1. Foreclosure rates are at an all time high. Having your home in foreclosure is stressful, frightening, and confusing for most home owners. I have successfully represented individual and commercial clients in foreclosure proceedings for over twenty five years . I defend the rights of homeowners and may be able to help you with one or more of several options, including: Loan Modification Refinance Short Sale Deed In Lieu Chapter 13 Repayment Plan In a foreclosure, you may find yourself potentially losing the house that you and your family call home and that you worked so hard to get. Worse, if you lose your home in a foreclosure, New Jersey law allows a lender to obtain a "deficiency judgment" for the balance of what you owe after selling your house at the foreclosure sale. This is often an important factor to consider when considering your course of action to take. Foreclosure in New Jersey: Once you have been served with the foreclosure complaint, you generally have thirty five (35) days to file an answer. It is important that you seek legal representation. If you have already been served with a foreclosure complaint and are past the deadline for the answer, you may still be able to defend the foreclosure depending on the specific case. In New Jersey, a foreclosure may take between 12 and 30 months. A welldefended foreclosure has many benefits: You may be able to win the foreclosure case and prevent the bank from foreclosing You could develop facts that will force the bank to settle on better terms You can continue to live in your home during the fight You may get a meaningful loan modification offer that brings the principal balance on your loan down to the market value of your home You may avoid a deficiency judgment on an underwater property You can continue to collect rent from investment properties To know more:http://www.jerseylaws.com/pages/bankruptcy