Mortgage Foreclosure Resolution

NJ. Lawyer Explains How A Property Is Lost When Surrendered And A Bankruptcy Case Is Filed. This blog pertains to individuals who are either unable to save their house, or do not wish to save their house from foreclosure.  Sometimes people understand that their house cannot be saved through any … [Read more...] about Losing A House New Jersey Bankruptcy

What is my responsibility if I leave my New Jersey house, that is in foreclosure. As a result of the very lengthy real estate foreclosure action process in New Jersey, people are vacating their homes during the lawsuit. Prior to vacating their house, one should notify the mortgage company, their … [Read more...] about What is the responsibility of a New Jersey Homeowner when moving out.

When must a New Jersey resident leave the house after a Sheriff's sale. The length of a mortgage foreclosure action in New Jersey is extremely lengthy. A person is permitted to reside in the house until the entire foreclosure action is completed. Typically, if the balance due on the loan is more … [Read more...] about When must a New Jersey resident leave a house that is in foreclosure.

There are a number of options that may be available to a New Jersey resident who is facing foreclosure. The following is a general list of a mortgage defendants options to foreclosure: actual defense to the complaint; loan modification; short sale; deed in lieu of foreclosure. There are number of … [Read more...] about Mortgage Foreclosure Options In New Jersey

An option to surrender a house after a foreclosure action may be a deed in lieu of foreclosure, which is a way to surrender your house, in New Jersey. This is the conveyance of the property to the mortgage company, without the need to complete the foreclosure action and sheriff's sale. Although this … [Read more...] about What Is A Deed In Lieu Of Foreclosure

A foreclosure action in New Jersey, at present, takes approximately 8 months from the time the foreclosure action is filed with the court, until the sheriff's sale. The 8 months time frame assumes that the foreclosure action was recently filed or will be filed in the future, as the previously filed … [Read more...] about How Long Can I Live In The Property After The Foreclosure action