Bankruptcy and Foreclosure Proceedings If you are struggling to meet your financial obligations, and have fallen behind on your mortgage payments, you may be worried about a foreclosure proceeding and the loss of your home. You may be considering … [Read more...]
‘No One Gets A Free House’
Courts in New Jersey, Pennsylvania and elsewhere have repeated this phrase quite a bit since the mortgage crisis began in 2009. Distressed homeowners burdened by mortgages that had become unaffordable complained of unfair lending practices, both … [Read more...]
Will the Short Sale of Your Home Damage Your Credit Rating?
If you are behind on your mortgage and facing potential foreclosure proceedings, is it better to dispose of your property through a short sale (where you sell your home for the market value, even though it’s less than the amount remaining on the … [Read more...]
New Streamlined Loan Modification Promises To Take Paperwork Out Of Mortgage Modification
The Federal Housing Finance Agency (the agency created to oversee Fannie Mae and Freddie Mac) have just implemented a new process for obtaining a mortgage payment. The process, called “Streamlined Modification Initiative” stands to take the headache … [Read more...]
Housing Recovery on the Way? If you are in debt and own a home, consider a bankruptcy to set yourself up for success
This morning the Associated Press reported two things which indicate that the housing market is strengthening. First, foreclosure repossessions fell in February 2013 to the lowest level since September 2007. This decline is accompanied by … [Read more...]
New Jersey Foreclosures Progressing Faster Than Ever
New Jersey’s homeowners are among the hardest hit from the current economic recession. New Jersey, Nevada, and Florida have the highest rates in the country of people who are behind on their mortgages. And things are about to get even tougher for New … [Read more...]
