One of the most common concerns my clients have prior to filing bankruptcy is the effect it will have on their credit. This is true despite the fact that in almost every case, the client's credit is...
October 12, 2012
Chapter 13,
Foreclosure
NJ Foreclosure numbers have risen 130 percent year over year according to a report from RealtyTrac.
New Jersey Foreclosures on Increase, While Nationwide Dropping
Nationwide the picture is different...
November 23, 2011
Foreclosure
New Jersey Fair Foreclosure Act
Before a lender can initiate foreclosure proceedings in the State of New Jersey, it must notify a borrower of its intent and provide the borrower some very specific...
July 28, 2011
Bankruptcy,
Foreclosure
Recently, in a case involving Wells Fargo and American Home Mortgage Servicing, Inc. (AHMSI) we had the opportunity to take the deposition of bank representative Jose Colon. A copy of the deposition...
July 23, 2011
Foreclosure
As if it was not hard enough to lose ones home in a foreclosure action, could you imagine being required to write a check to the mortgage company after the home is sold at auction? Many borrowers owe...
May 11, 2010
Bankruptcy,
Foreclosure
RealtyTrac reported its January 2010 Foreclosure Market report on February 11, 2010, which showed a decrease of nearly 10 percent from the previous month of December 2009. However, the report...
November 9, 2009
Bankruptcy,
Foreclosure
According to an article on Bloomberg.com, the Obama administration's foreclosure prevention program shed 24 percent of the almost 1.1 million borrowers who had obtained trial loan modifications...