Rumson is an affluent community Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 7,137. Rumson was formed as a borough by an Act of the New Jersey Legislature on March 15, 1907, from portions of Shrewsbury Township, based on the results of a referendum held on June 18, 1907.
Foreclosure Law Lawyers In Rumson New Jersey
What is foreclosure law?
Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.