New Jersey: From the Mayor’s Chair – Help for those in danger of foreclosure
I have written recently about the wave of home foreclosures in Absecon and elsewhere in Atlantic County. Atlantic County has the highest foreclosure rate in the nation and Absecon has the fourth highest rate in Atlantic County at one in every 221 homes. With the Taj Mahal casino closing, there may be an additional 100 Absecon residents out of work and in danger of losing their homes. We need help for these at-risk Absecon homeowners. Fortunately, the state is unveiling a program of economic assistance to those in danger of losing their homes.
The New Jersey Housing and Mortgage Finance Agency has introduced its Hardest Hit Fund, which can provide up to $50,000 to eligible applicants in order to reduce their mortgage payments or to cover obligations that are past due to bring mortgage payments current.
On Tuesday, Oct. 18, NJHMFA will hold a Foreclosure Resource Event from 3 to 8 p.m. at the All Wars Memorial Building at 1510 Adriatic Ave. in Atlantic City. Certified housing counselors will be available to assist people in applying for these benefits and taking other measures to avoid foreclosure. I have been assured by the NJHMFA director that a future event will be held in Absecon. But don’t hold off if you are at risk of foreclosure. I urge you to attend this event. You may RSVP and obtain information about the Hardest Hit Fund online at http://bit.ly/oct18foreclosure.
If you are in New Jersey and are looking for help with foreclosure, call Denbeaux & Denbeaux at (201) 664-8855 or fill out their online form for a FREE Case Evaluation. Let the lawyers and staff at Denbeaux & Denbeaux serve you!