What are the procedures in new jersey after a sheriff sale?

Diane
Diane
Home Seller
07042

Sun Nov 1 2009, 17:52 - Foreclosure in 07042 - 3 answers
Helpful
 (0)  
Email Alerts
Send to a friend
Save
Report  
Answers (3)
Laura Giannotta
Laura Giannotta
Agent
New Jersey

This link on foreclosures in New Jersey might be helpful...

http://www.foreclosureuniversity.com/studycenter/foreclosure…

Laura Giannotta
Keller Williams Realty - Atlantic Shore

Mon Nov 2 2009, 02:40
Helpful
 (0)
Link to this answer
  Report
Orin Mingo
Orin Mingo
Agent
Montclair, NJ

Diane it's a situation whether you want to keep your property or sell it , for more details call me at 973-477-9199

Sun Nov 1 2009, 21:40
Helpful
 (0)
Link to this answer
  Report
Marsha Bowen-wa...
Marsha Bowen-wa...
Agent
07039
FIRST ANSWER

Hi Diane,

After a sheriff sale, the homeowner has a 10 day redemption period to reinstate the loan for the property from the lender in court. If that doesn't happen, then the bank will officially take over the deed to the property and seek to have the occupants of the property evicted.
Please feel free to contact me if you have any further questions.

Hope this helps.


Marsha Washington
Realtor/Real Estate Consultant
NFMC - Foreclosure Mitigation Counselor
Coldwell Banker Residential Brokerage
2 E. Mt. Pleasant Avenue
Livingston, NJ 07039
Marshahelpinghomeowners@gmail.com

Sun Nov 1 2009, 18:12
Helpful
 (0)
Link to this answer
  Report

Didn’t find what you were looking for? Ask a question!

More Q&A about Foreclosure in 07042

View all »
Joshua Durrin, Real Estate Pro in Roseville, CA
what is the difference between an real estate agent and broker?
Answered Sat May 30 2009, 08:52 by Joshua Durrin in 07042
Read all 7 answers
Guillermo Mo…, Real Estate Pro in
Looking to put a bid on a luxury home that was forclosed after 15 months on the market. The bank has owned
Answered Thu May 28 2009, 21:24 by Guillermo Monter in 07042
Read all 3 answers
Harrison K.…, Real Estate Pro in Irvine, CA
Is a backup offer on a foreclosed (bank owned) property worthwhile?
Answered Wed May 27 2009, 12:51 by Harrison K. Long in 07042
Read all 11 answers
View all Foreclosure questions and answers in 07042 »
Search Advice
e.g., "foreclosure", "short sale", "mortgage"
e.g., "San Francisco, CA", "New York, NY"
SEARCH
Foreclosure Center
Find the latest articles and answers on foreclosure properties! More »

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 37
Map these properties
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback