Paterson is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city population was 149,222. Census population projections indicate a population of 146,545 as of 2007, making it New Jersey's third largest city. It is the county seat of Passaic County. Paterson is known as the "Silk City" for its dominant role in silk production during the later 19th century. Paterson was originally formed as a township from portions of Acquackanonk Township on April 11, 1831, while the area was still part of Essex County. Paterson became part of the newly-created Passaic County on February 7, 1837. Paterson was incorporated as a city on April 14, 1851, based on the results of a referendum held that day. The city was reincorporated on March 14, 1861.

Foreclosure Law Lawyers In Paterson New Jersey

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in New Jersey

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...