As a result of the Coronavirus, New Jersey imposed a mortgage moratorium to temporarily stop mortgage foreclosures from proceeding to help people keep their homes. However, on November 15, 2021 that moratorium ended. As a result, foreclosures can again proceed....
Mortgage Modification
SHORT SALE, DEED-IN-LIEU, FORECLOSURE AND CHAPTER 13 BANKRUPTCY
When you fall behind with your mortgage, the lender can file a foreclosure for the purpose of selling your home and paying the proceeds towards what you owe them. If you can afford to make your mortgage payments and pay the missed payments over 5 years, you can file a...
Negotiating Mortgage Interest Rate Reductions and Credit Term Extensions with Banks
Divorce, loss of income and illness have caused a number of homeowners in Cherry Hill, NJ, Mount Laurel, NJ and other New jersey towns to fall behind with their mortgage. Filing a Chapter 13 bankruptcy to pay missed mortgage payments over time is not the only option...