New Jersey Foreclosures - 126,440 Foreclosure Listings

Foreclosure Homes in New Jersey

There are currently foreclosed homes listed in New Jersey. Why should you consider buying a foreclosure property in New Jersey? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in New Jersey when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in New Jersey, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in New Jersey that you want to look for a property below. Then search through all distressed real estate listings in New Jersey for the amazing deal that’s right for you.

New Jersey Foreclosure Laws

New Jersey uses a judicial foreclosure system, so lenders must file a court case before foreclosing. Because everything goes through the court, New Jersey foreclosures are often among the slowest in the country. The process can take a long time from filing to sale. Deficiency judgments may be allowed after the sale if the property sells for less than the balance owed.

Foreclosure Type Process

Judicial
Mortgage Instrument Security Type

Mortgage. Deeds of trust are not customary.
Typical Timeline Duration

9-18+ months
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

No general post-sale redemption.
Process Summary

New Jersey requires judicial foreclosure. The process involves court litigation and can be lengthy before a sheriff’s sale occurs.
Notice / Timing Statute

New Jersey Statute § 2A:50-53 et seq. (judicial foreclosure process)
Redemption Statute(s)

New Jersey Court Rule 4:65-6 (objections within 10 days of sale)
Deficiency Statute(s)

New Jersey Statute § 2A:50-2 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in New Jersey

To buy a foreclosure in New Jersey, locate sheriff' sale lists, MLS, and court foreclosure dockets. New Jersey' judicial foreclosure includes redemption rights. Have financing ready well before sale. Conduct title and condition research. Bid at the sheriff' sale and complete transfer steps.

What type of foreclosure is used in New Jersey?

The type of foreclosure in New Jersey is Judicial

Is there a redemption period in New Jersey?

No general post-sale redemption.

Are deficiency judgments allowed in New Jersey?

Deficiency judgments permitted in New Jersey

How do you buy a foreclosure in New Jersey?

To buy a foreclosure in New Jersey, locate sheriff' sale lists, MLS, and court foreclosure dockets.