The New Jersey Order Respecting Request For Extension Or Early Termination of Loss Mitigation Period is a legal document issued by a court of the state of New Jersey. This order allows a lender to request a court-ordered extension or early termination of the loss mitigation period. This period is the time period in which a lender is required to provide certain remedies or other relief to a borrower who has defaulted or is in imminent danger of defaulting on their mortgage loan. The order also applies to those in foreclosure. There are two types of New Jersey Order Respecting Request For Extension Or Early Termination of Loss Mitigation Period. The first type is for an extension of the loss mitigation period. This allows a lender to ask a court to extend the time period in which a borrower can take advantage of certain remedies or other relief provided by the lender. The second type is for an early termination of the loss mitigation period. This allows a lender to request a court to terminate the loss mitigation period prior to the expiration of the original period.
New Jersey Order Respecting Request For Extension Or Early Termination of Loss Mitigation Period
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