As experienced foreclosure defense attorneys we are often asked if homeowners facing foreclosure should hire a foreclosure attorney to help them avoid foreclosure and keep their home. While you can defend yourself against a foreclosure without an attorney, our...
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Results for "foreclosure"
Foreclosure Definitions
Foreclosure DefinitionsAcceleration clauseA contract term in a mortgage that requires the borrower to pay off the loan immediately if certain requirements are not met.AffidavitA sworn written statement, usually given while under oath or in front of a...
How Do I Stop Foreclosure in New Jersey?
If you’re a New Jersey homeowner facing foreclosure, you’re certainly not alone. In fact, New Jersey has among the highest foreclosure rates of any state in the country. Because of the current moratorium on evictions and foreclosures during the COVID-19 pandemic,...
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...
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...
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....
Cancellation of Debt Income in Bankruptcy, Insolvency and Foreclosure
Understanding Your Tax Obligations When Your Debt Has Been Canceled All Americans are obligated to pay taxes on the income they receive during a given year. When preparing a tax return, however, it is important to understand that the Internal Revenue Service’s...
Mortgage Foreclosure Prevention
Mortgage Foreclosure Prevention in NJ If you’re struggling financially, you might find it difficult to pay your mortgage each month. If you miss a certain number of mortgage payments, your lender might attempt a foreclosure, which means taking ownership of your home...