Attorneys

New Jersey Foreclosure FAQs

• Q: Does New Jersey Law Allow for a Redemption Period After a Foreclosure?
  A: While there is a right of redemption in New Jersey, the time frame for a borrower to redeem the foreclosed property is extremely limited. A borrower may only … More
• Q: Where and When do Foreclosure Sales Take Place in New Jersey?
  A: The public is made aware of the date, time and location of a property foreclosure sale in New Jersey via the published Notice of Sale. State law does not require … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in New Jersey?
  A: All New Jersey property foreclosures occur through the superior court in the county where the property is located. A lender must file a lis pendens that notifies … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in New Jersey?
  A: Yes, a lender may have the right to sue the borrower for any amounts owed on the original loan that are not satisfied by the foreclosure sale. The lender has … More
• Q: How Can a Lender Foreclose on a Property in New Jersey?
  A: In New Jersey, a lender must file a complaint against the borrower in superior court in order to begin the foreclosure process. If the court determines that the … More
• Q: How Long Does the Typical Foreclosure Process Take in New Jersey?
  A: It is difficult to estimate the amount of time that it takes to foreclose on a New Jersey property. All New Jersey foreclosures occur through the court system … More
• Q: Can I Keep My Home If I File Bankruptcy in New Jersey?
  A: New Jersey does not provide homeowners with a specific homestead exemption. That means that unsecured creditors can be paid with almost all of the equity in a … More

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