A5138 — Provides forbearance of residential mortgage foreclosures under certain circumstances; places additional requirements on attorneys, residential mortgage lenders, and courts, as part of foreclosure process.

A5138 — Provides forbearance of residential mortgage foreclosures under certain circumstances; places additional requirements on attorneys, residential mortgage lenders, and courts, as part of foreclosure process. · Informed CitizenryThis bill amends New Jersey law regarding residential mortgage foreclosures by establishing a six-month forbearance period for borrowers with 'high risk' mortgages. Upon a borrower's written reques…Open in Informed Citizenry