Lawmakers Seeking to Make New Jersey’s Foreclosure Mediation Program Permanent

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Lawmakers Seeking to Make New Jersey’s Foreclosure Mediation Program Permanent

by Dan Brecher on November 7, 2012

The New Jersey Legislature is currently considering a bill that would codify the New Jersey’s Foreclosure Mediation Program, and dedicate monies from foreclosure filing fees and fines to fund the program on a permanent basis.

The Foreclosure Mediation Program was established in 2009 by the New Jersey Judiciary in response to the rapid increase in residential foreclosures. Sponsors of the bill want to make sure the program continues by establishing it by statute.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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