If you have fallen behind on your mortgage payment or car note and are struggling to catch up, bankruptcy might be a viable solution for your circumstances. You might find yourself wondering if it can stop lenders from foreclosing on your home or repossessing your...
The most recent data regarding foreclosures across the country, including here in New Jersey, indicates that numbers have finally fallen to pre-mortgage crisis levels. Much of this is attributed to economic growth and the fact that lenders are clearing out foreclosed...
This might seem like an odd question, but it is one that many people ask themselves. Not everyone in who owns a home here in New Jersey or elsewhere wants to fight to keep it. If your mortgage is underwater and you do not want to keep your home, you could be asking...
Since the housing market crashed and the recession began, New Jersey has been one of the hardest hit states for foreclosures. Since 2011, foreclosure filings in the state rose each year -- that is, until 2015, when they actually declined. Even so, the number of...
It has been several years since the housing market crashed and three years since Hurricane Sandy hit New Jersey. However, the amount of outstanding and delinquent mortgage debt in the state has moved it to the number one spot in the nation for foreclosures. Now that...
As many New Jersey homeowners continue to struggle to keep their homes, some are hanging their hopes on a loan modification. However, qualifying for this type of mortgage debt relief could actually make a homeowner's financial situation worse. This is because many...
New Jersey homeowners may need to be aware that the U.S. Supreme Court recently ruled that a second mortgage on the filer's residence may not be considered an unsecured debt and be discharged in a Chapter 7 bankruptcy. Even if the value of the home is less than the...
Here in New Jersey, foreclosure proceedings can take nearly three years to complete on average. This means that homeowners may be kept in limbo for several years -- from the day the lender's notice of intention is filed through the completion of the sheriff's sale....
The crash of the housing market back in 2008 is still affecting millions of homeowners across the country. Many New Jersey residents who hoped their homes would increase in value when they bought them before the housing crisis are still struggling with declining home...
Between the Great Recession and Super Storm Sandy, the New Jersey housing market was hit particularly hard in comparison to the rest of the country. While foreclosures dropped in 2014 for the nation as a whole, they rose to 71 percent in the state. That means that an...
