Mediation is playing a growing role in helping homeowners and lenders affected by the recent crisis. Below are some resources concerning foreclosure mediation in NJ:
New Jersey Courts On-line Resources:
Other NJ Resources:
Attorney General Press Release: "Statewide Mortgage Foreclosure Mediation Program Launched - Initiative aimed at helping thousands of homeowners facing foreclosure"
Governor's Press Release: "Statewide Mortgage Foreclosure Mediation Program Launched"
Other government resources:
Home Affordabale Modification Program (HAMP) "The Obama Plan"
NJ JUDICIARY FORECLOSURE MEDIATION PROGRAM LEGAL REPRESENTATION
HMFA (New Jersey Housing and Mortgage Finance Agency) has contracted with attorneys to provide legal services to eligible homeowners who participate in the NJ Judiciary Foreclosure Mediation Program. The state has been divided into four regions with each region being served by one firm as follows:
Region 1 (Hudson, Union & Essex) Love and Long, LLP, Lisa Love, Esq., 108 Washington St., Newark, NJ 07102, Tel: (973) 643-4333
Region 2 (Hunterdon, Morris, Passaic, Bergen, Somerset, Sussex & Warren) Aresneault, Whipple, Farmer, Fassett & Azzarello, LLP, Jack Arseneault, Esq., 560 Main St., Chatham, NJ 07928, Tel: (973) 635-3366
Region 3 (Middlesex, Mercer, Monmouth & Burlington, Marks S. Cherry, P.C., Mark S. Cherry, Esq., P.O. Box 187, 105 Farnsworth Ave., Bordentown, NJ 08505, Tel: (609) 291-8801
Region 4 (Ocean, Atlantic, Camden, Cape May, Cumberland, Gloucester & Salem), Ragland & Martin, LLC, David Martin, Steven Ragland, Liberty View Building, 457 Haddonfield Rd., Suite 120, Cherry Hill, NJ 08002, Tel: (856) 414-9015
NJ Judiciary Foreclosure Mediation Program legal representation shall include the following legal services:
1. A personal meeting between the client and assigned attorney in the client's home county;
2. Review by the attorney of the client's Foreclosure Mediation and Financial Worksheet and all supporting documentation;
3. Review by the attorney of any other financial or otherwise relevant documents, including, but not limited to, the mortgage and note being foreclosed upon;
4. Review by the attorney of the housing counselor's proposed work-out for that client;
5. Attorney representation of the client prior to and at the mediation session, if a mediation session occurs, to work out new mortgage terms or other agreements with the lender acceptable to the client.
At this time, only income eligible homeowners will be entitled to free legal represention. Income limits are as follows:
1 person household - up to $50,000
2 or more person household - up to $100,000
Questions can be directed to Claudia Lovas at 609-278-7445 or Bob Huether at 609-278-8838