New Jersey foreclosure

The New Jersey foreclosure process is judicial. This means that the court system is used to carry it out. As in other judicial foreclosure processes, in New Jersey the lender files a lawsuit to get the process started.

The judge will determine how much needs to be paid to bring the loan current. You, the borrower will then be given a bit of time to pay. If you don't pay in the time alloted, then the clerk of the court will begin the sale process.

The judicial foreclosure process in New Jersey requires that the following procedures be followed in order to carry out the sale:

1. A foreclosure notice must be posted at the courthouse of the county where your property is located; It must also be posted at the property.


2. This same notice must also be advertised in two newspapers of that county.


3. At least 10 days before the sale is to take place, you, the borrower must also be notified of the sale.