What is the NJ foreclosure process?
The NJ foreclosure process is guided by the fact that New Jersey is a “judicial foreclosure” state. Click here to download this guide to learn more.
NJ Foreclosure Process 2016
This means that all foreclosure actions must be prosecuted by attorneys before judges in the court system.
This structure is intended to impose a level of due diligence on lenders and assure an accurate disposition on the merits of a lender’s claim. The result however, is a bloated legal field that incentivizes cutting corners and rushed, even if not prompt, resolutions.
This is why a proper foreclosure defense is so important. The homeowner is the only person who understands their situation and truly cares about their home. Therefore they must be the one to stand up for their rights.
The problem for many individuals is that the system is confusing, complicated, and overwhelming. The average homeowner is not a legal expert, nor do they truly have the resources to understand a growing and nuanced area of the law. The internet is rife with foreclosure defense theories – some of which worked in 2007, some of which work now, some that work in other states, and some that never had a shot. The key to asserting a proper defense is understanding your rights, your lender’s obligations, how the court system works, and the rules, statutes, and case law that control everything.
The following pamphlet attempts to summarize that information based on our representation of hundreds of foreclosure clients in New Jersey over the course of the last eight years. The pamphlet outlines the anticipated foreclosure process when you retain the attorneys at Denbeaux & Denbeaux for your foreclosure defense. This outline does not hold true in every case, nor are the timelines suggested guaranteed. Rather, we offer this information to hopefully provide some clarity as your case progresses.
If you are in New Jersey and are looking for help with foreclosure, call Denbeaux & Denbeaux at (or fill out their online form for a FREE Case Evaluation. Let the lawyers and staff at Denbeaux & Denbeaux serve you!
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opps, thats “alleged” not “alled” and not #30040K” but $340K equiy. Nelson Nooz Network apologizes for typos as he has sight problen and is an old 77 yr old geexer disabled vet
Fine if the Federal Ct judges obey the law set forth in 1968, TILA. Oregon is a Judicial state but I know first hand of a Portland Oregon Federal Court Judge that disregards TILA and hands pro se victims property away to alled criminal companies lije OCWEN and their side kick HSBC and, oh yes American Home Mortgage Servicing, Inc 2013 HSBC/OCWEN/AHMSI vs Nelson. With the courts blind eyes towards TILA these 3 low life companies stole Nelsons #30040K equity! No BS