Foreclosure Mediation

NJ Foreclosure Mediation Attorneys

Our New Jersey foreclosure practice includes representing homeowners in court ordered mediation supervised  by the Superior Court of New Jersey, Chancery Division.  Foreclosure mediation is an opportunity for qualified homeowners who are facing foreclosure to receive help from housing counselors, attorneys, and a neutral mediator to resolve a loan delinquency.

The program aims to assist homeowners avoid foreclosure by proposing work-out and payment arrangements that balance the interests of the borrower and lender.  The lender will have an attorney representing its interests.  As a homeowner you should have an attorney promoting your rights.

Foreclosure mediation is available to homeowners who have filed an answer and are contesting the foreclosure as well as to homeowners who fail to make a formal appearance and whose cases are uncontested.  Foreclosure mediation may be requested up to 60 days after the service of the summons and complaint. Thereafter, homeowners will only be allowed into the program by a judge after a motion on notice demonstrating exceptional circumstances exist.

An individual homeowner-borrower can participate in the Court’s free foreclosure mediation program if the following eligibility conditions are met:

• the property is an owner-occupied one- to three- family residential property
• the property is the homeowner-borrower’s primary residence
• the homeowner-borrower is the borrower on the mortgage loan being foreclosed

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