Lender is Simultaneously Foreclosing During Loan Modification Negotiations – is That Kosher?
ATTENTION HOMEOWNERS IN FORECLOSURE. Just because a mortgage lender is negotiating a loan modification doesn't mean the lender has to suspend its rights when the borrower is in default.
This is a rather common scenario in our difficult economic times. The bank sends its borrower a letter offering a loan modification. The borrower accepts the ban...
INHERITED IRA NOT PROPERTY BANKRUPTCY ESTATE | NJ
Under federal bankruptcy law, retirement funds are generally exempt from the claims of creditors in bankruptcy proceedings. But in Clark v. Rameker, 134 S. Ct. 2242, 189 L. Ed. 2d 157 (2014), the United States Supreme Court declared that an inherited IRA -received by the beneficiary upon death of the IRA owner - does not fall within the definition ...
4-Year Statute of Limitations | Breach of Contract Claims NJ UCC
In New Jersey, the easiest way to get tripped up in filing a breach of contract lawsuit is to misconstrue the applicable statute of limitations. As a general rule, lawsuits for breach of contract in New Jersey must be filed within six (6) years of the date the cause of action accrues. See N.J.S.A. 2A:14-1. However, clients and practitioners...
New Jersey Judgment Search
NEW JERSEY JUDGMENT SEARCH
Need to find out whether someone you're doing business with or about to enter into a business transaction with has debt problems? Or perhaps you just want to check your name against the New Jersey state database of judgments?
The New Jersey Judiciary website offers a free judgment lien search for judgments docketed in T...