Questions & Answers


What is the New Jersey Judiciary’s Foreclosure Mediation Program?

Answer


The New Jersey Foreclosure Mediation is a Court ordered program in the state of New Jersey. In order to be eligible for the free mediation program, homeowners cannot currently be in bankruptcy, the property in foreclosure must be the homeowner’s primary residence, and the property in question must be a one to three-family residence. The program benefits distressed homeowners by providing them the opportunity to have a face-to-face meeting with the lender’s attorney and a neutral third party mediator to discuss their options. Communication is always an issue when dealing with banks and this is an important opportunity for a borrower to speak directly with their servicer and their lawyer about their prospects of reaching resolution. Our firm, Friscia & Associates, will submit your entire mediation packet to the court, and will represent you at the mediation. Our NJ foreclosure defense attorneys can guide those facing foreclosure through the complexities of the foreclosure process.

If you have questions regarding the New Jersey Foreclosure Mediation Program or if you have any other related questions call us today at (973) 500-8024 or (212) 960-8308, or submit your contact information below and we can contact you directly.