New Jersey Surplus Funds
In New Jersey, Surplus Funds are the excess money left after a Sheriff’s Sale. If no other creditors come forward to claim the funds, they belong to the property owner(s).
In New Jersey, there is a
Ira J. Metrick Attorney at Law LLC Blogs
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Important Update for New Jersey Homeowners: New Sheriff Sale Notice Requirements
Important Update for New Jersey Homeowners: New Sheriff Sale Notice Requirements
As of January 12, 2024, New Jersey has changed the requirements for notice of the Sheriff Sale. The envelope must state that it contains notice of the Sheriff Sale.
Am I Entitled to Tax Sale Foreclosure Surplus Funds?
What are Tax Sale Foreclosure Surplus Funds?
If your lender has obtained a Final Judgment in a Mortgage Foreclosure or a Tax Sale Foreclosure, they may attempt to sell your home at a Sheriff Sale. The money paid by the
New Jersey Tax Foreclosure Updates (as of March 2024)
Each year, more than 1,000 properties in New Jersey proceed through tax sale foreclosure. Many property owners lose significant surplus equity because the New Jersey Tax Sale Law provides no method to preserve their surplus equity. Once a Final Judgment
How to Fight Zombie Second Mortgages
Due to increasing property values, homeowners may be unexpectedly confronted with a long-forgotten second mortgage. Called “Zombie Second Mortgages,” these debts (and their lenders) are suddenly reappearing and threatening to take everything.
What Are Zombie Second Mortgages?
In New
My NJ Loan Modification Was Denied. Now What?
Denial of your loan modification application is distressing, but it is not the end of the road.
What Happens if a Loan Modification Was Denied?
When a loan modification is denied, the original terms of your mortgage remain in effect.
NJ Law Requires Deferral and Forbearance Agreements to be Listed in Foreclosure Complaints
NEW JERSEY REQUIRES THAT DEFERRAL AND FORBEARANCE AGREEMENTS BE LISTED IN FORECLOSURE COMPLAINTS
During Covid, many lenders offered Forbearance, or Deferral agreements, to temporarily pause or reduce loan payments. At the end of the Forbearance or Deferral Agreement, arrangements must
When is it Too Late to Save My Home From Foreclosure?
Facing foreclosure is a stressful and daunting experience for homeowners. New Jersey
homeowners have specific rights and timelines to be aware of when trying to halt the
foreclosure process.
Whether it’s exercising the right to cure the default, challenging the
My House Went Into Foreclosure, Now What?
We are a New Jersey Consumer Defense Law Firm that focuses on Defending Foreclosures and helping our clients get Mortgage Loan Modifications.
New Jersey Foreclosure can make you feel like you’re caught in a storm with no clear way out.
Contact Us For Tax Lien Assistance
If a Tax Lien is stopping you from selling a property, refinancing a property, or conducting business that would allow you to make payment(s) to the IRS, we can help you contact them in order to seek and facilitate their