The Millstone Times April 2020

FAMILY MATTERS

Barlow & Zimmer FUNERAL HOME

Saving Your Home From Foreclosure O ne of the biggest accomplishments for many people in New Jersey is to become a homeowner. It often takes years of saving and hard work to own a home. Of course, when a financial situation changes and an individual can no longer afford to make mortgage payments, foreclosure may be in one’s future. The concept of losing a home that one worked so hard for can be completely devastating to a homeowner. However, there are a few ways that you may be able to save your home from going into foreclosure. First, you may want to try and have your mortgage loan modified. In the best cases, a loan modification can allow an individual to lengthen their mortgage term, lessen monthly payments, and even lessen interest rates to make it more affordable. However, a loan modification must be approved by the lender. If the lender does not approve this plan, the homeowner may want to consider filing for bankruptcy under a Chapter 13 plan which will stop a foreclosure and allow to catch up on your payments over 3 to 5 years. While many bankruptcies can be filed without an attorney, if you want to save your home, it is best to seek legal advice to make sure you are protected. If your home goes into foreclosure, it is best to speak with a lawyer early in the process. Our consultation is free, and the earlier you come in the more options you have. The saddest situation is when someone comes in to see me days before their sheriff sale and their mortgage payments are their only debt. They would have been a good candidate for a loan modification but now they can only save their home by filing for bankruptcy. DON'T FACE FORECLOSURE ALONE Fight back and save your home. FREE CASE REVIEW Foreclosure Defense, Loan Modifications, Bankruptcy, Debt Litigation Defense Frances Anne Tomes, Esq.

Neighbor Helping Neighbor

In Your Time Of Need Friendship And Experience Matter

RICHARD J. ZIMMER • MANAGER- NJ LICENSE # 23JP00458900 J. BRENT BARLOW • DIRECTOR- NJ LICENSE # 23 JP 00282600 • Family Owned and Operated • Traditional and Cremation Services Serving All Faiths • Assistance with Pre-Need Arrangements • Member of the NJ Pre-paid Funeral Trust Fund

202 Stockton Street • Hightstown, NJ 08520 (609) 448-3456 • www.barlowzimmer.com

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Sharer and Associates 732-446-4919 500 State Route 33, Ste. 1D Millstone Township donnsharer@allstate.com

Tomes Law Firm, PC 1 West Main St, 3rd Floor

Freehold, NJ 07728 Tel: (732) 333-0681 WWW.TOMESLAW.COM

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