Goldman & Beslow LLC
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Jersey City: 201-659-6226
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Mortgage Loan Modifications and Foreclosure Mediation

Newark, New Jersey, Bankruptcy Lawyers

In tough economic times, mortgage foreclosures increase. The result is significant pain and hardship for all Americans. Most people, when they learn they may lose their home, do not know what to do or where to turn.

Bankruptcy As an Option

One option is bankruptcy. Either Chapter 7 or Chapter 13 bankruptcy can stop foreclosure actions immediately and give you time to figure out what to do. In some cases, you may be able to keep your house by becoming current with your mortgage payments. In others, you may be able to modify the loan so that you can continue to make payments and keep your house.

Loan Modification

The loan modification process involves changing the terms of your mortgage loan so that you can afford to continue making payments. This is most often achieved by significantly reducing the interest rate.

Loss Mitigation Program

The United States Bankruptcy Court for New Jersey has instituted a Loss Mitigation Program ("LMP") which functions as a forum for debtors and lenders to discuss mutually acceptable alternatives to foreclosure. Possible resolutions include, but are not limited to, loan modification, loan refinance or forbearance. The terms of a loss mitigation solution will vary in each case according to the particular needs and goals of the parties. The LMP encourages the parties to finalize a feasible and beneficial agreement with the assistance and supervision of the Bankruptcy Court.

Our office has been successful in obtaining loan modifications during our clients' chapter 13 bankruptcy cases. Our advocacy has resulted in substantial interest rate reductions allowing our clients to reduce their monthly mortgage payments. This has allowed our clients to save their homes where they may not have been able to otherwise.

Foreclosure Mediation

Since we know what it takes to obtain loan modifications, we are also taking that experience and are now assisting our clients in their application for participation in the state court foreclosure mediation process.

Outside of bankruptcy, the New Jersey State Courts have a mortgage foreclosure mediation process through which eligible homeowner's can pursue possible loan modifications and other resolutions. We will assist you in completing the forms.

We will assist you in completing the forms necessary to participate in the mediation program. We mail the documents to the court and await a mediation hearing date. Our representation does not end there. We attend the mediation hearing with you and diligently and aggressively fight to obtain the best results.

Elimination of Second and Third Mortgages

We have also helped many clients eliminate second and third mortgages through bankruptcy. We have helped many occupants of multifamily housing units reduce the balances on their mortgages through bankruptcy.

While no one can guarantee that you will obtain a modification or other workout, we will help you through the complex and often frustrating process of working with your lender to help you get the best result possible. We have a wealth of experience to share regarding how bankruptcy may offer solutions allowing you to keep stop foreclosure and protect your real estate investments.

Click here for information regarding state court foreclosure mediation.

* PLEASE NOTE that foreclosure mediation does not automatically stop a sheriff's sale.

Call or e-mail Goldman & Beslow, LLC, for more information regarding your New Jersey mortgage and bankruptcy.


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  • NACBA | National Association of Consumer Bankruptcy Attorneys
  • NACA | National Association of Consumer Advocates
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Goldman & Beslow LLC

Goldman & Beslow, LLC is a Federal Debt Relief Agency by an Act of Congress. We have proudly assisted consumers seeking relief under the U.S. Bankruptcy Code for over 38 years.

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7 Glenwood Avenue,
Suite 311B
East Orange, NJ 07017
East Orange Law Office

Phone: 973-414-8069
Phone: 973-419-7631
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
Fax: 973-675-5886
E-mail the firm

NEWARK OFFICE 168 Bloomfield Avenue
Newark, NJ 07104
Newark Law Office

Phone: 973-483-1333
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

PATERSON OFFICE 100 Hamilton Plaza,
Suite 405
Paterson, NJ 07510
Paterson Law Office

Phone: 973-247-9445
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

JERSEY CITY OFFICE 26 Journal Square,
Suite 603
Jersey City, NJ 07306
Jersey City Law Office

Phone: 201-659-6226
Phone: 973-419-5266
Phone: 201-205-2496
Toll Free: 888-827-5493
E-mail the firm

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