Enhances access to foreclosure counseling services for homeowners in New Jersey.
The bill aims to improve access to foreclosure counseling services for homeowners in New Jersey. It requires the New Jersey Housing and Mortgage Finance Agency (HMFA) to ensure that trained foreclosure prevention and default mitigation counselors promptly contact homeowners who receive a notice of intention to foreclose. These counselors offer counseling services regardless of whether the homeowner intends to participate in foreclosure mediation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.