Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In New Jersey? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

How to Stay in My New Jersey Home after Foreclosure

A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Foreclosure Effects In New Jersey – What Sellers Need To Know

Foreclosure is a nightmare to any family going through it irrespective of the reasons why they are about to lose their home. Today we are going to look at the foreclosures effects in New Jersey and what local house sellers need to know. First we will look at the effects and the ways of easing them. … Continued

Giving My House Back To The Bank In New Jersey

“I’m behind in payments…will I be giving my house back to the bank in New Jersey?” Nobody wants to lose their home. But sometimes financial circumstances turn against you and those financial commitments become simply too much to manage. If your situation progresses too far, you may be forced into the unfortunate situation of having … Continued

Help, I’m behind in my mortgage payments in New Jersey!

When you fall behind in your mortgage payments on your New Jersey home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge. There’s a few options that can help you to avoid foreclosure in New Jersey … Continued

Can I sell my Irvington, New Jersey house in foreclosure?

Do you have an Irvington, New Jersey house that’s in foreclosure right now? Many people going through the Irvington, New Jersey foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you … Continued

Understanding the Foreclosure Process in New Jersey

Understanding the foreclosure process in New Jersey is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s … Continued

Who are the cash house buyers in New Jersey?

You’ve seen the “we buy houses in New Jersey” and “cash for houses” signs all around town when you’re driving around… even in other cities across NJ… so who are these cash house buyers in New Jersey?  Are they legit? How does it work?  Who should I trust? We’ll dive into these questions here in … Continued

Foreclosure notice of default in New Jersey– what is it?

If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued