Category: Foreclosure

Foreclosure Prevention Measures in New Jersey - NJ Local HomeBuyers

Foreclosure Prevention Measures in New Jersey

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It is unfortunate these that homeowners become deliquent on their mortgage and bank starts to foreclose. Here are some ways to avoid foreclosure. 1. Pay off your mortgage 2. Work out to Deal with Bank 3. Short Sale 4. Deed in Lieu 5. File for Bankruptcy 6. Sell the House to Investor Connect with NJ … Continued

Foreclosure Prevention Measures In New Jersey and the rest of New Jersey

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  Local New Jersey homeowners who are facing a financial challenge may find themselves in foreclosure. Foreclosure is when the mortgage loan doesn’t get paid back and the bank begins the process to take ownership of the property to recoup its losses. If you find yourself entering the foreclosure process, you might wonder if there … Continued

Can You Get Your House In New Jersey Back After Foreclosure?

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If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in New Jersey back after foreclosure. After all, you need a place to live! Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is … Continued
How to Avoid Foreclosure

How to Avoid Foreclosure in New Jersey

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How to Avoid Foreclosure in New Jersey. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can do. Don’t Abandon Ship. Many people simply give up and … Continued

What is a Pre-Foreclosure in New Jersey?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in New Jersey anyway? Many homeowners across America and New Jersey are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

How to Avoid Foreclosure in New Jersey

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While the housing market is rebounding, many people in New Jersey are still struggling to make their mortgage payments. If you’re underwater on your home or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Thankfully, there are a number of things that you can … Continued

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

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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

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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

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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

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“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!

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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?

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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

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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