Legal Question in Real Estate Law in New Jersey

Re: mortgage foreclosor

That may be a defense to a foreclosure action.

Rather than wait to that point, if your loan is not yet subject to court foreclosure action, try to negotiate with the mortgage company for a loan modification, making the terms more affordable for you.

Some mortgage companies will agree, others will not.

If your mortgage company has already sued to foreclose, you may be able to take advantage of a mediation plan that has been set up for NJ. I'm not sure that lawguru permits posting links, but here is one [type it in your browser's address window without the spaces - you may want to copy it into Notepad or another word processing program and remove the spaces first, then paste it into the address window]:

http:// www.google.com/ url?sa=t&source=web&ct=res& cd=1&url=http%3A%2F %2Fwww.nj.gov%2Foag%2Fnewsreleases09%2Fpr20090109a.html&ei=q1itScGXLYqhtwfgxaGGBg& usg=AFQjCNF2qDY5CaSWv9M-juIG-f2H61Z53w&sig2=CqbSUWplpEO1jjamilYfqw

If this doesn't work google the following words:

nj mortgage foreclosure mediation