Whether you have missed payments or feel that you may soon miss a payment because your mortgage is no longer affordable to you, you need to take action immediately.

• Step 1: Contact your mortgage servicer to discuss your options.
  Ask to be considered for the Federal Government's Making Home Affordable Program, or other similar programs.
• Step 2: Download the Foreclosure Fast Facts PDF (English/Spanish) to get a list of HUD-Certified NJ Housing Counseling Agencies.
• Step 3: Contact a local housing counseling agency and get NO-COST HELP. There is NEVER A FEE FOR FORECLOSURE PREVENTION HELP!
• Step 4: Together, you will find the solution that is BEST for you

Having difficulty getting assistance from your mortgage servicer? See Step 2 above.
Contact a counselor who can determine if you qualify for assistance programs, and who can recommend a course of action based on your unique facts and circumstances.

Get the Foreclosure Fast Facts PDF

For a list of HUD-Certified New Jersey Housing Counseling Agencies, download our Foreclosure Fast Facts documents by clicking on the graphics below.

Download the Foreclosure Fast Facts in English (1.5MB PDF)	Descargue el documento Generalidades Sobre Ejecuciones Hioptecarias en Español (1.5MB PDF)

Don't wait. The sooner you call a HUD-Certified Housing Counselor, the more options you'll have.

The New Jersey HomeSaver Program offers eligible homeowners up to $50,000 in financial assistance to help bring their household monthly payment to an affordable level by using HHF funds to facilitate a refinance, recast, or permanent modification of the first mortgage loan.

• Visit our main Foreclosure page for more information and apply online.

The New Jersey Judiciary Foreclosure Mediation Program (NJJFM) - The NJJFM program provides homeowners with access to court-trained mediators to resolve foreclosure actions by proposing work-out and payment arrangements between distressed borrowers and lenders.

• Visit https://njcourts.gov/courts/superior/foreclosure.html for instructions on how to file for foreclosure mediation.
• Access related Foreclosure Mediation Program forms and documents at https://njcourts.gov/selfhelp/catalog.html?category=Foreclosure&keywords=Foreclosure%20Mediation

NJ Department of Banking and Insurance: Consumer Information on Foreclosures and Subprime Lending  - Home mortgage foreclosures have increased dramatically across the nation due to the ongoing disruption of the subprime mortgage lending market. Get more information about Subprime lending at http://www.state.nj.us/dobi/division_consumers/finance/foreclose_subprime.html

Through a combination of program design, support and funding, the following federal initiatives make New Jersey’s state programs possible.

The National Foreclosure Mitigation Counseling Program (NFMC) seeks to address the nationwide foreclosure crisis by dramatically increasing the availability of housing counseling for families at risk of foreclosure. Neighborworks America in partnership with the State of New Jersey provide homeowners with FREE housing counseling services in an effort to prevent foreclosure. Housing counselors work with the homeowner and the lender, utilizing tools such as the Making Home Affordable programs as well as state programs in order to negotiate a more affordable mortgage payment. Thanks to the NFMC and Neighborworks America, homeowners can see a housing counselor at NO COST. Get a list of participating local counseling agencies on our Foreclosure Fast Facts PDF (English/Spanish) 

Making Home Affordable (MHA) provides programs to cover a variety of help in the form of modifications, refinance, principal reduction, forbearance, term extension and repayment plans.  All counselors participating in the NFMC program (described above) have been trained in MHA programs in order to determine if homeowners in counseling might qualify. For more information, visit http://www.makinghomeaffordable.gov