NJ Family Rendered ‘Squatters In Their Own Home’

BRICK, N.J. (CBS 2) — The FBI is investigating a possible scheme in New Jersey involving a company that claimed to have helped families in foreclosure, but may have been preying on them instead.

Nancy Canfield and her family were in trouble on their mortgage and were moving quickly toward foreclosure. The Canfields were then surprised by an offer from a company named JP Global that seemed too good to refuse.

“They [had] somebody that would buy our house and lease it to us for two years and then we could buy it back after we got ourselves back on track,” Nancy Canfield told CBS 2’s Alexis Christoforous.

The Canfields sold their home and didn’t receive any money, but they were able to stay in their house as renters.

jp global NJ Family Rendered Squatters In Their Own Home

Documents sent to the family from JP Global (Photo/CBS 2)

The family was a bit concerned during the closing. The Canfields said the office in which the transaction took place looked temporary — there were no phones and the agents seemed nervous.

“I felt like a pit in my stomach, like I had just been had,” Canfield said.

Still, the Canfields remained in the house and started paying rent at a rate of $2,300 a month until certified letters started arriving from the bank.

The letters revealed the new owner had taken a second mortgage on the house and then disappeared. The loan went into default and the home where the couple raised their daughter went back into foreclosure.

“They are horrible, evil people preying on poor people that can’t afford it,” Canfield said.

CBS 2 was unable to reach JP Global Monday, but the New Jersey Attorney General’s Office has filed a lawsuit accusing the company of fraud. That litigation could drag on for years.

For now, the Canfields are living in the home on borrowed time.

“They do not have title. They’re not on the mortgage. Basically they are squatters in their own home,” the Canfield’s attorney Regina Gelzer said.

The Canfields are still hoping to buy back their home and want their story to serve as a warning to others.


One Comment

  1. HO HO YOU ARE...DAN says:

    @ Dan Te..You are like a cold sore. You seem to POP-UP where you’re not wanted. Every comment you make is STUPID AND RIDICULOUS. WHAT GOES AROUND, COMES AROUND !!!! STICK YOUR HEAD WHERE IT BELONGS, MORON !

    1. DanTe says:

      Ok MORON, why don’t I see YOU go pay for it for once?

      Ever helped anyone out at all in your stinking little life? Nope. All big talk.

  2. stonyptmom says:

    When people are desperate their judgment is often clouded….they made a mistake….my prayers go out to this family…

  3. Mr. Anibal says:

    You say your 62 years has been seeing one scam after an other, I say that the Lord God will never forsake any of his people. We are safe under the shadow of his wings, “from all scams!”

  4. Alan Foos says:

    SSDD. Every day of my short life of 62 years, most of it Montana, saw the same thing, one scam after another. Everybody’s on the take.

  5. DanTe says:

    And we’re supposed to feel sorry for these idiots who constantly make the wrong decisions. And now “someone” should pay for them. Right?

    Here’s a thought:

    HO HO HO
    Out in the snOW
    You GO

Comments are closed.

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