Several settlements have been brokered with mortgage servicers over the last few years over questionable mortgage practices. Now, the fourth largest mortgage service in the country, Ocwen Financial Corporation and Ocwen Loan Servicing, the subsidiary of Ocwen...
Year: 2013
Chapter 7 bankruptcy could help families recovering from Sandy
The recession and collapse of the housing market caused plenty of financial damage to New Jersey residents. Then Hurricane Sandy blew through the state and became the second most costly natural disaster in the United States. More than a year has passed since Oct. 29,...
New Jersey bankruptcy: Credit scores and driving habits
New Jersey drivers may not consider that owning and driving a car can influence their credit scores. Traffic tickets, car payments, drunk driving charges and accidents can all put a consumer into a financial bind. When the financial struggle becomes insurmountable,...
New Jersey bankruptcy: Mortgage tax relief expires Dec. 31
The housing crisis may be over, but that has not stemmed the flow of foreclosures around the country and in New Jersey. Numerous homes are still not worth what their owners owe on them. An estimated 2.3 million homes are still in danger of foreclosure, and many of...
Planning for retirement after a bankruptcy late in life
The financial ramifications of the recent recession could be felt for years by many New Jersey residents that are either approaching or over the age of 50. Many people lost their savings and retirement accounts, lost their homes and/or incurred a great deal of debt in...
Paying down debt to stop harassing phone calls from creditors
It can be difficult for New Jersey consumers to sort through all of the advice concerning the quickest and most efficient method of paying off debt. Two of the most commonly used and discussed methods are the "debt snowball" and paying down high interest debt first....
New Jersey bankruptcy: Credit card debt has dropped nationwide
It may be no surprise to anyone in New Jersey that prior to the recession, Americans were addicted to credit. Credit card debt was out of control for many people, which is, at least in part, illustrated by the dramatic jump in the amount of people filing for...
Stop harassing phone calls from creditors re phantom debts
A significant number of New Jersey consumers have enough financial issues without having to deal with so-called phantom debt. As the name implies, this debt does not exist, yet companies are calling consumers and saying they are being sued and need to take action. The...
New Jersey homeowners unable to stop foreclosure live rent free
In many states, families whose home loans are being foreclosed are given an average of 30 days to vacate the home. However, as the people who live here already know, New Jersey is not like other states. In our state, when a homeowner is unable to stop foreclosure,...
New Jersey bankruptcy: What happens when insurance won’t pay?
Many New Jersey residents would agree that health insurance is supposed to take care of most, if not all, of the insured's medical expenses. Even so, there are some instances where the patient's portion is still more than a person can afford. Even worse, there are...
