Word to the Wise

Posted by kevin on October 3, 2011 under Foreclosure Blog | Comments are off for this article

In the last 8 months or so, there has been little activity on the foreclosure front.  The  NJ Supreme Court directive slowed down foreclosures and basically stopped sales.  However, most of the big lenders have now complied with the minimum standards required by the courts, and are now sanctioned to continue with the foreclosures.

The spigots are opening.  Notices are going out.  We can expect to see a large increase in filings.

However, when I speak with prospective clients, they are reluctant to retain counsel.  Cost of representation is now an issue.

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