Foreclosure

Not many of life's difficulties are as stressful to New Jersey residents as finding that they are looking at a possible foreclosure on their home. There are different kinds of options available for some homeowners that can prevent the foreclosure under certain...

If you're unable to afford your mortgage payments on your home and considering foreclosure, you should know that there are other options that may be viable and preferable.Let's look at a few of those. Deed in lieu of foreclosureWith this option, the borrower and...

Foreclosure is one of the worst nightmares a homeowner can face. You have worked hard to establish yourself financially and invest in a home you can call your own. When plans change and you find yourself unable to pay your mortgage, it can be devastating. You are far...

All too often, mortgage loan work-outs do not work out as planned, and a homeowner makes the tough decision to leave the home. Frequently, this is because the mortgage payments are not affordable and the owner has been unable to sell the home at a price that would pay...

If you are missing mortgage payments, you might be dreading the thought of foreclosure. With your finances in shambles, the fear of losing your home likely keeps you up at night. While you might feel hopeless, you still have ways to get out from under this. Believe it...

If you're struggling to pay your mortgage, you might find some solace in knowing that you're not alone. Each day, countless homeowners face that same dilemma.While you might like to ignore the collection calls, you can't. Not only do you need to have somewhere to...

Residential foreclosure rates have generally dropped to below what they were prior to the recession a decade ago, and they are continuing to fall. However, the good news doesn't extend to all states, including New Jersey.On average nationwide in March of this year,...

Many New Jersey residents suffered severe and in some cases irreparable damage to their homes during Hurricane Sandy in 2012. Nonetheless, many are still required to pay their mortgages even as they are working to rebuild their homes.Now, thanks to recently-enacted...

With the departure of President Obama, so goes his fledgling Home Affordable Modification Program. The much-maligned government program was an attempt to keep borrowers at risk of foreclosure in their homes.However, HAMP participation was voluntary for lenders —...

Will this be your last holiday season you will spend in your home? Is foreclosure looming large and bearing down fast? If so, it's time to make some hard decisions.You might feel as if you no longer have a choice in the matter any longer, but quite often that's not...