Passaic County foreclosure lawyer Gary M. Didieo helps clients in Passaic and Bergen County avoid foreclosure with short sales, loan modifications, deeds in lieu and other foreclosure solutions. If you have received a “Notice of Intent to Foreclosure” or a Foreclosure Complaint, the first thing you must do is DO NOT PANIC. You will not be kicked out of your home tomorrow, next week or even next month. The foreclosure process in New Jersey is long and slow. Some homeowners are able to stay in their home for years after receiving the Complaint.
HOWEVER, once you do become aware that a foreclosure is imminent, it is important that you contact a New Jersey Foreclosure Lawyer immediately. The more time your attorney has to try to help your situation, the better. Many foreclosure cases in Passaic and Bergen County can be worked out through a short sale, loan modification or a deed in lieu. A short sale is when your lender agrees to let you sell your house for less than the full amount you owe on your loan, and accepts that amount as payment in full of your loan. A loan modification is when your lender agrees to modify the terms of your loan, typically by way of a reduction in your interest rate. A Deed in Lieu is when you sign the Deed to your home over to your lender and walk away. A New Jersey Foreclosure Attorney can help you decide which solution would be best for you.
Even if a judgment of foreclosure has already been entered against you, a New Jersey Foreclosure Lawyer can still help you further delay your foreclosure. No matter what stage your foreclosure is in, call Gary M. Didieo, a Passaic County Foreclosure Lawyer today at 201-213-0883 to schedule a free consultation to discuss your case.