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In Morris County, the sheriff's sale is going on as scheduled, Turkot said. Monmouth County officials didn't return a call for comment, but its website has a sheriff's sale scheduled for July 29.
Under the Community Wealth Preservation Program (A5664/S4240), New Jersey homeowners experiencing foreclosure, their next of kin, or tenants living in a foreclosed property would have “the right ...
The law takes effect as the inventory of single-family homes for sale in New Jersey has plummeted since the pandemic, from nearly 42,489 in June 2019 to 14,801 in June 2024, or 65%.
The Fair Foreclosure Act (FFA), N.J.S.A §§ 2A:50-53 to 2A:50-73, is a state law that protects residential mortgage debtors and establishes a uniform statutory framework under which courts can more clearly identify the rights and remedies of the parties involved in foreclosure proceedings throughout New Jersey. [1]
Private property may be sold in a public auction for a number of reasons. It may be seized through a governmental process to satisfy a judgment rendered by a court or agency, or to liquidate a mortgage foreclosure, tax lien, or tax sale. Usually, prices obtained at a public auction to satisfy a judgment are distressed – that is, they are much ...
Morris County is a county located in the U.S. state of New Jersey, about 30 mi (48 km) west of New York City.According to the 2020 census, the county was the state's tenth-most populous county, [3] with a population of 509,285, [4] [5] its highest decennial count ever and an increase of 17,009 (+3.5%) from the 2010 census count of 492,276, [6] which in turn reflected an increase of 22,064 (+11 ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments