How can I stop foreclosure on my home in nj?

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  • 1 decade ago
    Favorite Answer

    The last thing the mortgage company wants to do is foreclose on your property. However, you must make an effort to pay what you owe. If your condition is temporary, be honest with your mortgage company and they will try to work out a solution with you. If you try to con them or are just trying to buy time, they will proceed with the foreclosure. In the end it pays to be honest with them, and above all, stay in contact with them.

    Good luck with your situation.

  • 1 decade ago

    First try and talk with the lender--it is possible that something can be worked out. Banks and other lender really do not like to do forecloures unless they have to.

    Second, if that does not work consider bankruptcy. See a lawyer if this is something that is workable and worthwile in your situation. Upon filing foreclosure procedures will be automaticaly stopped. And it is likely that you will be able to work out a reaffiration agreement which will satisfy the trustee and the mortagor. There is also the possibility, if your qualify, of a Chapter 13 bankruptcy, in which the mortgator will be forced to take payments that you can make.

  • 1 decade ago

    Filing bankruptcy will stop it, but if you're behind on payments, you may still lose it anyway with a chap. 7. You might can keep it with chap. 13. You caould call your mortgage company and see if you could work out a payment plan to repay it over time....the amount you're behind on.

  • 1 decade ago

    Talk to the bank and see if they will even take just the interest payment for now.

    The important thing is to talk to the lender; most people do not do this.

    Source(s): No animals or plants were harmed in the answering of this question. Any similarity with any person, living or dead, is purely coincidental and unintended. This answer contains a substance known by the state of California to cause excessive moronic stupidity. Use with adequate ventilation.
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  • T C
    Lv 6
    1 decade ago

    well. almost any where, you can pay your mortgage, that will stop a foreclosure

  • Anonymous
    1 decade ago

    You must talk to your lender...they might make other arrangements for you to pay up...keep in touch with them.

  • Anonymous
    1 decade ago

    PAY YA BILLS!!!

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