FORECLOSURE MEDIATION IS AVAILABLE IN NJ
Let our expertise help you get the most out of mediation
New Jersey's Foreclosure Mediation Program is offered by the New Jersey Judiciary to provide an opportunity to homeowners to work out a loan modification with their bank or mortgage servicer
The program was recently brought back thanks to bill A4997 known as the "Mortgage Servicers Licensing Act" which was signed into law by Governor Murphy on April 29, 2019
The program has historically been very effective in helping streamline the loan modification process and in resolving modification denials which were based on erroneous decisions. We have personally worked with homeowners who were denied for modifications multiple times until they got into the mediation
program which resulted in a modification offer
New Jersey's Foreclosure Mediation Program is a valuable tool - but you must initiate mediation within 60 days of receiving a foreclosure complaint.
If you have recently received a foreclosure notice or have been threatened with foreclosure, it is important to assess your options, including whether participation in mediation would benefit your situation. Our extensive experience in mediation can help you get the best possible result. Like many prior success stories, you too can finally get an affordable loan modification!