If you have been served with a foreclosure lawsuit in New Jersey, it is important to take immediate action to protect your rights and explore your options. Here are some steps you should consider taking:
- Contact an Attorney: A specialist in foreclosure defense can help you navigate the court system and represent you if necessary.
- Review the Foreclosure Complaint: Ensure you understand the allegations against you.
- File an Answer to the Complaint: You have 35 days from being served to respond to the foreclosure complaint.
- Explore Loan Modification Options: Negotiate with the lender for more affordable mortgage payments.
- Consider Bankruptcy: This can temporarily stop the foreclosure process and provide time to reorganize debt.
- Explore Alternatives to Foreclosure: Including a short sale or deed in lieu of foreclosure.
- Understand Your Statutory Right of Redemption: Know your rights to redeem the property after foreclosure sale.
The foreclosure process in New Jersey can be complex, so seek legal help promptly to protect your rights and explore your options.
If you are interested in learning more about the foreclosure process in New Jersey, or if you have any related questions, call Friscia & Associates today at (973) 500-8024 or (212) 960-8308, or submit your contact information online for direct assistance.
