BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM
Say your lender serves you with foreclosure papers. Can you be thrown out on the street immediately?
No way. Depending on the circumstances you may be able to stay in your home for months, or possibly permanently.
Here's the story.
If you actively resist the foreclosure proceedings you might not be forced out for months, even though you make no mortgage payments and pay no rent. And if you can get your mortgage modified to reduce the amount of your mortgage payments to a level you can afford, you can stay in your home permanently.
FaIrfield-based Manhattan Maintenance Co., an office building janitorial service business, Monday closed a $600,000 loan with Provident Bank to meet working capital and refinancing needs.
