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…
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…
Woman Says Bank Foreclosed On Her Home Despite Making Mortgage Payments “I purchased my home Feb. 20, 2004. In 2010 I received through the mail an offer from Bank of America (my mortgage bank), soliciting me for the Making Homes Affordable program, which was a President Obama sponsored mortgage modification program at the time. I…
Coalition of NJ Homeowners will be meeting tomorrow, Thursday, September 28th, 2017 at the East Orange New Jersey Council Chambers, located at 44 City Hall Plaza, ( at Main Street and No. Arlington) East Orange, N.J. Coalition of NJ Homeowners will be meeting tomorrow, Thursday, September 28th, 2017 at the East Orange New Jersey Council Chambers, located at 44…
Homeowners with Loan Modifications No Longer at the Mercy of Banks NJ Supreme Court unanimously rules a loan modification agreement is a permanent agreement and cannot be unilaterally altered by mortgage lenders WESTWOOD, NJ (August 15, 2017) – In a major victory for distressed NJ homeowners, the NJ Supreme Court reversed two lower court decisions and…
These are five areas that you should focus on for best outcomes if in foreclosure: communication, document management, records, time and finance management. When you retain Denbeaux & Denbeaux, you are retaining a team of individuals as advocates for your cause. In your foreclosure matter, that team is led by Joshua Denbeaux. Joshua will be…
The best time to get a consultation for foreclosure prevention is before you miss a mortgage payment. Many homeowners have told us that it is matter of pride that they maintain control of the situation. However, while they think that they have the situation under control, the loan servicer can be moving them closer and closer to…
As many of 94% do not answer a lawsuit related to foreclosure. The problem is people are scared and freeze up hoping the problem will go away. These people will lose their homes eventually because they didn’t even try, and they gave up. Fear can do that to people…but it doesn’t have to be that…
According to CoreLogic’s National Foreclosure Report New Jersey has a serious mortgage delinquency rate of 7.0% which is more than double the national average of 3.2% New Jersey leads the nation with the highest foreclosure inventory as a percentage of mortgaged homes, as well as the highest rate of serious delinquency, according to the CoreLogic National Foreclosure report for January 2016….