Foreclosure Stages in New Jersey

There are different stages of Foreclosure.

Here is an overview of the stages of what an homeowner goes through in a typical foreclosure:

  • Homeowner struggles with paying their mortgage
  • Homeowner stops making mortgage payment (Pre-Foreclosure)
  • Bank Files Lis Pendens (Foreclosure Starts)
  • Homeowner has various options
    • Loan Modification
    • Short Sale
    • Deed-in-Lieu
    • Other options not discussed here
  • Property goes to Sheriff Sale / Auction

If you are saying to yourself “I need to sell my home or house fast in New Jersey or New York” … we can help you.

Are you in a situation where you are saying to yourself “I need to short sale my house or home in New Jersey or New York” … we can also help you review your options.

Call us now at 201-297-6965 and we look forward to helping you. For More Info

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