Foreclosure Mediation Program
The Office of the Courts Foreclosure Mediation Program provides homeowners with access to housing counselors and court trained mediators to resolve foreclosure actions by proposing work-out and payment arrangements between distressed borrowers and lenders. The program will also provide lawyers to income-eligible homeowners.
This program is a partnership of The Judiciary, the Office of the Attorney General, the Housing & Mortgage Finance Agency, Legal Services of New Jersey, the Office of the Public Advocate and, the Department of Banking.
If the hotline is busy due to heavy call volume, visit www.lsnjlaw.org/foreclosure and complete the online form. Someone will get back to you as soon as they can. All submissions are responded to in the order they are received.
Call Toll Free: 1-888-989-5277. The Foreclosure Mediation Hotline is open from 8 a.m. to 6 p.m. Monday through Friday.
Home Ownership Preservation Refinance Program (HPRP)
New Jersey Housing and Mortgage Finance Agency HPRP provides an affordable financing alternative to borrowers whose current mortgage is no longer suitable for their financial situation as well as closing cost assistance and homeownership counseling. HPRP is a 30- or 40-year loan, refinanced through a state-approved lender, with a fixed rate of 8 percent for a 30-year loan and 8.125 percent for a 40-year loan. The loan can be equal to 100 percent of the appraised value of the home or 103 percent of the appraised value if private mortgage insurance is included in the mortgage loan.
- To participate in the program:
- Families may earn up to 140 percent of the area median income
- Must demonstrate a financial hardship
- Home must be their primary residence
- And must have been denied a loan modification
If the loan has already reset, a borrower may have up to three 30-day or one 60-day delinquency during the past 12 months. There is no minimum credit score requirement. Borrowers seeking to refinance before a rate reset must have no late payments during the past 12 months, must have a credit score of 575 or higher. Additionally, borrower may not own any other residential real estate property and must show the ability to repay the loan.
The Anti-Predatory Lending Project (APLP)
If you feel you have been taken advantage of or misled by a lender, contact Legal Services of New Jersey. Legal Services of NJ provides legal representation to low-income New Jersey homeowners facing foreclosure. Homeowners regardless of income level may file a complaint with the NJ Department of Banking and Insurance by calling 800-446-7467.
The Anti-Predatory Lending Project (APLP) at LSNJ provides free attorney advice and legal representation to low-income New Jersey homeowners who are facing foreclosure or who may be at an increased risk of foreclosure because they were deceived or treated unfairly by a mortgage broker, mortgage lender, or mortgage servicer. The APLP also helps victims of foreclosure rescue scams—people who are in danger of losing their homes after someone falsely promised to help them avoid foreclosure. Contact the APLP through LSNJ’s statewide, toll-free legal hotline, at 1-888-LSNJ-LAW (1-888-576-5529).
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