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 yoru 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

New Jersey Homekeeper Program offers up to $48,000 in forgiveable mortgage assistance to New Jersey homeowners who are at risk of losing their homes to foreclosure as direct result of unemployment or underemployment through no fault, decision or personal circumstance of their own.For more information, call 877-496-4951 or go .

The program is funded through a federal grant from the United States Treasury’s Hardest Hit Fund, awarded to states most impacted by unemployment and underemployment. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is the official administrator of the program for the State of New Jersey.

The Hope Hotline 1-888-995-HOPE 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 and also 1-800-446-7467.The New Jersey Housing Counseling Agencies as listed on this “Foreclosure Fast Facts in English” or “Foreclosure Fast Facts in Spanish” Flyer, which also includes info on heating assistance. Other good foreclosure info, as well as this flyer 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”.

The NJ Judiciary Foreclosure Mediation Program. If a foreclosure complaint has been filed against your owner-occupied property after January 1, 2008 and you meet other criteria, free legal representation, counseling and mediation may be available to you. Call toll free hotline at 1-888-989-5277. More info at This program is a partnership of The Judiciary, the Office of the Attorney General, the Housing & Mortgage Finance Agency, Legal Service of NJ, the Office of the Public Advocate and the Department of Banking and Insurance. Excerpted News Article on N.J. Foreclosure Mediation Program