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...
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...
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,...
It has been said that the number of foreclosures has gone down across the country. Unfortunately, that doesn't seem to be the case here in New Jersey. Many homeowners are still struggling to stop foreclosure of their homes. Nationwide, the percentage of new...
The housing market may be recovering in some states, but in New Jersey, there are still problems. The percentage of homeowners that are still trying to stop foreclosure of their homes is over six percent. This may be due, at least in part, to the judicial foreclosure...
Now that most of the legal inquiries regarding foreclosure practices and filings have been resolved in New Jersey, more foreclosures are starting to take place. For homeowners who had hoped to stop foreclosure, their home may be back up for auction. Atlantic county...
New Jersey ranks right up there with six other states and our nation's capital as having a disproportionate amount of minorities that have lost their homes since the housing crisis began. Over half of the residents in these states have been unable to stop foreclosure...
There is evidence that foreclosures in New Jersey are beginning to drop. Of course, some of that drop may be due to lenders halting foreclosures after Hurricane Sandy. However, there are still many homeowners that are still struggling with delinquent mortgage debt and...
Singer R. Kelly has now joined a host of celebrities who have not been able to escape the impact of the recession. Like many homeowners here in New Jersey, he was unable to stop foreclosure of his reportedly $5 million home in the windy city. His lender, J.P. Morgan...
New Jersey residents may need to be aware of yet another consequence of the proliferation of foreclosures that have been processed since the housing bubble burst. There are many homeowners in New Jersey that believe their foreclosures are complete and they are no...
