New Jersey Foreclosure: Finding an Attorney

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Photo courtesy of Bradley Gordon

If there is a potential home foreclosure in your future, you are more than likely attempting to get a firm understanding of the foreclosure process in the State of New Jersey. First and foremost, you should find a highly qualified attorney who is not only licensed in the State of New Jersey, but also has significant experience dealing with banks and other lenders regarding foreclosure matters and loan negotiation.

When hiring an attorney to save your home, don’t be afraid to ask the hard questions. Find out how many clients he’s been able to save from foreclosure. Look for an attorney who has a good track record when it comes to negotiating loan modifications, if that is your ultimate goal. As every case is unique, be sure to look for someone who has successfully handled foreclosure situations that are similar to yours. It may go without saying, but get face-to-face with the attorney you choose before signing a retainer agreement. The ideal person to handle your foreclosure will be well-versed in all of the foreclosure details in the state of New Jersey, and will have a personality that is compatible with your own.

The right attorney will be able to explain all of the details surrounding the New Jersey foreclosure timeline, as the ins and outs of the foreclosure process and paperwork can be confusing. You want someone with a firm grip on all of the specifics.

Typically, after you’ve missed three mortgage payments, your property will enter into the default process for foreclosure, during which you will receive a Notice of Intent to Foreclose, which is the court’s way of giving you warning. If you have already received this notification from your lender, it’s a very good thing you have decided to hire an attorney now. Once the Notice of Intent to Foreclose has been filed and you have been notified, you may have as little as 33 days before you receive the official Foreclosure Complaint.

The earlier you begin your search for a foreclosure defense attorney, the better. Ideally, you will already have interviewed and retained a brilliant attorney before you ever miss your first mortgage payment. In doing so, you’ll keep your attorney ahead of the eight ball at all times, enabling him to better serve you and get you the results that you want and need in order to remain in your home.

The best attorneys are focused on their clients’ needs at all times, especially in situations that come with high emotional stakes, like foreclosure and bankruptcy. Don’t settle for less than the best when it comes to saving your family home. Investing in a good defense now means that your chances of keeping your home (and negotiating new loan terms in your favor) will be much higher.

Next week we’ll talk more about the New Jersey foreclosure timeline, changes to the mediation structure, the Homekeeper Program, and what to do if your request for a stay for mediation isn’t granted.

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3 Responses to New Jersey Foreclosure: Finding an Attorney

  1. Pingback: Do I Need a Lawyer to Fight a Foreclosure? | Veitengruber Law

  2. Pingback: My Sheriff’s Sale is Looming: Can I Still Save My Home? | Veitengruber Law

  3. Pingback: Facing Foreclosure During a Divorce | Veitengruber Law

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