How are mortgage liens treated in New Jersey?
New Jersey is known as a lien theory state where the property acts as security for the underlying loan. The document that places the lien on the property is called a mortgage.
How are New Jersey mortgages foreclosed?
In New Jersey, the lenders go [...]
Continue Reading →What is HAFA?
The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative announced in November 2009 overseen by the US Treasury Department and administered by Fannie Mae (Fannie) assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure, specifically through short sales (SS) or deeds-in-lieu (DIL) of foreclosure. As of April [...]
Continue Reading →Oftentimes, as a Top New Jersey Real Estate agent, I help homeowners like you understand and evaluate their next move when it comes to falling behind on mortgage payments. Rest assured that help is available and it comes in different forms. Please know that I understand what you are going through.The market changed [...]
Continue Reading →First step in streamlining short sale or a deed-in-lieu (DIL) to avoid foreclosure!
Treasury Department Announces Home Affordable Foreclosure Alternatives Program
On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection [...]
Continue Reading →Many homeowners facing foreclosure determine that they just can’t afford to stay in their home. If you plan to liquidate your home but want to avoid foreclosure (including the negative blemish that will appear on your credit report), consider a short sale or a deed in lieu (DIL) of [...]
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- Weichert, Realtors
- Audeliz Angie Perez
- 123 Lincoln Highway
- Edison, NJ 08820
- Office: 732-494-6800
- Fax: 732-603-9626
- Cell: 973-715-6210
