A bill to protect Sandy victims from foreclosure was approved by the State Senate on December 20, 2016. Earlier this year, the assembly had approved the bill. The bill has now reached Governor Chris Christie for approval and may offer temporary foreclosure protection to the victims of Hurricane Sandy, which destroyed many homes.
Too often homeowners seeking mortgage modifications comply with the requirements of a trial modification, only to find that their mortgage company has refused to modify the mortgage terms. The case of Bloc v. Seneca Mortgage Servicing, could be the beginning of the end of such a frustrating process for homeowners.