There are many options to save your home from a foreclosure sale:
Home Affordable Modification Program (President Obama’s special program)
Foreclosure mediation (State of NJ special program)
Mortgage modification (direct negotiation with your mortgage company)
Chapter 13 Wage Earner’s Plan (one form of Federal Bankruptcy designed to permit you to keep your home)
You may be able to take advantage of a special provision found only in chapter 13 bankruptcy law that may permit you to totally eliminate any second mortgage or home equity loan on your house as well as to eliminate all of your credit card debt. The elimination of these debts may make it easier for you to keep your house. Ask me about it now.
LITIGATION while in bankruptcy.
We carefully and aggressively pursue claims against your mortgage
company and others for wrongdoing when the loan was made to you.
Were loan charges inflated?
Was your interest rate increased so the loan broker could earn more money?
Did the lender incorrectly state your income?
Was the monthly payment higher than you could afford, BUT, the lender told you it would give you a new cheaper loan in 6 months?
Did the lender make an illegal charge?
Bring your loan documents to our meeting and we will review them
and advise you whether it appears that the loan was made ILLEGALLY. If
it was, we will discuss with you making a claim against the lender.
If you wish to give up your house and be free from all of your debts, then chapter 7 is for you. Have a fresh start.
you have a business that requires reorganization to reduce or eliminate
creditors and to make arrangements to continue operating while
protected by federal bankruptcy law, then chapter 11 will work for you.
Strengthen your business by eliminating debt and reorganizing.
The New Jersey Courts recently have set up a Foreclosure Mediation Program to assist certain homeowners. THE PROGRAM WILL EVEN STOP A SHERIFF’S SALE.
In order to stop the Sheriff’s Sale a special court application is required.
is NOT successful in every case. You must complete financial forms and
other required forms and provide much personal financial information
including pay stubs and tax returns. You must attend a meeting with the
lawyer for the mortgage company and a mediator.
I believe that you should NOT do this yourself.
You must have an overall plan and know all of your options. You should
have a skilled professional complete the forms and be at your side
negotiating for you.
I will file the application to stop the
Sheriff’s Sale. I will prepare and file all mediation documents for you
and I will appear with you at the mediation to fight for your home.
Saving your home is worth your effort in being properly represented.
I wish you and your family success in this difficult challenge.
NEW FEDERAL LAW
Home affordable modification program. (not everyone will qualify)
If your loan is owned or guaranteed by Fannie Mae or Freedie Mac
Reduce payments on your first mortgage to fit your income. (Low as 31% of gross income). Possibly eliminate second mortgages.
will negotiate and process the modification for you with your lender.
If for any reason you do not qualify, we can still protect you by the
filing of a chapter 13 bankruptcy. No additional fees will be required
to be paid in advance of filing a chapter 13 if the modification fails.
us with basic information and we will put it all together for you, and
still protect you from the foreclosure even if the modification should
fail or not be to your liking.
This is a new program and there will be long delays in modification processing by your mortgage company – so get started today.