Foreclosure Education Center

Many areas of NJ have seen an increase in the number of foreclosures.  At one point Atlantic County led all U.S. metropolitan areas in foreclosure activity rates.  Cape May, Cumberland and Ocean counties also saw increases in foreclosure activity.  I’m here to provide education to home owners facing foreclosure, giving them options and hope.

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Foreclosure Prevention Counseling

More Help for Homeowners Threatened by Potential Foreclosure

Through Legislative Action passed on January 24, 2022, the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) Foreclosure Mediation Assistance Program (FMAP) has been permanently expanded to include homeowners who may need counseling to help prevent possible foreclosure.  These services are available at no cost to the public.The FMAP was originally designed to assist those homeowners that had already been served a Foreclosure Complaint and Summons by providing mediation assistance through HUD certified housing counselors to qualified applicants of the New Jersey Judiciary’s Foreclosure Mediation Program.   FMAP now offers “up-front” or pre-foreclosure counseling assistance, to homeowners experiencing default or difficulty meeting their monthly mortgage payments.  By utilizing a network of participating housing counseling agencies serving in each county, counseling is available now and can be provided remotely.   To learn more about the New Jersey Judiciary Foreclosure Mediation Program you can visitLearn more and find a counselor at:https://www.nj.gov/dca/hmfa/consumers/foreclosure/

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NJ ERMA

If you have experienced a financial hardship and an increase in housing related expenses associated with the coronavirus pandemic that created a risk of mortgage delinquency, mortgage default, foreclosure or property tax lien, the Homeowner Assistance Fund may be able to help.

Welcome to New Jersey’s Emergency Rescue Mortgage Assistance (ERMA) Application Portal

New Jersey’s Emergency Rescue Mortgage Assistance (ERMA) program provides financial assistance for eligible homeowners who have experienced a significant decrease of income or increase of expenses due to COVID-19 and have been unable to remain current with their mortgage payments.

Applicants may receive up to $75,000 per household to cover:

• Mortgage reinstatement assistance
• Other eligible housing related costs, including:
  • Escrow shortages
  • Delinquent property taxes
  • Municipal or tax liens
  • Delinquent Homeowner Association (HOA) dues.
  • Up to four future mortgage payments, inclusive of principal, interest, taxes and homeowner’s insurance

If eligible, you could receive up to $75,000 in the form of a three-year forgivable loan, with no interest or payments due. If the property is sold, transferred, or refinanced (except for refinances for a lower rate and/or shorter term) or you do not maintain the property as your primary residence during the three (3) year term of the mortgage and note, you must repay the ERMA Program funds.

Click here for more details and application.

You can also email the ERMA team at HAFServicing@njhmfa.gov or call us at (855) 647-7700 between the hours of 8:30am and 5:30pm Monday through Friday.

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Legal Advice

I partner with an attorney that specializes in helping people who are in foreclosure keep their homes.  There are several options to help you legally keep your home.  Fill out the form below and you’ll be connected and receive a free no obligation phone consultation and be connected with current foreclosure help options.

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I’ve developed a 5 part Foreclosure Education Video Series to educate home owners facing foreclosure.  These free videos cover, short sales, mortgage modifications, deed in lieu of foreclosure and what to do when you get a notice of foreclosure.  Attorney James Schroeder, a local short sale attorney, provides expert education and insight in the foreclosure process in this series.

I’ve also prepared a free report called 10 Options For Home Owners Facing Foreclosure.  Contact me in the form below and I will mail or email the report to you.

Here are a few non profit organizations that can also help home owners keep their home.

NJ HMFA offers free Mediation Assistance Program and counseling. https://www.njhousing.gov/foreclosure/

Consumer Credit And Budgeting Counseling http://www.cc-bc.com/

Neighborhood Assistance Corporation of America http://www.naca.com

I’m here to help so call me if you have any questions and contact me below for your free report 10 Options For Home Owners Facing Foreclosure.

Best wishes,

Matthew Haviland

P.S.  Who do you know that is facing foreclosure or having trouble with their mortgage payment?  Please contact me and let me know how I can help.  609-484-9890 ext. 132