Delaying The Foreclosure Action In New Jersey
In New Jersey there are four stays, also known as adjournments, pursuant to which a Sheriff’s Sale, following the successful prosecution of a foreclosure action, can be delayed. The borrower is entitled to two of the four stays, and the lender is entitled to the remaining two stays. Each such stay entitles the exercising party with the right to delay a Sheriff’s Sale for a two week period. Additional stays may be available in certain specific circumstances, but such additional stays require a Court Order. Often a foreclosure defense attorney can assist homeowners seeking to stay or contest a scheduled Sheriff’s Sale.
If you have any questions regarding foreclosure or Sheriff’s Sale, or if you have any other related questions call us today at (973) 500-8024 or (212) 960-8308, or contact us online and we can contact you directly.