How and when can mortgage servicers file foreclosure complaints right now? This video goes over the federal and state rules and regulations that are governing how and when mortgage services can prosecute their alleged rights against people in default on their homes. For government backed loans, as we explained in our last post, you cannot…
FHFA Extends Foreclosure and Eviction Moratorium The Federal Housing Finance Agency announced an extension to the moratorium on filing foreclosure complaints. Originally set to end on June 30, 2020 – the moratorium has been pushed back to Aug 31, 2020. Two more months! This is the time to prepare, think strategize, and get ready. Pay…
So, Josh. Are the foreclosure courts open, or not? I have had to field this question multiple times these last several months. I have addressed this in my videos and blog posts, but this article will drill down much further. It is an excellent question, the answer is complicated, and is both yes … and…
How Banks Think: Banks know how the system works, how long it takes to ‘win’ a foreclosure case … how expensive it is to litigate a defended foreclosure case. You should know this, too, which is why I created the Foreclosure Infographic. I’ve talked about this in my earlier newsletters and in several blog posts,…
The New Jersey Supreme Court just issued its second Omnibus Order … here‘s what you need to know! The New Jersey Supreme Court has issued two emergent ‘Omnibus’ Orders related to Covid 19. The second, issued today, addresses foreclosure for the first time. Previously, Today, Where the CARES Act and Governor Murphy has pretty much…
What is RESPA and how does it relate to your mortgage, your FHA Forbearance, and the CARES Act? The Real Estate Settlement Procedures Act (RESPA) is the federal statute that governs the mortgage servicing industry and protects your rights under the CARES Act. It is an extremely complex and nuanced statute such that few New…
It is best to hire an attorney to represent you in a foreclosure case, but if you want to handle this on your own, this is how you go about answering the Complaint. You MUST File an Answer to the Foreclosure Complaint. It is basic to New Jersey – and American – laws that a Plaintiff, even…
You will be asked three questions: The first two are fact finding questions, so that I know the basic facts. The last question is empowering. That’s it. Think about it. When, in this whole process, was the last time someone asked you that question? When was the last time in this process someone said to…
What is New Jersey Foreclosure Mediation? I created the video here addressing that question. If you want to understand further, the following is a deeper dive into the topic. So what is it? The foreclosure mediation program is a mediation handled through the court system and set up by Chief Justice Stuart Rabner of the…
Answer the Complaint! You do not need to hire a lawyer to Answer a foreclosure complaint. You really don’t. You can … and the right attorney can add value because there are multiple additional actions that can be taken to take advantage of the foreclosure litigation system, but you do not need to pay a…