Life can throw curve balls and that also goes for finances. When things get pretty financially tough for a New Jersey homeowner, he or she may consider a loan modification as a way of easing the financial stress. Essentially, loan modifications restructure a mortgage by altering one or several terms in the hopes of lowering monthly mortgage payments.
Officials from federal mortgage companies Freddie Mac and Fannie Mae have COVID-19 prominently on their minds.
The mega bank Goldman Sachs buys distressed home loans.
It’s not hard to recall the nation’s unprecedented housing collapse that first garnered a prominent spotlight back in 2008, is it?
The Inman Group recently released findings relevant to both New Jersey and national foreclosures. That organization – an entity that provides the country’s realtors and brokers with broad-based industry information – underscores what is essentially a mixed bag on residential real estate health both locally and spanning the United States.
Struggling with debt and falling behind on a mortgage can make a person feel scared and isolated. However, it is important to understand that you are not alone if you are in this situation. Hundreds of thousands of other people can go through this process every year.
We prominently underscore a key point for our valued New Jersey readers concerning financial solvency and security on our website at the established Somerville Law Office of Rajeh A. Saadeh.
Seeking relevant data on residential foreclosure activity is somewhat akin to inquiring what tomorrow’s weather will bring.
September-linked data concerning foreclosures was underscored with promise, spotlighting a seemingly strong upside for the country’s residential properties.