Unforeseen financial trauma, such as insurmountable medical bills or a job loss, can throw you into a tailspin of stress, worrying about how you will pay your monthly bills, including your mortgage. After all, you worked hard to meet the requirements to purchase the home you love, and there must be safeguards so that it doesn’t slip away from you.
The New Jersey courts oversee the state’s Mortgage Foreclosure Mediation Program (NJFMP) that recognizes the importance of owning your home and encourages lenders and debtors to work together and modify terms if a borrower is facing foreclosure. Although a Chapter 13 bankruptcy is a credible way to save your home, before you file, contact our foreclosure defense attorneys and schedule a case evaluation to learn if we can help you maneuver the foreclosure mediation program in Madison, NJ.
Although the attorneys at Gillman and Capone do not mediate your case if you are in foreclosure, we advocate for you by building a solid case to present to the mediator and persuade them to circumvent bankruptcy and salvage your home ownership. If you are considerably late in paying your mortgage, or your lender is threatening to foreclose, the attorneys at Gillman Capone understand the stress you are under, particularly if you have been injured or become ill and cannot work temporarily.
If you have received a foreclosure notice from your lender, you have 60 days to request modification and try to modify your mortgage agreement. Because this time is so stressful for you, our attorneys can handle this request and represent you with diligent advocacy. We know you worked hard to acquire your home, and we work hard to ensure you keep it. Call to discuss foreclosure mediation solutions in Madison, NJ.
Before our Madison attorneys can mediate your foreclosure case and involve you in the state program, there are certain actions you should be aware of, including:
If you are struggling with financial accountability, banks and other institutions that are holding paper on your mortgage or other debts don’t want to protect your interests but are fighting to squeeze money out of you. The attorneys at Gillman and Capone know how to negotiate and resolve mortgages in arrears issues and can help you navigate the foreclosure mediation process.
If we determine that you will benefit from a mediation program, we will complete a Mediation Request Statement, replete with relevant information and attached to a copy of the court order authorizing foreclosure mediation. Once the court grants it, we help you maneuver through the Foreclosure Mediation Checklist and financial worksheet. After that, we will provide any supplemental documents and represent you during mediation.
Whether the best program during a foreclosure mediation is a modification of your mortgage, short sale, second mortgage, or deed in lieu of foreclosure, we are invested in protecting your future and advocating what is best for your family.
New Jersey provides a state-approved foreclosure mediation program that, if successfully navigated, allows you to keep your home if you are facing bankruptcy. The experienced bankruptcy attorneys at Gillman Capone have been advocating for families like yours for more than 25 years, and we are well-versed in foreclosure mediation programs in Madison, NJ. If they benefit you, we can discuss why in your case evaluation.
Gillman Capone Law Group
N/a
