Foreclosure

Many in the state of New Jersey are falling into financial hardship and facing the threat of foreclosure. This could be due to a multitude of factors that are relative to each individual situation, but no person ever wants to lose the home that they worked so hard to...

Even though the nationwide numbers of zombie foreclosures have dropped 43 percent this past year, the number of such foreclosures in New Jersey have increased more than 28 percent at the same time. Unfortunately, Hurricane Sandy can be attributed to the loss of many...

While most of the country has made great strides in bouncing back from the real estate market collapse and the mortgage crisis of 2008, New Jersey homeowners continue to be burdened by financial challenges. Foreclosures have reached the lowest rates in the past decade...

New data shows that the national foreclosure rate fell by more than 10 percent from July to August. Still, about one in every 1,200 homes in America is facing foreclosure. Leading those statistics is New Jersey and a few other states. This was mostly due to the...

New data shows that the national foreclosure rate fell by more than 10 percent from July to August. Still, about one in every 1,200 homes in America is facing foreclosure. Leading those statistics is New Jersey and a few other states. This was mostly due to the...

When homeowners fall behind on their mortgages and they cannot pay the bills, two options tend to present themselves. One, they can file for bankruptcy and either modify the payment structure or liquidate the home's equity to avoid foreclosure. Or, they can accept the...

A recent report showed a spike in foreclosures all over the country. The sharp increase was mostly due to bank repossessions. While this data may seem surprising, given the steady growth of the economy in recent years, many experts saw this spike coming. There was a...

Being a judicial foreclosure state, New Jersey law involves the state courts in foreclosure actions from the very beginning, working in conjunction with the state Office of Foreclosure. Anyone seeking to foreclose on real property in the state must follow specific...

Being a judicial foreclosure state, New Jersey law involves the state courts in foreclosure actions from the very beginning, working in conjunction with the state Office of Foreclosure. Anyone seeking to foreclose on real property in the state must follow specific...

There are two types of foreclosure laws in the United States. About two thirds of the states allow for a procedure known as "foreclosure by power of sale." Under this method, a mortgage holder can sell property subject to foreclosure without needing to resort to court...