- Jurisdiction
- New Jersey
Hey, first off I would like to thank anyone for helping me out. I cannot afford a lawyer at this point so I am trying to resolve this matter before it reaches the courts. Even though I know that's not what debt collection lawyers want.
Anyway, I own a commercial property, and while switching banks I did not successfully set up automatic payment system and did not follow up with that. I am on paperless billing so I found out that information from a court order that I received from a debt collection lawyer firm. When I got the first notice in the mail, I called the bank and asked what the situation was, and they told me to make a payment of $____. I went in and made that payment, but that amount was returned to me a week or two later. Then I was handed a subpoena. I attempted to call the Bank's customer service and they are willing to resume the loan as per agreement, however the court order still stands.
I tried to reach out to the lawyer and he provided me with little to no information about the case and what the issues are. He mentioned that the taxes on the property weren't paid fully. I'm not sure if he meant property taxes or any other balance, so I looked up the remaining balance on my property, and it was paid in full. I emailed him with proof of that payment and also mentioned that I'm not sure what payment he was referring to, but the taxes are paid.
I wanted to know what I can do to resolve this matter without going to court. What my fees are compared to getting a affordable attorney, or attempt to get a public defender. The bank mentioned that once case goes to debt collection, we would have to deal with them and come to terms with them to reinstate the loan. Any information regarding this issue would be greatly appreciated, Thanks again in advance.
I own a commercial property, with a commercial loan, where I need to make the full loan to avoid court matters regarding a foreclosure. That property is residential as well, however the current loan has it listed as a loan to a commercial non-residential loan. This was included as a count in the court order I've received for missed mortgage payments / tax certificates against that property.
I am willing to refinance my home (which is fully paid for), in order to pay that commercial loan off however don't know what lender to refinance with. But because of my credit, finding another commercial loan on that property is not likely. (600) I've heard there was a government program that was stopped two years ago, but the practices still continue? HARP / FAS or FSA not sure what it is called, I might have miss heard over the phone. But a lawyer mentioned that there is a program that we could use to refinance the home.
What is the best type of loan I should pursue with high chances of getting it? A quick time frame due to resolving this legal matter as soon as possible? The pro's and con of fighting to keep my current loan or looking for another? The major difference between the commercial loan vs a refinanced home?
Anyway, I own a commercial property, and while switching banks I did not successfully set up automatic payment system and did not follow up with that. I am on paperless billing so I found out that information from a court order that I received from a debt collection lawyer firm. When I got the first notice in the mail, I called the bank and asked what the situation was, and they told me to make a payment of $____. I went in and made that payment, but that amount was returned to me a week or two later. Then I was handed a subpoena. I attempted to call the Bank's customer service and they are willing to resume the loan as per agreement, however the court order still stands.
I tried to reach out to the lawyer and he provided me with little to no information about the case and what the issues are. He mentioned that the taxes on the property weren't paid fully. I'm not sure if he meant property taxes or any other balance, so I looked up the remaining balance on my property, and it was paid in full. I emailed him with proof of that payment and also mentioned that I'm not sure what payment he was referring to, but the taxes are paid.
I wanted to know what I can do to resolve this matter without going to court. What my fees are compared to getting a affordable attorney, or attempt to get a public defender. The bank mentioned that once case goes to debt collection, we would have to deal with them and come to terms with them to reinstate the loan. Any information regarding this issue would be greatly appreciated, Thanks again in advance.
I own a commercial property, with a commercial loan, where I need to make the full loan to avoid court matters regarding a foreclosure. That property is residential as well, however the current loan has it listed as a loan to a commercial non-residential loan. This was included as a count in the court order I've received for missed mortgage payments / tax certificates against that property.
I am willing to refinance my home (which is fully paid for), in order to pay that commercial loan off however don't know what lender to refinance with. But because of my credit, finding another commercial loan on that property is not likely. (600) I've heard there was a government program that was stopped two years ago, but the practices still continue? HARP / FAS or FSA not sure what it is called, I might have miss heard over the phone. But a lawyer mentioned that there is a program that we could use to refinance the home.
What is the best type of loan I should pursue with high chances of getting it? A quick time frame due to resolving this legal matter as soon as possible? The pro's and con of fighting to keep my current loan or looking for another? The major difference between the commercial loan vs a refinanced home?