If you have missed a payment or payments or feel that you will soon miss a payment because your mortgage is no longer affordable to you, you should call your mortgage servicer. The number should be on your monthly mortgage bill or coupon book. You may also contact a housing counseling agency in the county in which you live. See pages 3 and 4 of the Foreclosure Fast Fact sheet for a list of counseling agencies.
The counseling agencies listed here are non-profit, HUD certified and trained in foreclosure prevention.
On top of the list, for struggling New Jersey homeowners, facing a quickening rate of foreclosures, are supposed to have a lifeline: the HomeKeeper program, run by the state and funded with $300 million from the federal bank bailout.
But 15 months after the program was launched, the state says only 10 percent of that money has been spent, to help just 750 homeowners. According to a report from a U.S. special inspector general, New Jersey has drawn the lowest percentage of federal money available to the 18 "hardest-hit" states.
Call Today, Do Not Delay! The sooner you call the more options you will have.