Foreclosure Defense

New Jersey is a judicial foreclosure state. Before a lender can foreclose on a New Jersey home, the lender must get an official court order. The lender also must follow rules specified in the New Jersey Fair Foreclosure Act. It’s best to hire an experienced attorney to help deal with the legalities of a pending foreclosure.

You can contact a Livingston NJ real estate law firm to learn about your options. If you act quickly, you can possibly save your home. Gruber Schwartz & Posnock are real estate attorneys in Livingston ready to handle your foreclosure case.

The Beginning of Foreclosure

Missing three or more mortgage payments can trigger the foreclosure process. But technically, lenders can start foreclosure proceedings after one missed payment. In some cases, a lender can’t start proceedings until you’re more than 120 days late with your payment.

Foreclosure Notice

Before officially filing a foreclosure complaint, the lender must send you a notice. The foreclosure notice will come via certified or registered mail with a return receipt request. This ensures the lender that you have in fact received the notice.

The notice alerts you to the pending foreclosure. But it also provides you with a 30-day grace period in which to pay the debt. You can either pay the debt in full, make a payment arrangement with the lender, or allow the lender to go ahead with the foreclosure proceedings.

Contact an Attorney

For New Jersey residents, Livingston NJ real estate law firm attorneys can help in several ways. For example, an attorney can fight against your foreclosure in court. An attorney can also help you possibly avoid foreclosure by working out an agreement with the lender.

Foreclosure is a serious life-changing event. It will affect your living situation, your personal life, and hurt your credit score. Contact an attorney as soon as possible to discuss the specifics of your foreclosure case. Gruber Schwartz & Posnock are real estate attorneys in Livingston skilled in dealing with foreclosure cases.