How Long Are Foreclosures Taking in NJ in 2022?

 





https://njforeclosuredefenseattorneys.com/




Comments

Post a Comment

Popular posts from this blog

How Long Do You Have to Answer the Foreclosure Complaint?

Image
You have 35 days to file an Answer once you are served with a Foreclosure Complaint.    New Jersey Court Rule 4:6 – Defenses and Objections .  Those facing foreclosure frequently ask if they can get additional time to Answer, and while this is possible in some situations – the Court strictly enforces the Answer deadline and you do not want to risk being declared in default and losing your right to defend the case over a few additional days. What Form Should the Answer to the Foreclosure Complaint Take? Answer Many homeowners wrongly assume that they can write a letter to the Court or explain their situation informally to the Judge.  This is not the case.  The New Jersey Court Rules have specific and formal requirements for the form and content of your Answer.  New Jersey Court Rule 4:5-3. Answer; Defenses; Form of Denials . The Answer must address the numbered paragraphs of the Foreclosure Complaint and “admit” or “deny” each allegation in the same order th...
Read more

6 Keys to Getting an Affordable Loan Modification in 2022

Image
1) You Have to Apply to Be Considered – Sisyphus Never Got to Underwriting. The most important thing you need to know is that you cannot get a loan modification unless you get a complete loan modification application “under review.”  This is no easy task as the call center operators you deal with are expert at shuffling papers, asking for missing documents, claiming signatures are illegible, and changing “Point[s] of Contact”—(“POC”) just when things are coming together, without accomplishing anything. As attorneys, we know the rules that govern servicers like Wells Fargo, JP Morgan Chase, Bank of America, CitiMortgage, Mr. Cooper (formerly Nationstar), Ocwen Loan Servicing, Caliber Home Loans, Carrington Mortgage, M&T Mortgage, Ditech Financial, PHH Mortgage, and Specialized Loan Servicing.  We can hold their feet to the fire, where you have failed. While you may be doing everything you are asked by your POC, you still may be stuck at the “document gathering” stage. ...
Read more

How to Write an Effective Loan Modification Hardship Letter in 2022?

Image
  What is a Loan Modification Hardship Letter? A loan modification hardship letter is a letter you provide to your lender explaining the circumstances that caused you to fall behind on your mortgage payments and why you are now able to resume making regular monthly mortgage payments.  It is important to provide your current financial information and demonstrate that your expected modified mortgage payment is no more than 1/3 of your new gross monthly income. How Long Should the Hardship Letter Be? Make the hardship letter short and sweet.  The letter should be no more than 1-2 pages.  Most Servicer Representatives are unlikely to read a lengthy letter.  In addition, your Point-of-Contact may change and multiple stakeholders within the Servicer may be scanning this letter.  For those reasons, you should make sure the letter is succinct and focuses primarily on hard numbers. How Should the Hardship Letter Be Structured? Make sure the hardship letter is organi...
Read more