The people of New Jersey work hard to support their families and achieve the American dream. Home ownership is a crucial part of that dream. Owning a home can provide a family with a sense of financial security, community and responsibility. But through the economic downturn over the past six years, thousands of people have lost their homes to foreclosure.
Sports fans and investors alike look forward to riding the ups and downs of the season with their favorite team year after year. Unfortunately, some New Jersey season ticket holders and charitable organizations have been recently deprived of that opportunity-- and have been trying to get a refund since.
In today’s economy, with high unemployment rates and other financial challenges, it is not unusual to fall behind on bill payments. In such cases, debt collectors will be calling, but they are only allowed to use limited means to collect a debt. If they go beyond these limits, they may be in violation of federal law.
Although nearly everyone has probably heard something about the high rate of foreclosures across the nation in recent years, New Jersey residents will be sad to hear that their state now sits atop the list of states with the highest rates of foreclosure in the nation. Foreclosure is an unfortunate end to the home owning process for some people, and this story has many important implications for homebuyers and owners alike.