How Long Can Forbearance Be Used To Stop a Foreclosure?
Under a forbearance agreement, a mortgage company reduces or halts a homeowner’s monthly mortgage payments for a set period of time. The total amount owed does not change but is simply due at a later date. Forbearance is a foreclosure defense strategy designed to help people keep their homes as they deal with temporary hardship…. Read More »
Can New Jersey Renters Be Evicted During an Owner’s Foreclosure?
If you are given notice that your landlord’s mortgagee filed for foreclosure on the house or apartment building where you live, it is important that you know your rights as a tenant. First and foremost, you should know that you cannot be evicted simply because your landlord failed to pay their mortgage. Nor do you… Read More »
Reverse Mortgages and Bankruptcy
Reverse mortgages are designed to allow you live off of the equity in your home. This type of loan pays off your mortgage, lets you live in the home “mortgage payment free” for life or until you leave the home. Often, these loans require that you pay the property taxes and insurance. Should you fail… Read More »