Foreclosures Surging in New York-New Jersey Market

Prashant Gopal, Bloomberg The epicenter of the U.S. foreclosure crisis is shifting to New Jersey and New York, threatening a housing rebound in one of the country’s most densely populated … [Read more...]

Experts react to N.J. bill to expedite foreclosure of vacant homes

Joshua Burd, NJBiz State lawmakers have scored a partial victory in their bid to tackle New Jersey's foreclosure crisis, after Gov. Chris Christie signed a bill that would expedite the process for … [Read more...]

NJ Courts Require Homeowners to Act Promptly in Defense of Foreclosure

Saul Ewing LLP on 11/20/2012 Summary The New Jersey Appellate Division found that homeowners' excessive delay in raising their standing arguments precluded potential defenses and affirmed that a … [Read more...]

New Jersey State Court Rejects Borrower Appeal Challenging Foreclosure

Goodwin/Proctor A New Jersey state appellate court held that a borrower could not challenge the standing of a bank in a foreclosure proceeding in a last ditch effort to relitigate the case. The … [Read more...]

Donuts Aren’t the Only Thing Chris Christie Is Hoarding

Chris Christie Not Using $300 Million In Federal Funds To Help Distressed Homeowners Huffington Post Is Chris Christie doing enough to help residents of New Jersey stave off foreclosure? A new … [Read more...]

America’s Fattest Governor Gives Fat Tax Break To Wealthiest Constituents

Gov. Christie robbing N.J. homeowners to give to the rich Curt Hamilton and Teresa Stevens-Hamilton, Star-Ledger Gov. Chris Christie is taking $75 million earmarked for New Jersey homeowners and … [Read more...]

NJ Appellate Court Slams BofA For Loan Mod Scam

Peggy Wright, Daily Record Saying Bank of America tried to “pull the rug out from under” a Jefferson Township homeowner, a state appeals court Thursday enforced a loan modification plan that will let … [Read more...]

N.J. Supreme Court order clarifies foreclosure paperwork for mortgage lenders

Sarah Portlock, The Star-Ledger The state’s chief justice has given financial institutions that are foreclosing on homeowners more direction about how to file proper foreclosure paperwork. The … [Read more...]

NJ Supremes Say Lender Must Be Named In Foreclosure Complaint

Rule In Favor Of Guillaumes David Voreacos and David McLaughlin, Bloomberg New Jersey’s Supreme Court ruled that the lender must be named in documents indicating a bank’s intention to foreclose on a … [Read more...]

Robo-signing Causes 100k Backlog of Foreclosures In NJ

NJ Has Backlog of Up to 100K Foreclosures Stacie Servetah, Bloomberg New Jersey must work through a backlog of 50,000 to 100,000 unprocessed foreclosures because of delays caused by an investigation … [Read more...]