Enhances access to foreclosure counseling services for homeowners facing foreclosure in New Jersey.

The bill enhances access to foreclosure counseling services for homeowners facing foreclosure in New Jersey. It establishes a dedicated account in the General Fund, the "New Jersey Foreclosure Counseling Fund," administered by the Department of Community Affairs. The fund reimburses the New Jersey Housing and Mortgage Finance Agency (HMFA) for costs incurred by trained foreclosure prevention and default mitigation counselors. These counselors offer services to homeowners facing foreclosure, regardless of their intention to participate in foreclosure mediation.

Enhances access to foreclosure counseling services for homeowners facing foreclosure in New Jersey.

The bill enhances access to foreclosure counseling services for homeowners facing foreclosure in New Jersey. It establishes a dedicated account in the General Fund, the "New Jersey Foreclosure Counseling Fund," administered by the Department of Community Affairs. The fund reimburses the New Jersey Housing and Mortgage Finance Agency (HMFA) for costs incurred by trained foreclosure prevention and default mitigation counselors. These counselors offer services to homeowners facing foreclosure, regardless of their intention to participate in foreclosure mediation.