This can be a beneficial program for the state of NJ. I only have one thing to say, " I hope they really thought this through" $112 Million is a lot to put up when most foreclosing homes have negative equity.

Starting in 2011, unemployed and underemployed homeowners can apply for help through the New Jersey Home Keeper program.
The program will provide a zero percent interest rate and deferred-payment mortgage loans to homeowners in danger of losing their homes through no fault of their own

http://abclocal.go.com/wabc/story?section=news/local&id=7686892

NJ Home Keeper Program http://www.state.nj.us/dca/hmfa/home/foreclosure/homekeepers.html