If you’ve recently gone through foreclosure or are in the foreclosure process, it’s normal to wonder, “Can you buy a house after foreclosure?” Many homeowners assume they won’t qualify for another mortgage after a foreclosure, but that’s not the case. Even after losing a home to foreclosure, it is still possible to qualify for another…
Even if you’ve defaulted on your mortgage and have entered into the foreclosure process, you have a right to reinstate your mortgage and save your home. In this article, we’ll break down everything you need to know about what a mortgage reinstatement is to help you determine if it is the best option for you. …
Because New Jersey is a judicial foreclosure state, all foreclosures must go through the court system before they can be finalized. As part of the legal process, each side will have the opportunity to gather evidence before the trial to help build its case. This is known as the discovery phase in a lawsuit and…
Facing foreclosure can be scary. If you’ve received a Notice of Intent to foreclose or a foreclosure complaint and summons, you might not know how to save your home. You may have heard of the Foreclosure Mediation Program, which is available to New Jersey residents. The NJ foreclosure mediation program offers a way for you…
Most of the time, homeowners have the best chance to stop foreclosure before the sheriff’s sale happens. But if your home has already been sold, it’s not always too late. You still have a chance to get your house back through what’s called the foreclosure right of redemption. In this article, we’ll explain how New…
Even if you’re keeping up with payments on your first mortgage, falling behind on a home equity loan or home equity line of credit (HELOC) can still put your home at risk. Many homeowners don’t realize that defaulting on a HELOC can lead to foreclosure, even if their primary mortgage is paid. Because your property…
Lenders make mistakes or violate the law more often than you realize, which can hurt you financially and even lead to bankruptcy or foreclosure. In this article, we’ll break down the common reasons to sue a mortgage company, so you know what to look out for. If you believe your mortgage lender has participated in…
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…
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…