New Jersey’s moratorium on home foreclosures ends on Monday, November 15, 2021, for all income levels. This includes landlords facing foreclosure who currently have tenants.
The New Jersey Judiciary is offering foreclosure mediation to those homeowners who are behind in their mortgage and are at risk of foreclosure. Foreclosure mediation is a process in which a mediator assists the lender and homeowner to identify possible options to address the missed payments. Housing Counselors are available through the mediation process to work with the homeowner to explain the process and the documents needed to identify solutions. Mediation and the housing counselor assistance are available at NO COST to the homeowner. Interested homeowners can contact the Superior Court Clerk’s Office at (609) 421-6100 or visit Office of Foreclosure for more information.
In addition, the New Jersey Housing and Mortgage Finance Agency offers homeowners free counseling through its Foreclosure Mediation Assistance Program (FMAP). Counseling is free, available now, and can be provided remotely. Counselors will provide assistance to help homeowners avoid potential foreclosure.
For a list of housing counselors participating in FMAP, see here or seek help by calling 1-800-NJ-HOUSE.
Learn more here.
