There are several circumstances that could lead to financial challenges for residents in New Jersey. While some of these financial problems can be timely addressed, some have the tendency to snowball out of control. Whether it is due to medical bills, unemployment or other financial issues, homeowners might find it difficult to make their mortgage payment. Additionally, homeowners might also be dealing with a problematic mortgage loan. These situations could cause the homeowner to deal with the unfortunate reality of losing their home to foreclosure.
Because it is often desirable to keep and maintain ownership of a home, some individuals will seek to stop foreclosure. Whether a homeowner seeks to go through foreclosure litigation, negotiate with a mortgage lender for a loan modification, sell the home in a short sale or file for a Chapter 13 bankruptcy, our law firm has helped clients navigate all these actions.