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Photo of attorneys Shelley Slafkes and Bruce Levitt
Photo of attorneys Shelley Slafkes and Bruce Levitt
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Mortgage Foreclosure Prevention in NJ

If you’re struggling financially, you might find it difficult to pay your mortgage each month. If you miss a certain number of mortgage payments, your lender might attempt a foreclosure, which means taking ownership of your home and selling it to recover the lost sums.

The good news is that, even if you are unable to make your home mortgage payments, there are a variety of proactive measures you can take to prevent a foreclosure. With over 30 years’ experience in defending clients against foreclosures, our attorneys can help you keep your home––here’s what you should know about the foreclosure process and how we can assist.

How Long Can You Not Pay Your Mortgage Before Foreclosure in NJ?

Normally, a lender can’t begin the foreclosure process against you until you’re at least 120 days late in paying your mortgage. So, this works out at roughly 4 months of missed mortgage payments before the foreclosure process can begin. The whole process can take about a year.

If you want to know how to save your home from foreclosure at any stage, don’t worry––it can be possible. Seek an attorney’s help immediately.

Can a Lawyer Stop a Foreclosure?

A lawyer can help by:

  • Checking if the lender followed due process
  • Ensuring you understand your rights
  • Working with lenders to find a more equitable solution

The moratorium on foreclosures ended in NJ in November 2021. For mortgage foreclosure help in NJ, contact our team now.

How to Avoid Foreclosure in NJ

While you should always consult an attorney, here are tips on how to save your home from foreclosure.

  1. Monitor your financial situation so you are aware of your debt levels. Ignoring this problem will not make it go away. You may have more options available to you when you respond promptly to the problem.
  2. Notify your lender when you realize you may not be able to pay your mortgage payment.
  3. Read and respond to lender notices. These letters contain valuable information that may include mortgage foreclosure prevention strategies and legal notices.
  4. Meet with an attorney to learn about your mortgage rights, foreclosure timelines and relevant laws.

Our lawyers are familiar with government programs that are designed to help homeowners remain in their homes even after their mortgage payments become too high. We work with lenders to mortgages and represent our clients in court when lenders commit violations, such as servicing violations, lender fraud and other unlawful lender violations.

Mortgage Foreclosure Prevention in NJ

Whether you need help stopping a foreclosure or reducing their interest rates, we have the skills to accomplish your goals. Arrange your free consultation online or over the phone at 973-323-2953. You can rely on us to respond promptly to your inquiries because your mortgage concerns are important.