VA loans offer many benefits, but they do not protect you from foreclosure. One of the most common misconceptions is that the Department of Veterans Affairs (VA) can stop a foreclosure. The VA guarantees a portion of your loan, but the loan itself is provided and serviced by a private lender. Falling behind on your…
If you’ve fallen behind on your mortgage payments, you may be facing the start of the foreclosure process. Foreclosure is the legal process a lender uses to take back a home when the borrower is behind on payments. There are two main types of foreclosure: judicial and non-judicial foreclosure. New Jersey is a judicial foreclosure…
One of the most common ways to legally stop foreclosure is by getting a loan modification. If you’re asking, can they foreclose during loan modification, the general answer is no. As long as you submit a completed application at least 37 days before your scheduled sheriff’s sale, your lender cannot foreclose on your property while…
In most cases, it is not too late to stop foreclosure until the property is sold and the redemption period has passed. Even if you’ve been evicted, there may be a pathway to get your home back, although it can be challenging. Because New Jersey follows a judicial foreclosure process, foreclosure can be a time-consuming…
If you’re behind on mortgage payments or worried you can’t pay your mortgage, you’re not alone. Financial struggles can happen to anyone, and it’s important to know that you have options that can help you manage your payments and avoid foreclosure. If you’re behind on mortgage payments or worried about foreclosure, Denbeaux & Denbeaux may…
Are you a homeowner struggling to keep up with your mortgage payments and worried you might be facing foreclosure? The good news is you may have resources available to help you delay or stop foreclosure altogether with a loan modification. Before you choose your course of action for foreclosure avoidance, it’s important that you thoroughly…
Are you a homeowner falling behind on mortgage payments? Worried that you may not be able to pay as much towards your mortgage soon? Want to restructure your mortgage payments to make them more affordable? You may be able to get a mortgage loan modification from your mortgage company to help make the loan more…
The thought of losing your home because of debt and having it sold through a sheriff’s house auction can be overwhelming and scary. Most people don’t know anything about sheriff’s sales until they are involved in one. Having your house sold through an unfamiliar auction process can be confusing. A foreclosure attorney can help explain…
If you’re facing foreclosure on your home, it’s understandable that you might have questions about parts of the foreclosure process. It can be confusing and overwhelming for people unfamiliar with the foreclosure process. There are a lot of steps in the foreclosure process. It’s important to understand what each step means and what action or…
Going through a foreclosure can be very stressful, and not knowing the long-term effects of a foreclosure can add even more stress. The impact on your credit score is probably a negative effect of foreclosure that you haven’t considered before. It’s important that you know that a foreclosure will impact your credit after your home…