Lender Processing Services and a couple of its subsidiaries have admitted in a multi-state settlement that mortgage foreclosure documents contain false signatures and those documents were falsely notarized. As a part of the settlement, the company and its subsidiaries...
Hurricane Sandy ripped through New Jersey months ago, but the damage done is still being discovered. Recent reports have indicated that mortgage delinquencies have risen in areas hit by the hurricane. The financial losses suffered by many in our state may lead to a...
As the year comes to an end, many New Jersey homeowners may be wondering whether Congress is going to renew the homeowner friendly tax provisions that are expiring on Dec. 31. Many homeowners continue to struggle with their mortgage debt and are doing what they can to...
As if to add insult to injury, Hurricane Sandy has further devastated the New Jersey housing market. Homeowners that were struggling with housing debt before the hurricane may be suffering even more than they were before. Many families no longer have a habitable home,...
As we enter the last quarter of the year, Congress has yet to renew the Mortgage Forgiveness Debt Relief Act, which is set to expire on Dec. 31. This law provides that any amount of debt forgiven by a lender on a home mortgage loan is not taxable as income for those...
When New Jersey was identified as one of 17 states that was hardest hit by the housing crisis, the federal government's Troubled Asset Relief Program gave New Jersey approximately $300 million to help people keep their homes. The program was slow in starting, but now...
It's no secret to Essex County homeowners that foreclosure activity is on the rise again in New Jersey. The increase is a result of foreclosure processors at last getting to the backlog caused by earlier judicial delays. While many homeowners know what leads to...
Foreclosure is nothing new for Essex County homeowners as New Jersey residents are still battling to bring an end to these problems. Those who are unemployed, debt-burdened, or low-income are in a particularly tough position to combat the housing crisis, and these are...
When an Essex County household is faced with foreclosure, it can be a trying time. Many turn to professionals who can help try to stop foreclosure and expect that these professionals will uphold their best interests. Unfortunately in many businesses, including the...
New Jersey homeowners and those familiar with this blog may have heard about the slight nationwide decrease in foreclosures seen in the first few months of the year, as compared to a year earlier. The decrease was a small one, with many states still holding onto high...
