Press Statement
| For Immediate Release | Contact | Phone |
| January 8, 2009 | Phyllis Salowe-Kaye, Executive Director, NJCA |
973-643-8800 |
Mortgage Foreclosure Mediation Program
"This is one more tool we can put in the tool chests that our housing counselors use as they try to prevent thousands of New Jersey home owners from losing their homes due to foreclosures," stated Phyllis Salowe-Kaye, Executive Director of New Jersey Citizen Action.
NJCA is New Jersey's largest HUD certified counseling agency and a major partner in the State Mortgage Foreclosure Mediation Program. "This program gives homeowners in crisis the ability for a 'time out' that stops the foreclosure action and provides them with the opportunity to meet with a counselor and attempt to put a workout plan in place with impartial mediation provided by the state of New Jersey."
"By focusing on people before they reach the end of the line and providing resources that put the court system at the disposal of a homeowner looking to renegotiate with lenders, this program has the potential to help thousands of folks facing foreclosure save their homes," concluded Phyllis Salowe-Kaye.
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New Jersey Citizen Action is the state's largest independent citizen watchdog coalition with more than 60,000 members and over 100 affiliated labor, senior, disability, tenant, housing, environmental, women's civil rights, faith based, civic and community organizations. For more information about NJCA, visit our website at www.njcitizenaction.org.
