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Foreclosure Defense and Loan Modification Blog

4 Ways to Avoid Foreclosure at the Last Second

Posted by Maxwell Swinney

Thursday, May 18, 2017

Falling behind on your mortgage is a terrible situation to be in, but even if a foreclosure sale date is fast approaching, it doesn't necessarily mean that all is lost. You may still be able to stop foreclosure, possibly even permanently.

Depending on your situation, a loan modification, adjournment, emergency motion, or bankruptcy could help you avoid losing your home to foreclosure. Here's how each works:

1. Loan Modification

Applying for a loan modification can stop a foreclosure sale when the application for it is submitted to the mortgage servicer at least 37 days before the sale date. When a bank pursues foreclosure while a loan mod application is under review, that's called dual-tracking, a practice that is prohibited by the Consumer Financial Protection Bureau's mortgage servicing rules.

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Topics: new jersey foreclosure process, how to stop foreclosure, Bankruptcy, foreclosure, avoiding foreclosure

Using Your Statutory Rights to Adjourn a Sheriff's Sale in New Jersey

Posted by Maxwell Swinney

Tuesday, November 1, 2016

Homeowners in New Jersey have a right to adjourn a sheriff's sale of their home for 14 days for any or no reason by paying a small fee.

And this can be done twice.

This foreclosure avoidance tool is called a statutory right to adjourn sheriff's sale. (Adjournment means a temporary postponement of a court action.)

It's not a permanent way out of foreclosure, and it doesn't cancel the sale, but it's a great tool for homeowners to use to temporarily stop the sale of their home when no other option is available.

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Topics: new jersey foreclosure process, i have a foreclosure sale date, prolong foreclosure, foreclosure defense attorney new jersey

You Could Be In Foreclosure And Not Even Know It

Posted by Maxwell Swinney

Tuesday, July 5, 2016

Many homeowners find that something strange happens when they stop paying their mortgage: nothing much. After missing payments they get letters from their bank telling them that they have to pay up or else lose their home. They don't pay because they can't, but still nothing happens for a long time.

Some homeowners go many years without making a payment, falling behind by tens or hundreds of thousands of dollars, and yet their house isn't sold at a foreclosure auction, the sheriff doesn't tell them to vacate the premises, and they're not thrown to the curb. Sometimes the collections calls even stop!

However, just because nothing seems to happen doesn't mean that the gears of foreclosure aren't turning or that the bank forgot that your loan isn't performing for them. Rest assured that they haven't forgotten about you and the money you owe them.

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Topics: new jersey foreclosure process, foreclosure process in new york, loan modification, florida foreclosure process, loan modification help, foreclosure

New Jersey Number Two in Country for Foreclosures

Posted by Maxwell Swinney

Friday, May 6, 2016

In the first quarter of 2016 the U.S. saw less foreclosure activity than in any quarter since the fourth of 2006. But New Jersey continues to struggle with a foreclosure rate that's much worse than the national average.

Nationwide, one in every 459 homes in the country had a foreclosure filing in the first quarter of 2016. But in the garden state it's one in 216.

According to RealtyTrac's Foreclosure Market Report the only state with more is Maryland with one in every 194 housing units having a default notice, scheduled foreclosure auction, or bank repossession.

Southern Jersey and Atlantic County are struggling particularly hard.

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Topics: new jersey foreclosure attorney, new jersey foreclosure process, loan modification, foreclosure

New Jersey Foreclosure Trends for 2014

Posted by Jake Sterling

Monday, December 23, 2013

From the election to the continued Sandy recovery efforts, 2013 was important for the future of New Jersey. 2014 promises to be an even more vital year for New Jersey's future. While the hot-button topic of last 5 years has been all about how New Jersey has dealt with new foreclosures, the hot-button topic in 2014 will be about how New Jersey deals with the aftereffects of the mortgage crisis.

If New Jersey's people, government, and banks don't make the right choices, then it could spell a worse 2014 and beyond for everyone in the Garden State.

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Topics: new jersey foreclosure attorney, new jersey foreclosure process

3 Things You Needed To Know About New Jersey Foreclosures in 2013

Posted by Jake Sterling

Monday, December 9, 2013

It's hard to believe, but 2013 is already coming to a close. This has been quite an eventful year for New Jersey homeowners- especially because the events of 2012 have started a ripple -- or better yet, a wave of effects that lasted into 2013. For example:

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Topics: new jersey foreclosure attorney, new jersey foreclosure process, foreclosure defense attorney new jersey

Free Offer: Download the New Jersey Foreclosure Timeline

Posted by Jake Sterling

Tuesday, July 23, 2013

  • What's the best thing to do immediately after getting a foreclosure notice?
  • How long does it take to foreclose on a home in New Jersey?
  • Are you completely ready to deal with the foreclosure process in New Jersey?

If you can't confidently answer all these questions, then you should take a few seconds to download the New Jersy foreclosure timeline, especially if you think you may be at risk for foreclosure or are already within the foreclosure process.

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Topics: new jersey foreclosure attorney, new jersey foreclosure process

Information Is Power, Learn About The New Jersey Foreclosure Process

Posted by Jake Sterling

Monday, June 17, 2013

If keeping your home is your goal when dealing with the New Jersey foreclosure process, you've got to be proactive. There is a sharp contrast in the length of the foreclosure timeline between those those that jump right into the fight and those that are a bit slow out of the gate. Dealing with foreclosure can be overwhelming, considering that it is often yet another crisis in a series of unfortunate events.

After all, most people facing foreclosure have been through some sort of financial, medical, or personal turmoil, and it is difficult to act when you're unsure of exactly what to do. However, in New Jersey, failing to act fast is risky; it can cost you your home.

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Topics: new jersey foreclosure attorney, new jersey foreclosure process

Understanding the New Jersey Foreclosure Process

Posted by Jake Sterling

Monday, April 8, 2013

Finding a New Jersey Foreclosure Attorney means first understanding the foreclosure process for the state of New Jersey. A foreclosure defense attorney must be licensed to practice in the same state as your property. As foreclosure laws differ from state to state, be sure you understand the process and hire an attorney who is well versed in handling cases in New Jersey.

Like in most states, it takes about 3 months of missed payments for the bank to begin the default process. In the state of New Jersey, the lender must file a notice of intent to foreclose 33 days prior to serving the homeowner with actual foreclosure papers.

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Topics: new jersey foreclosure attorney, new jersey foreclosure process

About this Blog

Amerihope Alliance Legal Services is a leading loan modification and foreclosure defense law firm with attorneys licensed in 5 states. We have helped over 7,000 homeowners fight back and keep their homes.

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Our goal is to provide valuable information to help homeowners who are trying to obtain a loan modification or to stop foreclosure. You may schedule a free consultation at any time.

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