The U.S. Department of Agriculture sets loss mitigation rules that lenders have to follow for homeowners with USDA loans. If you have a USDA loan and are struggling to make mortgage payments, there may be loss mitigation options available to you. The USDA loss mitigation guide sets rules for lender action on delinquent mortgages. If…
The Federal Housing Administration (FHA) loss mitigation options are outlined for homeowners with an FHA loan who are delinquent on their mortgage or struggling to make mortgage payments. The FHA also outlines these loss mitigation options for lenders issuing FHA-backed mortgages. Lenders are expected to follow the loss mitigation guidelines and offer these options to…
Title insurance can be a useful tool for homeowners. It can help them protect their homes and their titles. Having title insurance is recommended and sometimes required when purchasing a home that’s been foreclosed on. Title insurance can also be useful if you’re purchasing a home that hasn’t been involved in a foreclosure. Joshua Denbeaux…
Are you being foreclosed on by Loan Funder LLC? You may be able to defend your property from commercial foreclosures by Loan Funder LLC. Lenders like Loan Funder LLC must comply with federal laws regulating lending and business practices. You may be able to fight against a commercial property foreclosure if your lender breaks federal…
The Servicemembers Civil Relief Act (SCRA) offers protection for active duty service members against foreclosure. If you are an active duty service member or have been in the last 12 months, SCRA protection against mortgage foreclosure should offer you options to delay or prevent foreclosure. Contact Denbeaux Law to learn about your foreclosure protections and…
Zombie second mortgages can be a major concern that you might not even know about. With a zombie mortgage, you can risk losing your home if you’re unaware of the mortgage and don’t fight the foreclosure. It’s important to act quickly with a zombie mortgage to defend yourself from foreclosure and eviction. An attorney can…
AARP has joined a class action lawsuit about unlawful practices in adding unjust fees to elderly homeowner’s reverse mortgages. These unjust fees by reverse mortgage servicers can be costly and lead to foreclosure. Unlawful reverse mortgage practices can be a major concern. If you think you or a loved one may be experiencing illegal reverse…
Foreclosure can be complicated, especially if your homeowner’s or property owner’s association is foreclosing. New Jersey is a super lien state, which impacts lien priority in foreclosure. If you live in a condominium or house with an HOA or POA and are behind on payments or facing foreclosure, lien priority will come into play during…
Commercial property foreclosure is very different from residential property foreclosure. Few attorneys will work with defendants of commercial foreclosures because there are very few avenues to defend against one. Depending on the specifics of your situation, there may not be much you can do to fight a commercial foreclosure. However, at Denbeaux & Denbeaux Law,…
If you’re struggling with mortgage payments, it’s important to be on guard against fraud. There are many different ways that people or companies may try to take advantage of homeowners in difficult financial situations. You should educate yourself on common mortgage forbearance fraud tactics so you know what to be on the lookout for and…