An Increase in New Jersey Foreclosures in July

In July, New Jersey had one in every 723 housing units with a foreclosure filing. Foreclosure starts increased in 44 percent of the nation’s metropolitan statistical areas (MSAs), according to ATTOM Data Solutions’ July 2018 U.S. Foreclosure Market Report. During the month, 30,187 U.S. properties started the foreclosure process for the first time, up 1…


Court Clarifies Requirements if Mortgage and Note Separated

On June 18, the New Jersey Appellate Division issued an opinion in the matter of Capital One v. Peck, No. A-0582-16T4, which involved the appeal of a final judgment entered in a residential foreclosure matter. The issue on appeal was separation of the note and mortgage, and whether that affected the plaintiff’s right to foreclose….


New Jersey Posts Highest State Foreclosure Rates for First Six Months of 2018

Nationwide 0.27 percent of all housing units (one in every 370) had a foreclosure filing in the first six months of 2018. States with the highest foreclosure rates in the first half of 2018 were New Jersey (0.80 percent); Delaware (0.57 percent); Maryland (0.50 percent); Illinois (0.44 percent); and Connecticut (0.40 percent). Other states with…


Note and Mortgage Assignment Both Needed to Foreclose in New Jersey

A New Jersey appeals court has held in a published ruling that in the “unusual” instance that the promissory note and a valid assignment of mortgage aren’t held by the same entity, a party seeking to foreclose on a mortgage must demonstrate it has both. But in a case where Capital One Bank brought a…


Chancery Track Offering New Service – Final Foreclosure Review

Chancery Track is now offering a new service where we compare your Chancery Abstract to Title, as well as do a Bankruptcy search of all defendants. Below are the details that we will provide in the Final Foreclosure Review letter. When you send in your Chancery Abstract Request, if you include title documents we will…


Ocwen Mortgage Mods Helped 45,650 Families Avoid Foreclosure in 2017

Falling behind in payments doesn’t have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while they try to catch up and climb out of their financial hole. On Wednesday, Ocwen…