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Purpose of the Law On July 10, 2024 Gov. Phil Murphy signed into law a major revision of the New Jersey tax sale foreclosure process. The purpose of this revision is to help homeowners preserve some of the equity that they would have lost in the tax sale foreclosure...
What is a Zombie Mortgage? Did you think your second mortgage, home equity loan or home equity line of credit was written off and then suddenly had it reappear from the dead after many years? If so, you may have what is called a zombie mortgage. This can be...
This blog will discuss an important new case in New Jersey in the area of tax lien foreclosure. This case can be helpful to New Jersey property owners who have recently lost their property in a tax lien foreclosure. Imagine you own a house worth almost...
In an increasingly unstable housing market, many homeowners are faced with a tough decision: whether to sell their home for less than what they owe on it or risk foreclosure. There are two options that you can pursue when choosing between these two courses of action:...
The foreclosure process in NJ can be very confusing and scary. In the more than 30 years that we have helped people save their homes, as foreclosure attorneys in NJ, we have been asked many questions about the NJ foreclosure process. This blog will address 10 of the...