Robert Saltzman, Esq.Pluese, Becker & Saltzman, LLC, Mt. Laurel
It is no secret that homeowners across the country are struggling to make ends meet and, unfortunately, probably will for the foreseeable future. Executive orders limiting indoor gatherings and other measures meant to prevent the spread of the Coronavirus have led to the demise of many businesses and, as a result, the loss of employment and livelihood for many of New Jersey’s residents. Additional drivers of financial stress like unexpected illness and hardship after the death of the mortgagor mean that thousands of New Jersey residents are facing the threat of home foreclosure. COVID-19 has hit all industries indiscriminately including the housing market which some estimate could see a 70% increase in mortgage defaults and foreclosures over the next two years.
The judiciary, plaintiffs, and borrowers must now prepare to respond to this anticipated spike in mortgage foreclosures. Join us as an expert panel of authorities unpack the issues from all perspectives and share recommendations for seasoned and new attorneys and judges alike.
This CLE seminar will include a comprehensive overview of moratorium and stays, case law in New Jersey and neighboring states, and the best approaches to resolving residential mortgage foreclosure actions as expeditiously as possible.
4.5 professional practice credits
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