| Welcome to NJAvoidForeclosureNow.com Hello and Welcome to my webpage. I want to take this opportunity to introduce myself, My name is Amanda M. Rodriguez and I am a Certified Foreclosure Prevention Consultant. I specialize in helping homeowners avoid foreclosures. I have created this website to educate homeowners and discuss different ways I can help with their situation. It is unfortunate that many Americans are losing their homes today. Obviously they would rather keep their home and meet their financial obligations rather then lose their home. However sometimes that is not possible. When it is not possible the next best thing is to take control of the situation and do what is best for you. During this hardship, the most important thing to remember is that you still have options. Whether it be negotiating a loan modification w/ your lender, trying to refinance your home, or start a pre-foreclosure sale. Best of all my consultation services are free of charge. My main objective is to give you a clear understanding of the options available to you. There are various options available to homeowners regardless of credit, equity or financial history. YOU STILL HAVE RIGHTS! We work for you. Not your lender. Many of our workout solutions may include but are not limited to: - Giving you up to 12 and sometimes 24 months for you to make up your back payments.
- Putting your back payments and penalties at the end of your loan or avoiding penalties all together.
- If you have a loan you just can’t afford we may be able to renegotiate a better loan for you. If you qualify!
**Everyone is different and results will vary case-by-case** TO VIEW YOUR FORECLOSURE OPTIONS & FORECLOSURE LAWS IN NJ SCROLL DOWN THIS PAGE . The foreclosure process has a very specific time line and the longer you wait your options and doors of opportunity begin to close, so the sooner we begin the better chance we have of helping you. Did you know that a foreclosure stays on your credit record for 7 years … and we don’t want that to happen! I know I can help, please give me a call and let me at least show you what options you still have available. The decision is yours as to what action you want to take, give me a call, you'll be glad you did. You can also visit my contact page and fill in the signup form so I can contact you directly. Best Regards, Amanda M. Rodriguez-Realtor Associate Certified Foreclosure Prevention Consultant Direct: (973) 392-3929 Exit Elite Realty Group 235 Harrison Ave Harrison, NJ 07029 (973) 268-4000 * Each Office Independently Owned & Operated Foreclosure Has A Definte Timeline and You Still Have Rights Your Lender Does NOT Want Your Home! I'd be more than happy to answer any questions or concerns you might have. Call me for a free consultation today! Here are the most used options available to stopping the foreclosure process • Restructure (Most Popular Alternative) - We can negotiate with your lender to get your loan in good standing again. There are many options available to us to get a restructure approved like a separate payment plan for your delinquency or even adding the delinquency to the end of your loan. Sometimes we can even lower your monthly payment! • Reinstatement - Pay your lender(s) all of your past due payments to bring your mortgage current. This option is rarely feasible. • Refinance - We have established relationships with very reputable lenders who can give loans on mortgages that are in foreclosure if there is enough equity in your property available. • Reverse Mortgage - Must have large equity. Must be 62 years of age. • Sell Your Home - You may simply sell your home before the Foreclosure Sale Date. Sometimes the home owner is unable to sell the home outright at the desired sale price and this is not an option. • Short Sale - We may be able to negotiate a Short Sale on your behalf with your lender(s). In this instance the lender may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process. • Deed-in-lieu of Foreclosure - We can arrange for you to simply give the home back to the lender and walk away with a clean slate. • Bankruptcy - This is a last resort. This will only save your home temporarily. If you miss one payment during this process the lender will put you right back into foreclosure. Chapter 7 Debt Elimination Chapter 13 reorganization. • Foreclosure - You may elect to allow the home to be entered into mortgage foreclosure. This is the most damaging to you. The lender will take your home and all of your equity. If there is no equity, your lender may get a deficiency judgment against you and want you to repay the shortage or “deficiency”. This is the most damaging to your credit and your ability to acquire another home loan. Plus the foreclosure stays on your credit record for 7 years. NJ Foreclosure Laws Quick Facts v Judicial Foreclosure Available: Yes v Primary Security Instrument: Mortgage v Timeline: Typically 90 Days v Right of Redemption: Yes v Deficiency Judgments Allowed: Yes In New Jersey, lenders may foreclosure on a mortgage in default by using the judicial foreclosure process. Judicial Foreclosure Generally, in judicial foreclosure, a court decrees the amount borrower’s debt and gives him or her a short time to pay. If the borrower fails to pay within that time, the clerk of the court then advertises the property for sale. Once the process begins, a foreclosure notice must be: 1) posted in the county office of the county where the property is located; 2) posted on the property in foreclosure; and 3) published in two (2) newspapers in the county. The lender must also notify the borrower at least ten (10) days prior to the foreclosure sale. It is possible for the lender to obtain a deficiency judgment and borrowers have a right to redemption and/or objection within two (10) days after the sale.
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