Foreclosure Reinstatement Rights in New Jersey

In New Jersey, homeowners have the right to reinstate their mortgage before the final judgment of foreclosure is entered. This means you can cure any default on mortgage payments and de-accelerate the loan. To do so, you must pay the entire amount of arrears, including any additional fees and costs, by cash, cashier’s check, or certified check. The right to reinstate exists from the date of default until the entry of the final judgment.

The lender is required to provide written notice at least 14 days before applying for final judgment, detailing the amount needed to cure the default. If within 10 days of receiving this notice, the homeowner provides written notice of their ability to pay within 45 days, the lender cannot seek final judgment during that period. Reinstatement can only be exercised once every 18 months.

For detailed guidance and support on reinstating your mortgage in New Jersey and understanding your rights, contacting a legal professional is recommended. At Friscia & Associates, LLC, we’ve helped guide countless families through this process. Call us today at (973) 500-8024 or (212) 960-8308, or submit your contact information and we can contact you directly.