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Foreclosures falling - what about New Jersey?

Fox Rothschild LLP
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USA
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February 18 2013

RealtyTrac releases a monthly report which reviews foreclosure filings in all 50 states. Overall, new foreclosures were down 11 percent nationwide

Foreclosure defense limits clarified

Fox Rothschild LLP
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USA
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February 13 2013

Trial judges in New Jersey are doing a much better job of late reducing the foreclosure back log in part by aggressively disposing of baseless

Standing to commence foreclosure

Fox Rothschild LLP
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USA
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February 6 2013

For mortgage loans that have been bundled into mortgaged backed securities and other collateralized debt obligations ("collectively, "CDO's"), the

New appraisal standards approved for higher-risk mortgages

Fox Rothschild LLP
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USA
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January 28 2013

A new rule passed Jan. 15 gives mortgage lenders an additional year to institute appraisal standards for higher-risk loans. Six agencies were

New Jersey Courts continue to support unsuspecting mortgage lenders

Fox Rothschild LLP
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USA
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January 24 2013

Mortgage priority lawsuits continue to attract the attention of the New Jersey courts. In that context, the theory of equitable subrogation continues

NJ adopts summary foreclosure procedure for abandoned residential property

Fox Rothschild LLP
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USA
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January 14 2013

New Jersey has taken a huge step in steam lining the process for mortgage holders to foreclosure on residential properties that are found to be

Impact of Hurricane Sandy on New Jersey foreclosure activity

Fox Rothschild LLP
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USA
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December 6 2012

For many reasons, Hurricane Sandy was a “game changer” for New Jersey and the East Coast

Rights and obligations of landlords and tenants when leased premises suffers casualty damage caused by Hurricane Sandy

Fox Rothschild LLP
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USA
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November 19 2012

The obligations of a landlord as an owner of a commercial property (i.e., office, retail, manufacturing facility, warehousedistribution facility, etc.) to repair and restore casualty damage to such property are found in two documents pertaining to the property (i) a mortgage and security agreement constituting a lien on the property when recorded in the County Clerk’s office where the property is situate and (ii) a lease between the landlord and tenant