Foreclosure Fast Facts & Resources
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 any available federal or state 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.
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| 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.
State Resources
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.
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
FRAUD ALERT |
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If you have a tip about potential waste, fraud or abuse in the Troubled Asset Relief Program, please report it to SIGTARP at the following link: https://www.sigtarp.gov/Pages/crimetips.aspx NOTE: Homeowners will NEVER be asked to pay a fee for any New Jersey Hardest Hit Fund Program. If you are asked to pay a fee, or suspect fraud or misrepresentation related to a NJ Hardest Hit Fund program or representative, you are encouraged to contact our office at 1-855-647-7700 or 609-278-7660, or via email at hardesthitnj@njhmfa.gov. You may also contact us at the following mailing address: |
