Stop Foreclosure Lawyer in NJ
Stopping a foreclosure allows an individual/family to keep their home.
Foreclosure can be upsetting and scary. You receive a complaint that your lender is seeking Court action to foreclose on your home. You have the option to Stop the foreclosure and keep your home. You and your family deserve the stability to stay in your home.
Stopping a foreclosure allows an individual/family to keep their home. Clients call me in a panic, thinking that it is the end of their world. They want to stop the foreclosure process. When the process begins, it is a stressful time However, I can ease your stress. Keep in mind that I have compassion for my clients.
Ultimately, each situation is unique to each client. I take the time to learn more about your particular situation. My clients rely on me because I am there for them.
I can stop your foreclosure immediately, even if the Sheriff’s sale is the same day.
You do not want to lose the equity in your home. Filing for bankruptcy can help protect your equity. Homes have significant equity at this time. Home values have risen. Most of my clients would lose $50,000 to $100,000 if their homes were foreclosed. After an appraisal, clients are shocked at how much their homes are worth.
If you have equity in your home iiling Chapter 13 Bankruptcy is a valuable option.
You may be procrastinating (we all get frozen when we are faced with a situation that is life-changing) on what to do to stop foreclosure:
- You may be falling behind in your mortgage payments.
- I can work with you to bring your past-due mortgage payments current.
- We can save your home.
- Do not let the lender take your home.
- Your home gives you security and a sense of ownership.
- Do not wait until the Sheriff’s sale is over.
- Chapter 13 Bankruptcy Help
- Chapter 13 allows you to reorganize your debt and organize your finances.
- You can pay off your debts including your mortgage arrearages over time.
- I can meet with you and discuss the entire process of filing Chapter 13 Bankruptcy. I can prepare a plan to get you back on track.
What is a Sheriff's Sale?
A sheriff’s sale is a public auction at which property repossessed by a sheriff is sold by court order to satisfy unpaid creditors.
Filing Bankruptcy Stops Foreclosure the Same Day
- I do not recommend procrastinating and waiting until the day before or the same day. However, I can help you file an emergency bankruptcy.
Do not let the Bank or Sheriff decide whether you stay in your Home or leave your Home.
You dictate the payment terms – Not the bank, and STOP your FORECLOSURE TODAY.
Call me now for a free consultation: Ralph A. Ferro, Jr., Esq. (201) 446-5904
As a Stop Foreclosure Lawyer, I will personally help you.
Flexible times are available. You can always call my cell phone and reach me immediately. I am here to help you…..
Read my client reviews – I am committed to my clients.
Foreclosure Questions:
Have you?
- had periods of underemployment or unemployment.
- Missed a mortgage payment, or you just got behind.
- been denied a loan modification, and the bank took a long time to answer.
- just received a foreclosure notification.
Utilize Chapter 13 bankruptcy to stop foreclosure, to give you time to pay back the past due mortgage payments, and keep your home.
Ralph A. Ferro, Jr., Esq. Bankruptcy Lawyer
Board Certified Consumer Bankruptcy Lawyer
Emergency Bankruptcy Filing?
Understanding Emergency Bankruptcy Filing
- An emergency bankruptcy filing—or a “skeleton filing”—is essentially a fast-track way to halt a foreclosure sale.
- An emergency bankruptcy filing can also
- stop car repossession, wage garnishments, and bank levies.
- An emergency bankruptcy filing can also
- Instead of submitting your entire bankruptcy petition upfront, you file just the minimum paperwork to get immediate protection from the court. This triggers the automatic stay, forcing the bank to halt all collection and foreclosure actions, at least for the moment.
How It Works:
- I file the essential forms to get your case started (just enough to stop the foreclosure clock).
- Within 14 days, I will work with you and submit the remaining required documents.
- The skeleton bankruptcy filing gives you breathing room for us to gather paperwork, organize your finances, and work through your options—without the sheriff knocking on your door in the meantime.
Caution: You should Always Use a Bankruptcy Lawyer to file your Emergency Petition
- Filing incomplete papers under pressure opens the door for mistakes—and bankruptcy has stringent deadlines and code that must be followed.
- Any errors or missed deadlines can jeopardize your case and put you right back where you started.
- I can walk you through the process, help prepare your forms, and make sure your rights are fully protected—especially when your lender and the sheriff are about to take your home.
Chapter 13 Bankruptcy
For: Individuals Only
- Reorganize past-due Mortgage & Car payments
- Save your House & Car
- Stop Foreclosures
- Stop Sheriff’s Sale
- Stop Property Tax Sales
- Establish an Affordable Repayment Plan for your Debts
- Retain your Assets
- Pay Back What You Can Afford
Call me Today: I will stop the sheriff’s sale immediately.
Does a foreclosure or Short Sale end your Financial Burden?
No – it does not – See What Can Happen Below:
- Former homeowners may still be liable if there is a discrepancy between what they owed on their mortgage and what the bank could sell it for.
- Deficiency judgments are ticking time bombs that can explode years after borrowers lose their homes.
- Banks approve borrowers to sell their home for less than it is worth (Short Sale)
- Can the banks come after you? If borrowers ignore the possibility of deficiencies, it could haunt them.
Ticking time bombs:
- What can be scary is that the judgments do not have to be obtained immediately or even be a significant amount.
- Lenders or collection agencies may wait until debtors have recovered financially before they close in
- Lenders may release property liens in order to facilitate short sales without releasing brrrowers from their obligations to pay under the promissory notes.
- The secured debt can convert to an unsecured one after the sale.
Strategic Defaults:
- Sometimes lenders go after borrowers who walk away from their homes if they have other assets.
- The lenders can go after the borrowers’ other assets.
Short Sales - Suggested by a Real Estate Agent or Broker
If Real estate agents/brokers suggest a Short Sale, call me first (201) 446-5904:
- The sales agents may only be looking at the benefits to them – sales commission.
- I will see if the short sale benefits you.
When you call me, you reach me directly.
(201) 446-5904 (text or call me Now)
- There is never a screening process to reach me.
- I answer my calls directly.
- You are never passed around or transferred – you reach me directly.
- Clients are important to me. (See how my client’s reviews demonstrate my commitment to you)
Before a foreclosure - Talk to me About Chapter 13 Bankruptcy - Keep Your Home
FAQ about how Ralph A. Ferro, Jr. , Esq. Stops Foreclosures.
Can filing for Chapter 13 bankruptcy really stop a foreclosure immediately?
Yes. Filing for Chapter 13 bankruptcy immediately triggers what’s called an automatic stay, which stops foreclosure and all collection efforts the moment your case is filed. Even a scheduled sheriff’s sale can often be halted. This protection gives you time to catch up on missed payments through a court-approved plan. Ralph A. Ferro, Jr., Esq. regularly uses this process to help New Jersey homeowners stop foreclosure quickly and save their homes from being sold.
If a foreclosure sale is scheduled, is it too late to file bankruptcy?
Not necessarily. As long as your Chapter 13 bankruptcy is filed before the sheriff’s sale takes place, the automatic stay can stop the sale immediately. Timing is critical, so the sooner you act, the more options you have. Ralph A. Ferro, Jr., Esq. often files emergency cases for New Jersey homeowners to halt pending foreclosure sales and buy time to catch up through a repayment plan. If your sale date is approaching, contact him right away to explore your options.
What happens to my missed mortgage payments if I file Chapter 13?
In Chapter 13 bankruptcy, your missed mortgage payments are added into a structured repayment plan that usually lasts three to five years. You’ll keep making your regular mortgage payments while gradually catching up on what you owe. By the end of the plan, you’re current again and your home stays protected. Ralph A. Ferro, Jr., Esq. carefully designs repayment plans that fit each homeowner’s budget so they can keep their homes and rebuild stability over time.