Free Notice - Foreclosure Mediation Available - New Jersey

IT MAY BE POSSIBLE TO SAVE YOUR HOME FREE COUNSELING - FREE FORECLOSURE MEDIATION IS AVAILABLE But, you must take action NOW! HELP IS JUST A PHONE CALL AWAY 1-888-989-5277
You have been served with a foreclosure complaint that could cause you to lose your home. The New Jersey Judiciary has set up a Foreclosure Mediation Program to assist certain homeowners. This program is available to all qualifying homeowners whether or not they file an answer to the foreclosure complaint. Foreclosure mediation is a process where a neutral mediator assists lenders and borrowers in trying to reach a voluntary and mutual agreement to resolve a loan delinquency. Foreclosure mediation will take place in county courthouses with trained mediators. You can take advantage of the FREE mediation program and FREE housing counselor if you meet all of the following eligibility conditions: · You are an owner-occupant of a one- to three- family residential property. · The property is your primary residence. · You are the borrower and your mortgage loan is being foreclosed.

To Participate in Foreclosure Mediation:
· Complete and return an original and two copies of (1) the Foreclosure Mediation Financial Worksheet; (2) all required attachments and (3) the Mediation Recommendation Statement or Mediation Request Statement to the Administrative Office of the Courts.

To Get Housing Counselor Help You Must:
· Call the toll-free telephone number at the top of this notice and ask for the name of a housing counselor in your area certified by the Department of Housing & Urban Development (HUD) or visit the New Jersey Housing and Mortgage Finance Agency (NJHMFA) website http://www.state.nj.us/dca/hmfa/foreclosureprevention_resources.pdf. Make an appointment to meet with the HUD/NJMFA-certified housing counselor who will discuss your financial situation, help you fill out the attached Foreclosure Mediation Financial Worksheet, offer potential options and help you apply for court-sponsored foreclosure mediation.

·

CAUTION
Applying for foreclosure mediation will not stop your lender from moving forward with its foreclosure action. If you dispute your lender's claims, you should consult a New Jersey licensed attorney and/or file an answer that conforms to the New Jersey Court Rules. After a foreclosure judgment has been entered, if you apply and meet the conditions for foreclosure mediation, the court may stay the sheriff's sale until after you have had an opportunity to have a mediation conference. If your home is scheduled for a sheriff's sale, you will need to file a motion asking the court to stay the sheriff's sale. A sample motion to stay the sheriff's sale is on the Judiciary's Web site at: njcourts.com/civil/forms/11277_fm_nom_sheriffstay_salepacket.pdf

Revised 6/22/2009, CN: 11284-English