Specialized Loan Servicing (SLS) Foreclosure Defense in New Jersey

If your papers still say SLS

Foreclosure cases that began before the change may still show Specialized Loan Servicing in the complaint, in certifications, or in older notices. Today your loss mitigation application, your payments, and any written Notice of Error go to Shellpoint. In a pending case, David confirms the current servicer and the current plaintiff so that nothing is sent to the wrong place.

A servicing transfer does not change your loan terms, and the new servicer must honor a modification or trial plan that was already in place. It is also the point where payment histories, escrow balances, and pending applications should be checked. Federal rules let you request the servicing file, including the records that came over from SLS, and require the servicer to investigate and correct errors.

How David handles a Shellpoint foreclosure

Every Shellpoint case starts the same way: a complete review of your loan history, every notice you received, and the servicing file we request under federal rules. That review often turns up misapplied payments, fee errors, or a defective Notice of Intention to Foreclose, and each one is leverage.

From there David opens the loss mitigation process with a complete application, requests the court's Foreclosure Mediation Program if you are an owner-occupant within 60 days of service, and files the answer and any adjournments so the sheriff's sale clock stops running while Shellpoint reviews your options. If Shellpoint violates servicing rules during that review, David raises it with the court.

Your rights with any mortgage servicer

Federal servicing rules under RESPA (12 C.F.R. Part 1024) apply to every servicer named on this site:

• A servicer generally cannot make the first foreclosure filing until you are more than 120 days delinquent.
• It must acknowledge a loss mitigation application within 5 business days and tell you what is missing.
• It may not move for judgment or conduct a sale while a complete application received more than 37 days before the sale is under review ("dual tracking").
• You can send a written Notice of Error or Request for Information and the servicer must respond, generally within 30 business days.
• In New Jersey, the Fair Foreclosure Act adds a 30-day Notice of Intention to Foreclose before suit and a right to cure up to final judgment.