A lifeline after foreclosure Washington Post In order to be eligible for a D4L, or Deed for Lease, you must go through a DIL, short for a deed in lieu of foreclosure. …
In the third quarter of 2008, more than 700000 Americans faced foreclosure — a new and troubling record. While mortgage giants Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9, the moratorium is likely to affect only a small percentage of homeowners. On a cold December morning, ANP witnessed an increasingly common, but rarely documented, tragedy: someone being evicted from his home….
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The New Jersey Judiciary, along with other governmental and service agencies were concerned by the growing number of families at risk of losing their homes. Together they created the Foreclosure Mediation Program. The program is designed to help homeowners and lenders rework mortgages so that homeowners could have a better chance of making payments and staying in their homes.