by Marvin Schuldiner | Apr 7, 2009 | Commercial Mediation
The NJ courts have started a You Tube Channel and their first video is about the court’s foreclosure mediation program. The video is below and contains all the details about the program, of which I’ve written before.
by Marvin Schuldiner | Mar 3, 2009 | Commercial Mediation, Lawsuits
In January 2009, the New Jersey state government and courts implemented a foreclosure mediation program to help both homeowners and banks resolve outstanding balances on home mortgages. A homeowner can ask the court to be entered into the voluntary mediation program...
by Marvin Schuldiner | May 29, 2008 | Commercial Mediation
I’ve posted before about the advantages of trying to mediate with your lender if you find yourself in a mortgage foreclosure situation. Many cases that end up in court could have been resolved before it gets there. Some people are so embarrassed by being in...
by Marvin Schuldiner | Feb 16, 2008 | Commercial Mediation
I have talked previously about how useful mediation can be if you’re facing foreclosure of your home. With the crisis in the mortgage market and the downturn in the value of homes, many banks do not want to foreclose on properties as they may not be able to sell...
by Marvin Schuldiner | Dec 28, 2007 | Commercial Mediation
The recent crisis in the mortgage industry has resulted in an increase of loan defaults and foreclosures. This stems from the fact that many homeowners took out loans with low interest rates, but for short terms with a balloon payment to be re-financed. As those...
