At the Law Firm of Ira J. Metrick, we offer aggressive loan modification representation. If you receive a foreclosure notice and want to keep your home but can’t catch up on payments, consider hiring an attorney experienced with foreclosure defense
Ira J. Metrick's Law Blog
Ira J. Metrick's Law Blog, published by Ira J. Metrick Attorney at Law LLC, focuses on legal issues related to foreclosure defense and mortgage loan modifications in New Jersey. The blog covers topics such as the foreclosure process timeline, pre-foreclosure stages, repayment plans, and strategies to stop foreclosure. It also addresses challenges like zombie mortgages and surplus funds claims, including guidance for heirs navigating probate to claim funds after a sheriff's sale. The blog provides practical information for homeowners facing mortgage difficulties, emphasizing consumer rights and legal remedies available under state and federal laws.
Latest from Ira J. Metrick's Law Blog - Page 2
Can a Mortgage Company Refuse My Payment?
By JSMTAdmin
If your mortgage company refuses payment, it’s important to seek legal advice to understand your options and protect your home. At the Law Office of Ira J. Metrick, Esq., we can help you take legal action or explore loan modifications…
How Do Mortgage Surplus Funds Work in NJ?
By JSMTAdmin
In New Jersey, if a foreclosed property sells at a sheriff’s sale for more than the debt owed on it, the extra money is called mortgage foreclosure surplus funds or “Surplus Equity.” Here is how Mortgage Surplus Funds work in…
What is the NJ Fair Foreclosure Act?
By JSMTAdmin
On January 12th, 2024, New Jersey’s Fair Foreclosure Act was amended to include a new foreclosure protection for homeowners. Specifically, the introduction of the Community Wealth Preservation Program gives families facing foreclosure the first chance to buy back their…
Zombie Foreclosures Are On The Rise
By JSMTAdmin
Homeowners have been falling victim to “zombie second mortgages,” which are loans that disappeared several years ago only to discover they’re back from the dead seeking all the interest and fees that accrued while the loan had been dormant. As…
How to Claim Surplus Funds in NJ
By JSMTAdmin
New Jersey Surplus Funds
In New Jersey, Surplus Funds are the excess money left after a Sheriff’s Sale. If no other creditors come forward to claim the funds, they belong to the property owner(s).
In New Jersey, there is a…
Important Update for New Jersey Homeowners: New Sheriff Sale Notice Requirements
By JSMTAdmin
Important Update for New Jersey Homeowners: New Sheriff Sale Notice Requirements
As of January 12, 2024, New Jersey has changed the requirements for notice of the Sheriff Sale. The envelope must state that it contains notice of the Sheriff Sale.…
Am I Entitled to Tax Sale Foreclosure Surplus Funds?
By JSMTAdmin
What are Tax Sale Foreclosure Surplus Funds?
If your lender has obtained a Final Judgment in a Mortgage Foreclosure or a Tax Sale Foreclosure, they may attempt to sell your home at a Sheriff Sale. The money paid by the…
New Jersey Tax Foreclosure Updates (as of March 2024)
By JSMTAdmin
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…
How to Fight Zombie Second Mortgages
By JSMTAdmin
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…