There are many benefits of hiring a NJ mortgage modification lawyer to help you with your home loan. A mortgage modification can reduce your monthly payment to an affordable amount, which will let you stay in your home. A lawyer can also help you lower your interest...
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Loan Modifications
5 Options that may be Available after a Mortgage Forbearance Ends
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...
My PPP Loan Proceeds Are Being Used Up: What Next?
According to a recent Goldman Sacks survey, by the first week of August approximately 84% of businesses will have exhausted the loans that they have received from the government through the Paycheck Protection Program (“PPP”). Yet, New Jersey remains in Stage Two of...
What Are Mortgage Servicer Abuses?
It is a fact that mortgage lenders make mistakes. Those mistakes often result in homeowners paying more than they are supposed to. There are also many homeowners who are being foreclosed upon that have been victims of mortgaging servicing abuse. The lawyers at...
Dealing with An Upside Down Mortgage
Homeownership is an expensive investment in your family's future. When you purchase a home, you do so with the expectation that it will appreciate in value. Otherwise, you would just rent. Sadly, many Americans find themselves in a position where the value of their...
Loan Modification Scams
The mere prospect of losing your home can have an incredibly negative effect on your mental health. Where will you live? Can you even afford to live somewhere else? How will your children cope with losing their home? What will happen to all of the money you already...
Staying in Your Home With A Mortgage Loan Modification
Homeownership is an essential element of the American Dream. There is a great amount of pride in picking out (or building) a home, raising your children there, and putting money into the house as an investment into your financial future. Unfortunately, home loans can...
NJ Supreme Court Rules that Mortgage Company Must Provide Mortgage Modification if Homeowner Complies with Settlement Agreement
On July 31, 2017, the New Jersey Supreme Court in GMAC Mortgage, LLC v. TamiLynn Willoughby said that the Chancery and Appellate Courts incorrectly found that a settlement agreement between a homeowner and GMAC Mortgage, LLC was provisional and not enforceable, which...
CAN A LENDER FORECLOSE WHILE A LOAN MODIFICATION APPLICATION IS PENDING?
The home is where the heart is, often filled with many of our life's memories as well as offering a treasured place of comfort and security. When that becomes threatened, you may find yourself exploring and exhausting every option before giving in to foreclosure....
Avoiding Loan Modification Scams
If you are currently in danger of losing your home, most likely you are exploring all options while still attempting to tread water financially. Fear of foreclosure can cause a substantial amount of stress for any homeowner, increasing as you try to go it alone in...