New Jersey’s Foreclosure Process Moves Fast—Here’s What You Need to Know
If you’ve missed a few mortgage payments, you may be wondering how much time you really have before the bank takes your home. I’m going to walk you through the foreclosure process in NJ—step by step—so you know exactly what’s happening and what you can still do about it. But I’m telling you right now, the clock is ticking.
Every notice, every deadline, and every court filing is designed to push your home closer to foreclosure—and ultimately to auction—faster than you think.
But here’s the truth most people don’t realize:
You still have options.
🚨 It All Starts With Missed Payments
Let’s say you fall behind on your mortgage. Around 30 days late, you’ll start receiving letters from your lender warning you that your account is delinquent. These letters will keep coming—like clockwork—every month.
Once you hit 120 days past due, you’ll get a Notice of Intent to Foreclose. That’s not just another letter—it’s your final warning before the lender files a lawsuit to take your home.
📆 Timeline of Foreclosure in NJ:
Let’s break it down:
- Day 120: Lender files a Lis Pendens in court (that’s a public lawsuit against your property).
- Day 130–150: You’ll be served with a Summons and Complaint—that’s the official legal action to foreclose on your home.
- Day 185+: If you don’t respond—or if you lose your case—the lender files for Final Judgment.
- Day 250+: The court issues a Writ of Execution, allowing the sheriff to schedule a foreclosure auction.
- Auction Day: Your home is sold to the highest bidder—or taken back by the bank if no one bids.
- After Auction: Whether it’s an investor or the bank, eviction proceedings begin.
🎯 You Still Have Options—But Timing Is Everything
Most homeowners don’t take action until it’s too late. That’s a mistake.
Here are just a few options that might be available if you act now:
- Loan Modification
Change your mortgage terms—lower your payment or interest rate—before the foreclosure progresses. - Forbearance Plan
Temporarily pause payments if you’re experiencing a short-term hardship. - Repayment Plan
Spread out missed payments over time—but be careful—missing even one could restart foreclosure. - Sell Your Home
If keeping the home is no longer realistic, selling now could protect your equity before fees and penalties eat it all up.
There are other paths too, including bankruptcy, but not all of them are right for everyone. Some can do more harm than good if not handled properly.
⚠️ Foreclosure in NJ Moves FAST. Don’t Wait.
Too many homeowners wait until the sheriff shows up. By then, it’s nearly impossible to recover what you’ve lost—especially your equity.
If you’re in foreclosure or even just behind on your mortgage payments, watch my full video where I walk through real options in plain English—no pressure, no judgment, just the help you need.
👉 Watch the full video on YouTube here »
(It could be the most important 10 minutes you spend today.)
📞 Need to talk to someone right away?
I’ve helped homeowners in foreclosure since 2008. Trust me—I know how overwhelming this can be. But you don’t have to go through it alone. Let’s figure out the best option together:
➡️ Call me now or
➡️ Schedule a free 15-minute Zoom consultation right here.
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Esphir Popilevsky NY & NJ Licensed Real Estate Broker NY: Supreme Home Sales, Inc. and
NJ: DreamLife Realty 44 Robin Ct. Staten island, NY 10309 O: 718.689.4737 / Direct: 917.579.4455 supremehomesales@gmail.com https://www.supremehomesales.com
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