Can I transfer my home to a friend or family member to avoid foreclosure?

No. The lender has a contract with you that imposes obligations on you and gives the lender an interest in your property. If the mortgage is not paid and the lender takes all the necessary steps to foreclose, transferring the property to someone else will not stop a foreclosure. If you end up seeking a NJ bankruptcy lawyer’s help, this property transfer could actually make it more difficult, if not impossible, for you to have a successful bankruptcy.