Mortgage Forbearance 101 A mortgage forbearance is when your mortgage servicer or your lender allows you to stop or reduce your mortgage payments for a limited period of time. Your mortgage servicer is the company to which you send your mortgage payments. A mortgage...
Foreclosure Saving Your Home
New Jersey Allows Foreclosure Judgments to be Entered
Early on in the COVID-19 pandemic the New Jersey courts placed a hold on the entry of final judgments of foreclosure. That meant that although foreclosures were allowed to be filed, the cases could proceed only up to the filing of a motion for a final foreclosure...
Attorney Bruce Levitt Wins a Lawsuit and Helps a Family Get Back Their Home Lost to a Tax Lien Foreclosure
Bruce Levitt of Levitt and Slafkes is proud to announce a victory in New Jersey State Court in the case of BV001 REO Blocker, LLC v. HB (USA) Properties, LLC, Docket No. F-002097-19 (Sup. Ct. N.J. April 17, 2020), where he successfully vacated a tax lien foreclosure...
FORGIVENESS OF DEBT INCOME EXCLUSION RENEWED AND EXTENDED
There is some good news for homeowners who have received and will receive debt forgiveness from their mortgage lenders in connection with mortgage modification, foreclosure or a short sale. The Qualified Principal Residence Indebtedness (“QPRI”) exclusion which...
5 Mistakes to Avoid when You’re in a Foreclosure in New Jersey
Just because you are behind on your mortgage it does not necessarily mean you will lose your house in a foreclosure. What happens often depends on how you respond to your situation and if you do so in a timely manner. Here are five mistakes to avoid that could help...
How Long Do I Have to Answer a Foreclosure Complaint in New Jersey?
Many people call us wanting to know how long they have to file an answer to a foreclosure complaint that they have been served with. This blog will answer that very important question. A foreclosure action begins when the mortgage company files a complaint against...
If My Home is Sold at a Sheriff Sale in New Jersey Can I Get it Back?
The right of redemption allows you to get back your home after a sheriff sale. Foreclosures in New Jersey are judicial which means that the lender must file a lawsuit to foreclose on your home. If your home has recently been sold at a Sheriff Sale in New Jersey you...
Top 5 “Must Ask” Questions When Shopping for a Foreclosure Defense Attorney
Choosing a foreclosure defense lawyer is a very important decision and you want to get it right. Here are what we believe are the top 5 questions you must ask a foreclosure defense attorney before hiring them. Number 1: Are You Licensed to Practice Law in New Jersey?...
Who Are the Unknown Defendants in Your Foreclosure Lawsuit?
If you have been served with a foreclosure complaint who may notice that under defendants, (the person being sued) alongside your name on the complaint other "unknown" defendants are listed? We are often asked who are these unknown defendants and why are they listed....
What is a Notice of Intention to Foreclose In New Jersey? Should I Take It Seriously?
First of all, you should take any notifications that your get from your lender seriously. A Notice of Intention to Foreclosure is your lender telling you that because you are not current with your mortgage payments, the lender is planning to foreclose on your...