How long will a foreclosure stay on my credit report? A foreclosure can stay on your credit report for as long as 7 to 10 years.
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Results for "foreclosure"
How much time do I have to answer a foreclosure complaint in New Jersey
How much time do I have to answer a foreclosure complaint in New Jersey? A foreclosure action starts when the lender files a complaint in the Superior Court, Chancery Division, in the county in which your home is located. The Defendant (homeowner) has 35 days from...
How does a foreclosure lawsuit start
How does a foreclosure lawsuit start? The lender files a foreclosure complaint in the Office of Foreclosure which is a part of the Superior Court of New Jersey. The lender who files the complaint is called the Plaintiff and the homeowner who is being sued is called...
Is New Jersey a judicial foreclosure state
Is New Jersey a judicial foreclosure state? New Jersey is a judicial foreclosure state. That means that if you do not make your mortgage payments, or you default on your mortgage in any other way, the lender must go to court to take back (repossess) your house. They...
What laws govern a NJ foreclosure
What laws govern a NJ foreclosure? The New Jersey Fair Foreclosure Act ( N.J.S.A. 2A:50-56) sets the rules that a lender must follow below they can file a foreclosure lawsuit and during the foreclosure action. An experienced New Jersey foreclosure defense attorney...
What is a foreclosure
What is a foreclosure? Foreclosure is the legal means that your lender can use to repossess (take back) your house when you do not make your mortgage payments or default on your mortgage in other ways such as not keeping the required homeowners insurance on your...
10 Things You didn’t know about the NJ Foreclosure Process
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...
What Are the Stages of Foreclosure in New Jersey?
If you are a homeowner facing foreclosure in New Jersey, it is important that you understand how the foreclosure process works. This article will outline the general steps in foreclosures in NJ and hopefully answer some common questions. Every situation is different,...
8 Tips to Avoid a NJ Foreclosure
It is very scary when you can’t pay your mortgage and might lose your home in a foreclosure in NJ. The stress of this situation can lead you to make mistakes-either by not doing anything, or by doing the wrong things. Below are 8 tips on how to avoid foreclosure in...
Bruce Levitt Wins Tax Lien Foreclosure Appeal
Bruce H. Levitt, partner at Levitt & Slafkes, P.C. recently achieved a major victory in the New Jersey Appellate Division on behalf of clients who had lost their house to a tax lien foreclosure. The Appellate Court, in the case of BV001 REO Blocker v. HB (USA)...