NJ Bad Mortgages Comprise 10.2% of Total

ByJoshua Denbeaux

Even as Wall Street has doubts about the fed lifting interest rates, Main street mortgages are in trouble. According to an article in Forbes, bad mortgages comprise 10.2% of total mortgages in New Jersey which concluded that banks were giving NJ homeowners a chance to “catch up.”   However, recent data from Realty Trac’s August 2015 U.S. Foreclosure…

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What Is A Notice Of Error?

ByJoshua Denbeaux

In January 2014 homeowners with mortgage loans obtained a significant tool for disputing errors in the collection and application of their mortgage loans. The tool in question is known as a Notice of Error, which was made part of the Real Estate Settlement Procedures Act (RESPA), originally enacted in 1974. Drafted by the Consumer Financial…