Mortgage Foreclosure Resolution

With thousands of Americans facing foreclosure and the uncertainties tied with it, it is unfortunate that others are attempting to capitalize on the losses of others by targeting desperate homeowners with foreclosure resolution scams. According to the U.S. Federal Reserve Board, there are some … [Read more...] about How to Avoid Foreclosure Scams in New Jersey

Recently, a New Jersey court ordered that a lender does not need to show physical possession of a note on underlying debt in order to foreclose on a mortgage that has been securitized, reports Reuters. This ruling departs from previous U.S. court rulings. The ruling stems from a case that was … [Read more...] about New Jersey Court Ruling on Foreclosure Different than Other U.S. Courts

Many of the biggest lenders in the United States are checking twice to make sure that their home-lending procedures have not broken a law that is designed to protect active service military personnel from foreclosure, The Wall Street Journal reports. The review was prompted after J.P. Morgan Chase … [Read more...] about Military Foreclosure Practices under Review after Wrongful Foreclosures Discovered by J.P. Morgan Chase

An article on Forbes.com reports a grim outlook for 2011 in regard to the foreclosure crisis. According to industry analysts, lenders are in position to repossess more homes in 2011 than any other year since 2006. Approximately 5 million borrowers are at least two months behind on mortgage payments, … [Read more...] about The Crisis Continues: Industry Analysts Predict Thousands of Foreclosures in 2011

According to an article on NorthJersey.com, about 64,800 homes in New Jersey faced foreclosure filings in 2010, which is a record. The numbers are from a new report released by RealtyTrac, a company that tracks foreclosures in the U.S. In New Jersey, the report found that the number of foreclosure … [Read more...] about 2010 Sets Foreclosure Record in New Jersey

In what could quickly become a major national news story, The Press of Atlantic City reports that six mortgage lenders in New Jersey (including some who are the biggest banks in the U.S.) have been ordered by the state’s Supreme Court to appear in court on January 19 to explain why the state … [Read more...] about New Jersey Supreme Court Orders Mortgage Lenders to Court in January 2011