Learn How to Stop Foreclosure in New Jersey
The farther you fall behind in paying your mortgage, the more likely you will face foreclosure. Before you lose your property, before you must find a new home for your children, possibly needing to move them to a new school system, before you’re only days away from a Sheriff’s sale, speak with an experienced foreclosure defense attorney about your options.
There are options for you to stop the cycle of debt and save your home. Contact the New Jersey law firm of Klafter & Mason, L.L.C. to learn more about these options. We offer a free initial consultation with an experienced bankruptcy attorney. Call us at 866-219-2495 or e-mail us today!
Foreclosure Does Not Mean You Failed.
Accumulating unmanageable debt, falling behind in your mortgage, and simply not being able to make ends meet, does not mean you have failed as a person, a spouse or a parent. It doesn’t mean you’re a bad person. It is not a sign of weakness or defeat. There are many reasons why people fall behind in their mortgage payments. A sudden injury or illness, job loss or unexpected medical bills may compound an already precarious financial situation. Perhaps your interest-only or deferred-interest loan adjusted to current rates, and a once-affordable payment has now become unmanageable. Whatever the cause of your financial difficulties, you have options that can save your home and reduce your debt through bankruptcy and other available strategies.
Stopping Foreclosure Requires Prompt Action Now.
Foreclosure does not happen immediately. The process can take months, and in today’s economy, it could take over a year for a lender to bring the foreclosure process to a Sheriff’s sale of your home. However, notwithstanding the delayed process, you cannot afford to wait to consult with an experienced bankruptcy and foreclosure defense attorney. Once the bank notifies you of the foreclosure, or that your loan has been categorized as pre-foreclosure, you must take action at once. Do not bury your head in the sand. Do not believe for one minute that the lender will understand your financial predicament and give you a break. They will not. You must take affirmative steps to protect your home, to protect your family and to act in your own best financial and personal interests.
In New Jersey, homeowners are entitled to two statutory adjournments. This means you have the right to request two-week postponements. These adjournments, however, do not prevent a Sheriff’s sale — they only delay it. To stop foreclosure, it is essential that you request an adjournment and then contact Klafter & Mason, L.L.C. right away. If the gavel falls at a Sheriff’s sale of your home, bankruptcy will no longer be an option for you.
Keeping Your Home May Be as Simple as Filing for Bankruptcy.
As a bankruptcy lawyer and managing member of Klafter & Mason, L.L.C., Gary L. Mason helps people like you save their homes and find new financial beginnings through bankruptcy. He knows one of the easiest ways to save a home from foreclosure is to file for bankruptcy . As soon as the petition is filed (and with certain exceptions for debtors who have filed multiple bankruptcies within a certain period of time), an automatic stay becomes effective and stops all foreclosure proceedings.
You can stop foreclosure. You can save your home. You can once again take control of your financial life and free yourself of the stress, anxiety and uncertainty that accompanies your financial predicament. Contact Klafter & Mason, L.L.C. today to schedule a free initial consultation with an experienced bankruptcy attorney. Our office is handicapped-accessible and is conveniently located just fifteen minutes from the New Jersey Turnpike and the Garden State Parkway. Parking is free.