Consumer Credit Counseling Services

A reliable and efficient debt consolidation program may help you in taking the right step towards becoming debt-free.

If you feel you are overwhelmed with credit card debt, tired of harassing phone calls or just like the convenience of one monthly payment, a credit counseling program may help you.

Credit card consolidation and debt management program can help you financially by offering you a choice of solutions, custom tailored to fit your financial needs.

 

A credit counselor will speak to your creditors and negotiate to: 

  • Stop any harassing creditor phone calls.

  • Reduce your monthly payments.

  • Consolidate all of your unsecured credit card debt into one simple monthly payment.  You may even be able to choose what day of the month it is due.

  • Reduce the number of years to pay off your debt dramatically.

Consumer Credit Counseling Specialists

Fill out the contact information below and a Credit Counselor will call you at your convenience

First Name:
Home Phone :
Last Name:
 Work Phone :
State:
 Email:
Amount of Debt:  *
 Call At:
* Credit card debt, unsecured loans, IRS debt, utility bill debt, and student loans. Do not include auto loans or mortgages. Describe your credit situation:

 

 

Financial Articles Related To New Jersey

 

New Jersey law on residential mortgage foreclosure

Foreclosures filed in New Jersey are to be judicial, meaning the foreclosure filled in this state are to be filled in court against the property owner. Here the court plays a major role by entering into judgment which awards the property to lender or orders for sheriff sale. The time taken to give this judgment is typically from 4 to 6 months.

Usually, foreclosure process begins as the borrower misses the payment due for the month. After 15 days from the due date, the lender sends reminding letter of the due payments and mean while penalty is charged on payment due. After 90 days lender sends a default notice to borrower and files a foreclosure proceedings with court.

New Jersey State requires lender to give written notice to borrower by lender before seeking a judicial assistance on foreclosing a residential property. Before filling a foreclosure the lender must notify the borrower at least 30 day before about his intention to foreclose the underlying property to recover the defaulted loan amount. The notice given to the borrower must advise borrower to seek assistance available form federal and state government agencies or non profit organizations.

New Jersey state law give the borrower 35 days after receiving the summons and complaints to respond and if he does not respond with in the given time, then the lender may seek judicial judgement to foreclose underlying mortgage to recover the defaulted mortgage.

The law of New Jersey give the court an authority to give a judgment of awarding a title of the property to lender or order a sale of property by sheriff sale. After getting an order from court, the sheriff then publishes the sale notice in local newspapers for four consecutive weeks and in a way there is at least one week time before the sheriff sale date.

After sheriff sale, the court awards title of the property to bid winner and orders office of foreclosure to issue a writ possession and advising the sheriff to confiscate any occupants of the property.

As the New Jersey foreclosure is judicial, and then the lender can file deficiency judgment against the borrower if the proceedings of foreclosure are not sufficient to clear off the mortgage. For this lender has to initiate a separate court action for the deficiency judgment against borrower. In case of residential property the amount recovered in this way is limited to difference between the debt on the mortgage and fair market value of the residential property.

In an effort to resolve the foreclosure proceedings, the New Jersey law has introduced a foreclosure mediation program which aims to work out an affordable mortgage payment schedule for the home owner. In this way it tries to reduce the number of foreclosure and help the home owners in saving the home.

In the event of foreclosure, the New Jersey law provides protection to tenants residing in the home to continue to occupy in the event of foreclosure also.

 
Available in the following New Jersey Cities:

( For cities available in other States click here )
Atlantic City
Cape May
Hoboken
Jersey City 		New Brunswick
Newark
Princeton
Trenton

Copyright © 2012 Debt Consolidation Program, All Rights Reserved. * Call answered by Federated Financial - No content on this site should be considered financial or legal advice. Consult an Attorney or trusted Financial advisor before taking any financial action. Terms of use and Privacy Policy

 

 

New Jersey Economy- Million of jobs lost, another year of falling house prices, a multi dollar hole in the state budget hit the New Jersey economy. Financial experts predicted housing prices will continue to fall for almost another year, and private sector job losses, which have totaled 18,700 so far and could exceed 26,300 before the economy starts to turn around. In new jersey, state residents are struggling with mortgages that they can't afford and crippling levels of credit card debt and lay off in the state highest paying industries, including finance and pharmaceuticals industries or going out of business according the economist, the crisis will not begin to lose its grip until late 2009 or some time in 2010. With rise in unemployment and fall in home prices and the elimination of tens of thousands of financial industry jobs will cost New Jersey many of its wealthiest tax payers.