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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.
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%.
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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]
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 ...
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 ...