judge-01Judge Finds Mortgage Modification Agreement a Valid Contract

 

This is a njlawjournal.com article.

 

A homeowner raised a valid claim for breach of contract when a mortgage holder failed to grant a mortgage modification after the homeowner fulfilled requirements of a trial modification agreement, a New Jersey federal judge has ruled.

A motion to dismiss the homeowner’s breach of contract claim was denied after U.S. District Judge Freda Wolfson of the District of New Jersey found the elements of breach of contract were fulfilled by the plaintiff’s successful completion of the trial modification agreement and the defendants’ subsequent refusal to modify terms of the mortgage.

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