Toms River, NJ asked in Foreclosure for New Jersey

Q: On a affidavit of consideration for use by seller and deed, does it also transfer the ownership and mortgage?

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1 Lawyer Answer

A: No it does not. You cannot transfer a mortgage. You really need to retain an experienced mortgage foreclosure defense attorney, because if you don't know what you are doing, you will trigger the mortgages due on sale clause. Do not let geographic restrictions get in the way of retaining the best attorney. Pick the best attorney you can find and remember one rule: a good attorney is generally never cheap, and a cheap attorney is generally never good so don't choose based on price.

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