Foreclosure - Basic Info Guide - SouthBrunswick

MIDDLESEX COUNTY

Foreclosure - Basic Info Guide

HUD APPROVED

Foreclosure proceedings are initiated much

HOUSING COUNSELING

faster today than in the past.

A G E N C I E S O P E R AT I N G

WITHIN MIDDLESEX

COUNTY INCLUDE:

Faith Fellowship CDC

It¡¯s important that you contact your lender as soon as you

realize you have a problem. Even if you haven¡¯t missed a

mortgage payment, it is important to take action if you are

concerned you may soon fall behind. You may be eligible

732-727-9500

to refinance if you are still in good standing or modify your

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mortgage loan to make it more affordable. Ask your lender

to be considered for any available state or federal programs.

Housing Counseling

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Contact a HUD-approved housing counselor.

The U.S. Department of Housing and Urban Development

New Jersey

(HUD) certified counseling agencies offer free housing

Citizen Action

counseling nationwide. Housing counselors can help you

973-643-8800

w w w. n j c i t i z e n a c t i o n .

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understand the terms of your loan, the law and your options,

and assist in organizing your finances and negotiating with

your lender.

Puerto Rican

Action Board

732-249-9700



Open and respond to all mail from your lender.

The first notice you receive will include information about

foreclosure prevention options that may be able to assist

you. Later mail may include important notice of pending legal

Yo u c a n s e a r c h f o r a

action. Your failure to open the mail will not be an excuse in

certified counselor

foreclosure court.

using HUD¡¯s Find A

Housing Counselor¡±

tool: hudexchange.

Know your mortgage rights.

info/programs/

Find your loan documents and read them so you know

housing-counseling/

what your lender may do if you can¡¯t make your payments.

Information about the Foreclosure process in the State of

New Jersey and helpful links can be found at the court¡¯s

Office of Foreclosure website:

.

html?lang=eng

MIDDLESEX COUNTY

Foreclosure - Basic Info Guide

RESOURCES

NJHMFA Foreclosure Mediation Assistance Program.

NJ Housing &

Mortgage Finance

Agency: 609-278-7400



foreclosure/index.shtml

The NJ Housing and Mortgage Finance Agency (HMFA) offers

NJ Judiciary

Foreclosure Mediation

Program: 609-421-6100

j u d i c i a r y. s t a t e . n j . u s /

The Hope Hotline:

888-995-HOPE

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Legal Services of NJ:

888-576-5529

Consumer Financial

Protection Bureau (CFPB):

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a Foreclosure Mediation Assistance Program:

To qual i f y f or me di at i on:

T h e property m ust be the subj ec t of an ac ti ve

r e s i denti al m ortgage forec l osure ac ti on.

M e di ati on m ust be requested wi thi n 60 days after

s e rvi ce of the forec l osure sum m ons and c om pl ai nt

u n l ess a c ourt order i s entered di rec ti ng the parti es

t o m edi ati on.

T h e hom eowner m ust be l i vi ng i n the property that

i s i n forec l osure and al l borrowers l i sted on the note

m u st agree to parti c i pate i n m edi ati on.

T h e hom eowner wi l l not qual i fy i f they are

i n bank ruptc y.

Be cautious of foreclosure prevention companies.

U.S. Department of

Housing & Urban

Development (HUD)

Newark Field Office:

973-622-7900

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You don¡¯t need to pay fees for foreclosure prevention

NJ Division of Consumer

Affairs: 800-242-5846

charge you a hefty fee (often two or three month¡¯s mortgage

NJ Housing

Resource Center:

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HUD-app roved housing counselor will provide free if you

NJ Homelessness

Prevention Program:

866-889-6270

NJ Department of Banking

& Insurance (Newark

Consumer Center):

973-648-4713

help ¨C use that money to pay the mortgage instead. Many

for-profit companies will contact you promising to negotiate

with your lender. While these may be legitimate businesses

and can sometimes help delay a foreclosure, they will

payment) for information and services your lender or a

contact them.

For a list of approved credit counseling agencies

that provide bankruptcy counseling, visit:

just ust/eo/bapcpa/ccde/cc_approved.htm

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