Category Archives: Foreclosure

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Pros and Cons of Short Sales

It’s a jarring, but true statistic that millions of Americans have trouble paying their mortgage. Sometimes it’s because a family will simply live paycheck-to-paycheck, other times it’s because unforeseen situations could even have them facing foreclosure. Owners in this situation may also consider a short sale. A short sale is the process of selling a……
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The Difference Between Foreclosures & Short Sales

Your debt is overbearing and you can’t keep up with your mortgage payments. There are a few possible paths you could face next, including foreclosure or a short sale. Both will help pay back creditors and lenders, but they’re different routes and don’t come without their own problems. Foreclosure If you miss a certain number……
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Disadvantages Of Going Through Foreclosure Without An Attorney

It’s always discouraging to fall behind on your mortgage payments, especially when you’re working so hard to meet them each month. But if you fall far enough behind, the lender may begin the foreclosure process, which means your home will be sold at a public auction, with the proceeds meant to cover some of the……
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What Are Home Foreclosure Adjournments and How Many Can Be Used?

Are you facing foreclosure? If so, you’re not alone, it’s more common in New Jersey than many realize. In fact, we have more active foreclosure cases than any other state in the U.S. It’s a sad reality, and a big part of it is the legal procedures in place. If your house has gone into……
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Can Filing for Bankruptcy Stop the Foreclosure Process in NJ?

Filing for bankruptcy will stop the foreclosure proceeding, at least temporarily. The Automatic Stay, an order issued by the court, requires your creditors to stop actions against you immediately. This means that even if a foreclosure sale on your house is scheduled, it must be postponed while your bankruptcy is pending. This is usually good……
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