Illustrative photograph: organize the figures and deadlines before a large final mortgage payment. Photo by Cht Gsml on Unsplash.
Short answer: A residential mortgage balloon payment is a large final amount due under the loan’s terms. Making the earlier
New Jersey Foreclosure Defense Blog
The New Jersey Foreclosure Defense Blog, published by Fazzio Law Offices, focuses on legal issues related to foreclosure defense in New Jersey. It covers topics such as foreclosure timelines, answering foreclosure complaints, loan modification processes, and hardship letters. The blog discusses practical guidance for homeowners facing foreclosure, including how to contest foreclosure actions, assert affirmative defenses, and navigate loss mitigation options. It also addresses related matters like tax disputes involving nonprofit organizations and the impact of regulatory changes on foreclosure proceedings. The content is aimed at helping homeowners understand their rights and options during foreclosure and loan modification processes in New Jersey.
Latest from New Jersey Foreclosure Defense Blog - Page 2
Adjustable-Rate Mortgage Reset in New Jersey: Check the Notice and New Payment
By John Fazzio
Illustrative photograph: reviewing the numbers before a mortgage payment changes. Photo by Sasun Bughdaryan on Unsplash.
Short answer: If your adjustable-rate mortgage payment is increasing, start with the signed loan documents and the adjustment notice—not a guess about market…
Property Inspection and Preservation Fees in New Jersey Foreclosure: How to Check the Charges
By John Fazzio
Illustrative stock photograph by T (@tanyabarrow) on Unsplash, used under the Unsplash License. Not a client property, a New Jersey location claim, or evidence of foreclosure.
Short answer: An inspection or property-preservation charge is not automatically valid because…
FHA Partial Claims in New Jersey: Avoid Payoff Surprises When Selling or Refinancing
By John Fazzio
Illustrative stock photograph by Jakub Żerdzicki on Unsplash, used under the Unsplash License. Not a client transaction or government document.
Short answer: If an FHA workout included a partial claim, do not assume the balance on your regular…
Extending the Equity of Redemption After a New Jersey Sheriff’s Sale
By John Fazzio
A sheriff’s sale is a critical deadline for a homeowner. New Jersey law provides a short opportunity to redeem the property after the sale, and court relief may be available when that period has passed. The next steps depend on…
Home Damaged During a New Jersey Foreclosure? Insurance Checks, Repairs, and Mortgage-Company Control
By John Fazzio
Short answer: If a New Jersey home is damaged while the mortgage is delinquent or in foreclosure, notify the insurer promptly, protect the property from additional loss, preserve evidence, and contact the mortgage servicer’s insurance-loss department. A claim check is…
Property Taxes, Water, and Sewer Charges During a New Jersey Mortgage Foreclosure
By John Fazzio
Short answer: A mortgage foreclosure does not make property taxes, water charges, or sewer charges disappear. Filing the case usually does not transfer title to the lender. Depending on the loan documents, escrow arrangement, local billing system, and stage of…
After a New Jersey Sheriff’s Sale: Writ of Possession, Moving Deadlines, and the Former Owner’s Next Steps
By John Fazzio
Featured photo: Michal Balog on Unsplash, used under the Unsplash License. The image is illustrative.
Short answer: A New Jersey sheriff’s sale does not ordinarily mean an owner-occupant is physically removed that day. After the sale, time-sensitive rights and objections…
Mortgage Forbearance Ending in New Jersey? Compare Repayment, Deferral, and Modification Before the Deadline
By John Fazzio
Illustration: An affordable forbearance exit plan accounts for the regular payment, arrears, escrow, and future balances.
Short answer: Before a mortgage forbearance ends, obtain a written explanation of the missed-payment balance and the options available for your particular loan. Depending…
Mortgage Credit-Reporting Errors During a New Jersey Foreclosure: How to Build a Documented Dispute
By John Fazzio
Illustration: Compare the reported account information with the underlying mortgage records before preparing a dispute.
Short answer: If a mortgage account is reported inaccurately, a New Jersey homeowner can dispute the specific information with each credit reporting company displaying the…