Believe it or not, your lender does not want to take your home away from you. They would much prefer that you keep paying your monthly payment. If you risk losing your home to foreclosure but wish to keep your home, there are many things we can do to make that happen! While acting as your foreclosure defense team, we will negotiate with your lender to:

• Lower the principal amount of your loan. Let’s say your original principal due was $400,000. Your attorney may be able to negotiate that down to $350,000 or even lower. Your lender will be willing to take a slight loss rather than have you stop making payments altogether.
• Lower the interest rate on your loan. Maybe your original mortgage was negotiated with a really high interest rate (let’s say 9%). Lowering that rate to 6% or below will significantly reduce the interest you’ll be paying over the life of the loan.
• Wipe clean any late charges. Penalties and fees for missing mortgage payments can add up QUICKLY. You may have thousands of dollars due in late fees alone. Part of your foreclosure defense will involve attempting to wipe those amounts clean so that you don’t have to dig yourself out of a hole to get back to the starting line.
• Lengthen the life of your loan. If you had a 20- or 30-year mortgage, extending that by several years will stretch out the payments so that your monthly amount due will be much lower.

If you fail to stay current on your mortgage payments, your bank or lender can take possession of your property via the foreclosure process.

After failing to make three mortgage payments, your bank or lender can send you a Notice of Intention to Foreclose. They are required to send you this notice at least 30 days before filing a formal complaint.

They are filed with the New Jersey Superior Court in Trenton, New Jersey.

It is possible if you obtain legal assistance as soon as you receive the complaint. Ideally, you should retain the services of an experienced foreclosure defense attorney when you receive the notice of intention because after you receive the complaint, you have only 35 days to generate an answer. You also only have 60 days to request foreclosure mediation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.