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Fair Foreclosure Act Does Not Apply When Borrowers No Longer Reside at Secured Premises At the Time of Default

New Jersey's legislature enacted the Fair Foreclosure Act in order to afford homeowners "every opportunity to pay their home mortgages, and thus keep their homes." Amongst its safeguards, the Fair Foreclosure Act gives residential mortgagors statutory rights to cure defaults and requires...

State Net Capitol Journal: Feds Bolster State Efforts to Help Underwater Homeowners

Barely a month into President Barack Obama's presidency, his administration announced a major effort to help millions of underwater homeowners who owed more on their mortgages than their homes were worth refinance into lower interest rate mortgages. But the Home Affordable Refinance Program, or HARP...