Foreclosure Assistance Offered

Riverdale, NJ, December 19, 2008 --( Blue Realty GMAC, Asset Manager for the State of New Jersey Housing and Mortgage Finance Agency and Affordable Housing Manager for the State of New Jersey, is offering foreclosure assistance to NJ residents who are finding themselves challenged by the current economic environment impacting 1 out of 10 homeowners in New Jersey.

According to Charles Blumenkehl, president of Blue Realty GMAC, “Tens of thousands of homeowners across New Jersey are facing challenges that are outside of their control and threatening their family’s security. We understand that bad things can happen to good people, and we also understand the options available to homeowners in working out their individual dilemmas. We work with the homeowner to assist them in negotiating loss mitigations, deficiencies and other forms of loss mitigation that will allow them to maximize their benefit in working out their loans.”

Blumenkehl continued, “The recently enacted Hope For Homeowners Mortgage Program, the announcement by several major loan servicers to modify delinquent mortgage terms, incentives offered under the Bush bailout package to lenders offering new mortgages to parties in foreclosure, reducing balances to reflect current market values, and other emerging programs, provide homeowners with options they never had before, the ability to keep their homes, create new equity and be forgiven for prior debt, create a tremendous opportunity for us to assist homeowners in turning a bad situation into a good one. We will strive to use our deep roots, knowledge and resource in this area, to support our clients in sorting through their options and assist them in the disposition of their real estate needs.”

Blue Realty GMAC is the largest independently owned brokerage in the New Jersey GMAC network. For information about Blue Realty GMAC, including office locations and information about its mortgage, title and insurance agencies, log onto the company website at, or call the company toll free at (800) 936-SOLD/7653. For more information about foreclosure assistance, log onto

Blue Realty
Charles Blumenkehl