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Understanding Your Mortgage
Written By William Paige, Foreclosure Specialist at The Waterfront Project Have you ever looked at your mortgage statement and wondered, “Why did my monthly payment increase?” First let’s break down what a mortgage is made of. Your total monthly mortgage payment is commonly referred to as PITI: Principal: Pays down your loan balance. Interest: The…
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Black History Month and homeownership
Black History Month and Homeownership Written by Maria Mascola, HUD Certified Foreclosure Specialist at The Waterfront Project During Black History Month, we honor and celebrate the many generations of Black Americans who have helped shaped our nation and we reflect on the triumphs and challenges they have faced through U.S. history. The work still needs to be…
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Foreclosure Prevention Success Story
Foreclosure Prevention Success Story Written by Patricia Ellams, HUD Certified Foreclosure Specialist at The Waterfront Project A homeowner suddenly lost her husband, leaving her a widowed mother of three children and the primary caregiver for her 94-year-old veteran father. Her late husband had been the sole borrower on the mortgage and the only individual listed…
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Before You Buy: Understanding Homeowners Association (HOA) Fees
Before You Buy: Understanding Homeowners’ Association (HOA) Fees Written By William Paige, Certified Foreclosure Specialist at The Waterfront Project Before purchasing a home with Homeowners Association (HOA) dues, it is critical to understand both the benefits and the potential financial risks. HOAs are common in condominiums, co-ops, townhouses, and planned communities, and membership is mandatory…
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WFP Foreclosure Team Addresses the Government Shutdown & Provides Resources
WFP Foreclosure Team Addresses the Government Shutdown & Provides Resources Written By the WFP Foreclosure Team A government shutdown may start in Congress, but its real impact is felt at the closing table—and in the lives of everyday Americans. Homebuyers face stalled loans and canceled closings, while current homeowners deal with delayed services and added…
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What is a “Zombie” Second Mortgage?
What is a “Zombie” Second Mortgage? By Patricia Ellams, Foreclosure Specialist at The Waterfront Project Zombie Mortgage Loan foreclosures are on the rise in New Jersey. If you’ve recently discovered along-forgotten second mortgage or Home Equity Line of Credit coming back to haunt you, it’s important to understand your rights. Can I Lose My Home…
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Protecting Tenants and Homeowners in 1–4 Family Owner-Occupied Properties Facing Foreclosure
Protecting Tenants and Homeowners in 1-4 Family Owner Occupied Properties Facing Foreclosure Written by William “Bill” Paige, Foreclosure Specialist- HUD Certified Housing Counselor The foreclosure process in New Jersey is complex, often misunderstood, and has far-reaching implications—not only for homeowners but also for renters residing in small, owner-occupied properties. At The Waterfront Project, Inc., our HUD-certified…
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Happy Homeownership Month! – June 2025
Happy Homeownership Month – June 2025 By Maria Mascola, WFP HUD-Certified Housing Counselor and Foreclosure Specialist Here at The Waterfront Project (WFP), we believe that Housing is a Human Right! With June being Homeownership Month, we want to remind you that The WFP is here to assist you through this process. Reach out to one of our HUD-Certified Housing Counselors to help navigate your best options at reaching this fundamental human right. Every family deserves the opportunity to…
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Support for Veterans Facing Foreclosure
Support for Veterans Facing Foreclosure By Willaim “Bill” Paige When a veteran purchases a home using a VA-guaranteed home loan, the loan is typically transferred to a mortgage servicer after closing. This servicer manages the loan, including receiving monthly payments and providing assistance if issues arise. If the veteran experiences difficulty making payments and the…
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Protecting Seniors from Foreclosure
Protecting Seniors from Foreclosure By Patricia Ellams While many Seniors enjoy the financial freedom of owning their homes outright or possessing substantial equity, they often find themselves caught in a precarious balancing act. Their fixed incomes become tightropes they must walk daily, with unexpected financial storms, costly home repairs, skyrocketing property taxes, and mounting utility…
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