New Jersey homeowner workshops
Keeping your home starts with a plan you can afford.
A mortgage problem has two sides: the legal deadline and the financial solution. A lower payment is useful only if the agreement resolves the default, fits your household budget, and gives you a workable path through any future rate increase or balloon payment.
These workshops walk through the procedure, the numbers, and the tradeoffs. Start with your existing loan, your current income, the amount needed to resolve the default, and the time available before the next court or sheriff’s-sale deadline.
Choose your workshop
Loan Modification Workshop
Learn how an existing mortgage can be restructured. Compare streamlined reviews, trial payment plans, 30- and 40-year amortization, capitalized arrears, upfront contributions, deferred principal, partial claims, and stepped payments. Follow the calculations from the balance to the full monthly housing payment.
Refinancing Workshop
Learn how a new loan pays off an existing mortgage. Compare fixed and adjustable rates, bank and portfolio lending, alternative income documentation, asset-based approaches, and short-term private loans. Calculate closing funds, loan-to-value, monthly payments, and the amount still owed at maturity.
Which direction deserves a closer look?
| Your situation | Where to start | What must be established |
|---|---|---|
| Behind on payments; income has recovered | Modification, repayment, or deferred-arrears review | A sustainable payment and an agreement that addresses the default. |
| Current mortgage; stable income; credit and equity available | Refinancing comparison | A qualifying loan with worthwhile costs and terms. |
| Low existing rate; temporary hardship | Ask about preserving the existing loan terms | Whether an eligible deferral or partial claim is available before replacing the mortgage. |
| Substantial equity; recent mortgage delinquencies | Compare modification with a genuinely available refinance | Equity does not establish repayment ability or guarantee approval. |
| Sheriff’s sale approaching | Coordinate legal review with the financial plan | A verified sale status and a closing or workout timetable that actually fits. |
Bring these numbers to the table
- Current principal balance, interest rate, remaining term, and monthly principal-and-interest payment.
- Arrears breakdown, escrow analysis, reinstatement figure, and a current payoff statement.
- Monthly taxes, insurance, mortgage insurance, association charges, and other debt payments.
- Documented income, actual take-home pay, available cash, and emergency reserves.
- Property value, all other liens, and the current foreclosure or sheriff’s-sale status.
A refinance application or a telephone promise from a servicer does not establish that a sheriff’s sale has been postponed. Obtain written confirmation and coordinate any necessary court relief. See our guides to sheriff’s sales, foreclosure mediation, and responding to a modification denial.
Put the legal strategy and the numbers together
Fazzio Law can review the loan documents, servicing history, proposed terms, and foreclosure posture with you. Contact our New Jersey foreclosure-defense team to discuss your situation.
Educational workshops. Numerical examples are hypothetical, not loan offers or approval predictions. The governing program, written agreement, and current law control. Updated October 26, 2026.