Foreclosure Help

A Checklist for Avoiding Foreclosures

1. Don’t ignore the problem.
The sooner you reach out for help, the sooner the problem can be resolved. Don’t wait!

2. Contact your lender as soon as possible.
Foreclosure can be devastating for both the lender and the borrower. Talk to your lender and try to work with them.

3. Open and respond to all mail from your lender.
Failure to open your mail does not make the problem go away. Staying informed will better equip you for reaching a resolution that best meets the needs of you and your family.

4. Know your mortgage rights.
Read your loan documents so you will know what your lender may do if you cannot make your payments. Learn about foreclosure laws and time-frames.

5. Understand foreclosure prevention options.
Valuable information about foreclosure prevention options, also called loss mitigation, can be found on the web.

6. Prioritize your spending.
Keeping your house should be at the top of your priority list. Review your finances and see where you can cut back in order to satisfy your mortgage obligation.

7. Who to Contact

NJHMFA’s Foreclosure Mediation Assistance Program – Meditation can save a home from foreclosure, yet too many homeowners enter the foreclosure process with their mortgage lender without professional guidance or an understanding of the type of relief that may be available to them.

To learn more and get a list of HUD-Certified Housing Counseling agencies, visit

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is the official administrator of the program for the State of New Jersey.

The Housing Hope Hotline 1-888-995-HOPE or  offers free, confidential help and assistance to homeowners with mortgage problems 24 hours a day/7 days a week in English and Spanish. Go to

The New Jersey Housing Counseling Agencies as listed on the following brochure: “Foreclosure Fast Facts in English” or “Foreclosure Fast Facts in Spanish” , which also includes info on heating assistance. Other good foreclosure info is found on the New Jersey Housing & Finance Agency website at . You can also search on-line under topics such as “Housing Assistance & Foreclosure Help in New Jersey”.