We have been in our home for nearly 2 years waiting for the foreclosure process to wind it's way. Contact a good attorney. You can keep them off for a LONG time with proper advice.
If it is purchased, in the state of NJ, the tenant has a 10 Day RIGHT OF REDEMPTION. This means the tenant can borrow the money form somewhere to get current. If that does not happen, then the deed for the house is delivered to the BUYER (private individual or the Bank). Then, the OWNER starts the Eviction process, just as if the tenant has missed 3 payments......the Owner must go to court to apply for eviction - it's a pretty long process.
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