage payments are reduced or suspended for a set period of time.
Mortgage servicer changes occur more often than you may think. If you have a mortgage, this could happen to you at any point throughout the life of your loan. After a mortgage servicer change, issues with loan payments are more common than they should be. There are a variety of causes for issues in mortgage…
If you’ve filed for bankruptcy or are considering filing for bankruptcy, you’re likely worried about your post-bankruptcy housing options. Filing for bankruptcy doesn’t mean that you’ll never be able to get a mortgage again. In some circumstances, you may be able to reapply and be approved for a mortgage, even after bankruptcy.
No one should have to worry about not being able to keep their home. If you’re concerned that you might be heading towards foreclosure, or if you have already received a Notice of Intent (NOI) to foreclose letter, there may still be steps you can take to stop or avoid foreclosure.
Homeowners can be denied a loan modification for multiple reasons, but it can be as simple as filling out the application incorrectly. Working with a loan modification attorney may help ensure your application is filed correctly and efficiently. An attorney may be able to negotiate with your lender on your behalf regarding more complex issues as well.
A common question we get is, “can a foreclosure lawyer stop foreclosure?” The short answer is yes, a lawyer may be able to stop foreclosure, but it depends on the situation. Working with a foreclosure lawyer to help you throughout the foreclosure process brings a wealth of knowledge to help you in your case.
A short sale is an option you can explore to potentially avoid foreclosure, but depending on your situation, it may not be the best option.
After a foreclosure ruling, your first concern is likely whether or not you’ll be evicted and where you’ll live if you are. You may not know that even when your house has been foreclosed on, you could still have options to stop an eviction. If you are a homeowner facing eviction after foreclosure and hoping…
Mistakes by mortgage servicers are relatively common in the loan modification process. Loan modification federal laws may penalize the mortgage servicer for loan modification violations, which can sometimes lead to the property being forfeited back to the homeowner.
Foreclosure defense is a legal strategy to stop or delay a foreclosure. There are many different mortgage foreclosure defense strategies that can be used, depending on the details of your foreclosure case and what will work best for your specific situation.