Home Buying in Phillipsburg>Question Details

Worried, Renter in Phillipsburg, NJ

How do I find out if the property I am renting is in forclosure. If it is an the bank takes it what happens to my lease?

Asked by Worried, Phillipsburg, NJ Tue Jun 12, 2012

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in nj if the bank is foreclosing you as the tenant can stay in the property but MUST continue to pay the rent to the bank ON TIME. In nj no one gets to kick you out of your rental simply because they want to. YOU must give the reason why. so pay your rent and maintain the place reasonably as in dont leave trash all over etc and you get to stay... if you do something simple like leaving trash all over, that is enough grounds to say that you are a health hazzard and they will move to get you OUT.
0 votes Thank Flag Link Wed Sep 12, 2012
You can visit the Warren county sheriff website and check the sheriff sale schedule. If it's not listed then you can also visit the county clerk's office to find out if a foreclosure has been filed in the chancery court division.
0 votes Thank Flag Link Tue Jun 12, 2012
In NJ, the only way a Bank can foreclose on property is through a Sheriff Sale.
Log on to your county Sheriff's website. They will have a section for on the website with all the properties listed, the date of the sale and the status. If it is not there, you have some time.
0 votes Thank Flag Link Tue Jun 12, 2012
Along with what Alex said the county or city will hang notices on the house saying it is in the process of foreclosure and list court and auction dates once the papers have been filed. If you live there you will see copies nailed next to the doors sometime if it going to auction.
0 votes Thank Flag Link Tue Jun 12, 2012
You can find out if the property is in foreclosure, by looking at the property county records. Some are available online, others - you need to go to their office. Look for "Lis pendens".
http://www.realestateproarticles.com/Art/9292/265/Foreclosur…

If bank takes over, they still will obey existing lease:
http://www.lsnjlaw.org/english/placeilive/irentmyhome/tenant…

This is not a legal advise.
0 votes Thank Flag Link Tue Jun 12, 2012
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