Foreclosure

When homeowners in New Jersey are informed that their house is in foreclosure, many of them immediately panic and all realistic thoughts go flying out the window. While the thought of foreclosure is daunting to many, and rightfully so, people who plan ahead may have...

Foreclosure can happen to pretty much anyone. All it takes is a financial emergency and you get behind on your mortgage. If you are facing foreclosure and see no way to stop it, you may wonder how this is going to affect your credit. To begin with, creditors do not...

Buying a home that you can call your own is an exciting time for a New Jersey resident. Unfortunately, there are companies and individuals who use this time to prey upon borrowers by offering loans that are unfair and can be financially detrimental to you down the...

The challenge of understanding the foreclosure process often only adds to the stress of the situation as a whole. Many New Jersey residents currently facing foreclosure feel overwhelmed not only by the process, but by the task of searching for a new living space....

If your lender forecloses on your home or you sell it as a short sale (meaning you sell it for less than you owe the lender), the lender may forgive the unpaid balance on your mortgage. While forgiveness of unpaid debt may sound like a good thing, it may not at tax...

New Jersey consumers who are facing foreclosure may wonder what their options might be. Some may consider a deed in lieu of foreclosure. There are both advantages and disadvantages to this option. Deeds in lieu of foreclosure are conveyances by which homeowners who...

If you're at the point where you can't keep up with your mortgage payments and are looking at the possibility of losing your home, you're going to be exposed to a number of terms you probably hadn't thought much about before -- or even heard. Two key ones are...

New Jersey remains one of the hardest-hit states when it comes to home foreclosures. Nearly 68,000 properties are currently in foreclosure. In every month since Sept. 2015, our state has ranked first or second in the number of foreclosures filed.The foreclosure crisis...

A majority of homeowners have to make regular mortgage payments. According to figures offered by FiveThirtyEight, only about one out of every three American homeowners have paid off their mortgages in full. At one point or another, many homeowners need to go through...

If you realize you can no longer afford your home in New Jersey, you may find yourself wondering if a short sale can help. With it, you can sell your home, move into an affordable place and say goodbye to your mortgage payments. It may seem like the perfect solution...