The Problem Of Foreclosures In New Jersey
New Jersey has been leading the nation in foreclosures for years, and it doesn’t appear to be getting better anytime soon. Southern New Jersey farming communities like Bridgeton have been particularly hard hit. Our attorneys have been helping people in our community deal with foreclosures for more than 40 years.
We understand the stress and anxiety you’re going through, and we are here to help. Our attorneys can help you negotiate with your lender to find a solution that protects your home and your credit.
Alternatives To Foreclosure
When facing foreclosure, the first decision you have to make is whether you want to keep your home. Sales and short sales are always an option, but this decision can be influenced by what you owe on your mortgage. Losing your home when you owe more than it is worth may result in a deficiency judgment, meaning that you would not only lose your home, but also owe your lender the difference between what you owed and what it sold for.
We evaluate each client’s unique situation and discuss the pros and cons of all available options. Alternatives to foreclosure may include:
- Modifying your existing loan
- Putting your home up for sale on the open market
- Short sale of your home
- Filing for bankruptcy
- Foreclosure prevention strategies
- Sheriff sale prevention strategies
Everyone in our office lives in the Bridgeton area. We have a vested interest in helping the people in our community because they are our neighbors and friends. Our attorneys understand the housing market in southern New Jersey and we are dedicated to helping protect the homes in our community from foreclosure.
Contact The Foreclosure Attorneys At The Ritter Law Office, L.L.C.
To set up an initial consultation to discuss protecting your home from foreclosure, call us at 866-930-0233 or fill out our online contact form.