Keep the Keys to Your Home with NJ HomeKeeper

keysPhoto courtesy of Keith Williamson

Every day, Veitengruber Law meets with clients who are struggling to make ends meet. If you’re finding yourself in over your head, or if you’re managing to barely tread water, we’ve got some ideas that may be just what you need.

Most people who are struggling financially name their rent or mortgage payment as their most cumbersome bill. Homeowners fall behind on mortgage payments all the time, especially in recent years, as the job market has been unpredictable.

If you are struggling to keep the keys to your beloved residence and honestly don’t know where to turn, we want to talk to you about the New Jersey HomeKeeper Program. This amazing organization receives its funding through a federal grant from the U.S. Treasury’s ‘Hardest Hit’ Fund, which has been helping those states that have the highest unemployment rates. If you’re in danger of losing your New Jersey home to foreclosure because you can’t make the payments, this program may be for you.

The HomeKeeper Program requires that your home is located in New Jersey, and that you have become unemployed or underemployed (have had an income loss of 15% or more) in the past three years through no fault or personal decision of your own. The home you’re struggling to keep must be your primary residence, and must also be the only residential real estate that you currently own.

You must also not owe over $429,619 when it comes to mortgage debt (for a one unit property). If you’ve got next to nothing in your savings account (not including investments for retirement and/or education of a dependent), and your lender participates in the New Jersey HomeKeeper program, Veitengruber Law can assist you in applying for help.

Of course, you may be wondering just how much help you’ll be entitled to if you qualify. We’re excited to tell you that the HomeKeeper organization can offer you up to $48,000 in forgivable mortgage assistance! The money can be applied to your current mortgage payments and/or arrearages (late payments), and includes payment of your principal, interest, and property taxes.

Don’t worry if you haven’t yet fallen behind on your payments; you will still be eligible if you are likely to fall behind very soon. We applaud your ability to stay current as long as you have, but again, being unemployed or underemployed will sooner or later prevent you from making those payments. Luckily, you have a good, solid solution right at your fingertips.

Call our office today so we can run through the basics of the New Jersey HomeKeeper Program to see if you qualify. Self-employed individuals are encouraged to give us a call as well. We may need to acquire some additional information from you, but you are eligible for the program.

Don’t let the keys to your home slip through your fingers. Take action now, and let us help you explore all options that will help you stay rooted firmly in your beloved State of New Jersey.

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