Each year, more than 1,000 properties in New Jersey proceed through tax sale foreclosure. Many property owners lose significant surplus equity because the New Jersey Tax Sale Law provides no method to preserve their surplus equity. Once a Final Judgment
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How to Fight Zombie Second Mortgages
Due to increasing property values, homeowners may be unexpectedly confronted with a long-forgotten second mortgage. Called “Zombie Second Mortgages,” these debts (and their lenders) are suddenly reappearing and threatening to take everything.
What Are Zombie Second Mortgages?
In New…
My NJ Loan Modification Was Denied. Now What?
Denial of your loan modification application is distressing, but it is not the end of the road.
What Happens if a Loan Modification Was Denied?
When a loan modification is denied, the original terms of your mortgage remain in effect.…
NJ Law Requires Deferral and Forbearance Agreements to be Listed in Foreclosure Complaints
NEW JERSEY REQUIRES THAT DEFERRAL AND FORBEARANCE AGREEMENTS BE LISTED IN FORECLOSURE COMPLAINTS
During Covid, many lenders offered Forbearance, or Deferral agreements, to temporarily pause or reduce loan payments. At the end of the Forbearance or Deferral Agreement, arrangements must…
When is it Too Late to Save My Home From Foreclosure?
Facing foreclosure is a stressful and daunting experience for homeowners. New Jersey
homeowners have specific rights and timelines to be aware of when trying to halt the
foreclosure process.
Whether it’s exercising the right to cure the default, challenging the…
My House Went Into Foreclosure, Now What?
We are a New Jersey Consumer Defense Law Firm that focuses on Defending Foreclosures and helping our clients get Mortgage Loan Modifications.
New Jersey Foreclosure can make you feel like you’re caught in a storm with no clear way out.…
Contact Us For Tax Lien Assistance
If a Tax Lien is stopping you from selling a property, refinancing a property, or conducting business that would allow you to make payment(s) to the IRS, we can help you contact them in order to seek and facilitate their…
HUD Expands FHA COVID-19 Recovery Loss Mitigation Options for Defaulting Borrowers
The United States Department of Housing and Urban Development (HUD) has expanded the Federal Housing Administration (FHA) COVID-19 Recovery Loss Mitigation Options to include all borrowers in default or imminent default, regardless of whether they experienced financial hardship due to…
What Is An Offer in Compromise?
What Is An Offer in Compromise?
An offer in compromise is a type of federal tax lien resolution that is an agreement with the IRS that settles your liabilities for less than the full amount owed. Note that this option…
Can I Sell My Home To Stop A Sheriff Sale?
Many people believe that they cannot sell their home if it is scheduled for a Sheriff’s Sale or is being foreclosed, but the truth is that, as long as they have equity, they can sell their home to stop a…