Tag Archives: new jersey supreme court

New Jersey Ruling Opens Door For Foreclosures To Proceed

USA Foreclosures 101

In the state of New Jersey, home foreclosures have been virtually stalled since a court ruling a couple of years ago in which a Lakewood couple was able to forestall proceedings against them because court documents did not contain the name of the mortgage owner. Instead, only the name and address of the servicing company was listed, prompting the couple to claim in court that the documents were inaccurate and essentially illegal. However, last January … Continue reading →

Foreclosure Problems Not Entirely The Fault Of Banks

USA Foreclosures 101

If nothing else, the recent settlement between 49 state attorneys general and five of the nation’s largest mortgage lenders has exposed many weaknesses in the current system of mortgage lending and foreclosures. However, it’s important that both consumers and the media refrain from jumping on the banks and blaming them exclusively. They certainly do own their fair share of the blame here, but we cannot leave out the responsibility of consumers and the federal government. … Continue reading →