To find foreclosure assistance in your area:

New Jersey Foreclosure Laws

Foreclosure Resources

Foreclosure Resources

Foreclosure Laws

UNITED STATES
FORECLOSURE LAWS

Foreclosure News

UNITED STATES
FORECLOSURE NEWS

Glossary of Terms

GLOSSARY
OF TERMS

To find foreclosure assistance enter
your Zipcode and click the button



Call Now! 1-800-365-9023
Foreclosure Resources

New Jersey Foreclosure Law SummaryNew Jersey Foreclosure Law Summary

Stop New Jersey Foreclosure

New Jersey Foreclosure Law - Stop New Jersey Foreclosure


Quick Facts

-  Judicial Foreclosure Available: Yes

-  Non-Judicial Foreclosure Available: No

-  Primary Security Instrument: Mortgage

-  Timeline: Typically 90 days

-  Right of Redemption: Yes

-  Deficiency Judgments Allowed: Yes

In New Jersey, lenders may foreclose on a mortgage in default by using the judicial foreclosure process.

Judicial Foreclosure

Generally, in judicial foreclosure, a court decrees the amount of the borrowers debt and gives him or her a short time to pay. If the borrower fails to pay within that time, the clerk of the court then advertises the property for sale.

Once the process begins, a foreclosure notice must be: 1) posted in the county office of the county where the property is located; 2) posted on the property in foreclosure; and 3) published in two (2) newspapers in the county. The lender must also notify the borrower at least ten (10) days prior to the foreclosure sale.

It is possible for the lender to obtain a deficiency judgment and borrowers have a right to redemption and/or objection within ten (10) days after the sale.

More information on New Jersey foreclosure laws.

Main Pages

Resources

About Us

Contact Us