Search Site
Menu

NJ Foreclosures On The Rise: Finding Relief As COVID Programs Expire

When the Covid-19 pandemic struck, the State of New Jersey began offering a variety of relief programs to those struggling as a result of the pandemic. Some of these programs were designed specifically to help homeowners avoid foreclosure. Programs like Emergency Rescue Mortgage Assistance (ERMA) and the foreclosure moratorium, among others, were successful in preventing countless families from losing their homes.

However, most of these programs have now ended or will be ending soon. Understandably, many are left wondering what impact these will have on local homeowners and what options will be available to those still facing financial hardship.

NJ Foreclosures Spike As COVID Relief Expires

Foreclosures in New Jersey are increasing sharply. The last two quarters mark a rise not seen since before the pandemic wherein foreclosures had been trending down since late 2013.

According to data obtained by the State of New Jersey Department of Banking & Insurance, the surge began in Q4 of 2021 and is attributed (unsurprisingly) to the State’s lifting of the foreclosure moratorium as of November that same year.


NJ Foreclosures Options Dwindle Causing Spike


Granted, the post-moratorium spike was largely anticipated. However, our state now has the second highest foreclosure rate in the nation according to Yahoo! Finance’s report analyzing July 2022 data.

With foreclosures projected to reach pre-pandemic levels by the end of this quarter, many residents are left wondering what options might be available to them in attempt not to lose their home.

Fortunately, there are still viable alternatives to foreclosure available. Options that – when executed correctly – can help struggling New Jersey residents alleviate their financial hardships and still stay in their home.


Foreclosure Alternatives In New Jersey

If you are facing foreclosure, it is important to seek legal assistance. A licensed attorney who specializes in this area can offer counseling on relief options and will make sure that you exercise every option available to save your home. Most attorneys in this area of the law, including our firm, offer free consultations to review these options. Since many of the relief programs will be ending soon, it is important to consult with an attorney now.

Speak to a proven New Jersey attorney now
Call 856.238.5183 or click to schedule your consultation
  • 5-Star Review

    Posted On Lawyers.com

    "We came to the office upset, concerned and profoundly unsure of what to do. Mr. Hoffman sat with us, explained options, reassured us and told us he would be there for us. He more than delivered on that commitment. If you are considering a legal firm, go no further, Hoffman-DiMuzio needs to be your choice."

    SEE ALL REVIEWS
  • 5-Star Review

    Posted On Lawyers.com

    " Joe Hoffman is amazing. We cannot say enough about how well we were treated from the moment we sat down until the positive resolution! Stellar customer experience!"


    SEE ALL REVIEWS
  • 5-Star Review

    By Renee Zagarella

    "Wonderful, knowledgeable, kind, and informative! Within days following my free consultation, I was provided with an overview of my appointment with helpful information about my case. I truly appreciate the recommendation I was given at this firm."

    SEE ALL REVIEWS
  • 5-Star Review

    By Anita Campana

    "I was so very impressed with Hoffman DiMuzio from the moment I walked in. Everyone I had come across was so professional and courteous."


    SEE ALL REVIEWS
  • 5-Star Review

    By Mike W

    "Hoffman DiMuzio is a top notch firm. Their attorneys and staff are extremely knowledgeable and go above and beyond for you. I recommend them to everyone in need of legal service."

    SEE ALL REVIEWS
  • 5-Star Review

    By Harry McCormick

    When my significant other was falsely accused of committing a crime, there was only one place to turn. that place was hoffman dimuzio.

    SEE ALL REVIEWS
  • 5-Star Review

    Posted On Google

    "Joe Hoffman Jr took on our case and fought tooth and nail for us. Exposing the truth and serving justice for us, we felt completely vindicated. For any legal matter, criminal, traffic or otherwise, they gained two very satisfied life long customers! Thank you Mr Hoffman!"

    SEE ALL REVIEWS
Joseph J.  Hoffman, Jr. Attorney Photo
Joseph J. Hoffman, Jr.
Senior Partner

For more than 40 years, Mr. Hoffman has protected the interest of his clients through diligence and hard work on legal matters, both large and small. An honors graduate of Rutgers University Law School and a native of Gloucester County, Mr. Hoffman has won numerous accolades for excellence in the practice of law.

Kenneth A. DiMuzio, Sr. Attorney Photo
Kenneth A. DiMuzio, Sr.
Senior Partner

An attorney with over 45 years of professional experience, Mr. DiMuzio concentrates his practice on personal injury and workers’ compensation matters. A graduate of Georgetown University Law School and a native of Gloucester County, Mr. DiMuzio has been honored time and again for his professionalism and ethics in the practice of law.

Ernest L.  Alvino, Jr. Attorney Photo
Ernest L. Alvino, Jr.
Attorney

Ernest L. Alvino, Jr. About Ernest L. Alvino, Jr. concentrates his practice in the area of workplace injuries; construction accidents; product injuries; trucking accidents; auto injuries; medical negligence and crime victim advocacy. Ernie is a lifelong Gloucester County resident, living in Mullica Hill with his wife and children. Ernie worked his way through school as…

Anooshay Asim Attorney Photo
Anooshay Asim
Attorney

About Anooshay Asim Ms. Anooshay Asim is a family law attorney with The Law Offices of Hoffman DiMuzio. Her practice is focused on divorce and child custody matters. Prior to joining Hoffman DiMuzio, Ms. Asim was an avid traveler and had even lived in numerous cities across the United States as well as internationally. Her…

Jeremiah J. Atkins Attorney Photo
Jeremiah J. Atkins
Attorney

Jeremiah J. Atkins About Mr. Atkins joined the firm of Hoffman DiMuzio in February 2010. Mr. Atkins’ practice covers a wide variety of employment-related matters before New Jersey State and Federal courts and administrative agencies, with a focus on discrimination, retaliation, sexual harassment, family leave and whistleblowing claims. Mr. Atkins also regularly represents the interests…

  • Imagine... One law firm, for life.


    New Jersey attorneys for all legal matters

    For all life's stages. For all South Jersey.

Six convenient locations


We'll meet at the office nearest you

  • Franklinville
    Lawyers Near Franklinville
  • Turnersville
    Lawyers Near Turnersville
  • Mullica Hill
    Lawyers Near Mullica Hill
  • Woodbury
    Lawyers Near Woodbury
  • Sewell
    Lawyers Near Sewell
  • Philadelphia
    Philadelphia Office
  • /AV Preeminent
    Top Attorneys NJ
    Best Lawyer Award
    Best Trial Lawyers
  • Best Lawyer Award
  • Best Attorneys NJ
  • Top Law Firm Near Me Award
  • Top NJ Lawyers
Take action now by filling out the form below

Submitting this form does not create an attorney-client relationship, but a lawyer from our firm will contact you as soon as possible.

Quick Contact Form