Stopping the Sheriff Sale is the first step you must take in order to put a permanent strategy in place. If you stop the sale now, you still have options to remain in control of your situation.
The Benefits of Stopping the Sheriff Sale Include:
I desperately tried to get a loan mod, but kept being denied. I had been scammed by people who promised that they could help me. I thought that I had run out of options, but then the sheriff sale notice was nailed to my front door, and I decided to make one more call. With Todd Murphy's help I was able to stop the sale and save my home.
Joanne - Foreclosure Client
I was trying for months to get a loan modification but every time the bank told me I didn't qualify. Then we found Todd Murphy Law and filed a Chapter 13 Bankruptcy right before our home was sold at a sheriff sale. Wow! Were we glad we did. We were able to pay back all our missed payments over 60 months and started to pay our mortgage again right away. A Chapter 13 Bankruptcy saved our home when a loan modification could not.
Jack - Chapter 13 Bankruptcy Client
The Free Consumer Guide to Surviving Foreclosure will answer all of your questions, including:
How Do I Stop The Sale With An Adjournment From The Sheriff? (***We've included our Free Form to get your adjournment in the Consumer Guide***)
How Long Will It Be Before I Have to Move?
Can A Bankruptcy Stop The Sale?
How Do I Get Cash For Keys From The Buyer Of My Home?
I've prepared a guide for that too. If you want to learn more about foreclosure, how it works, and what options you have, you can visit www.toddmurphylaw.com/foreclosure.
An adjournment is lawyer-speak for temporarily stopping and postponing a court action or hearing. In a New Jersey foreclosure case, the plaintiff (your mortgage lender) is entitled to adjourn a sheriff sale as many times as it wants for any or no reason but the defendant (the home owner) is only entitled to two adjournments for any or no reason and only for two weeks each.
Once a lender or lien holder has a judgment in a foreclosure case against the home owner, it can then order your home to be sold at a public sale conducted by the Sheriff in your county and sold to the highest bidder. The proceeds of the sale are used to pay-off the lender and, if the bid price is high enough, all other liens on the property. And, in the rare event any money is left over, that surplus cash is paid to the home owner. The sale is conducted by the Sheriff’s office in the county in which the home is located usually on the same day each week. Interested parties appear at the sale and place live bids.
An adjournment can stop the sale; the lender (plaintiff) or homeowner (defendant) may ask the court to stop or adjourn the sale temporarily for any or no reason. But, the homeowner can only ask twice and each time the sale can only be adjourned for two weeks. The plaintiff or lender can ask as many times as he or she wants. In certain limited situations, the homeowner can ask the court for a further adjournment but it will only be granted for good cause such as there is a sale pending or you are about to be approved for a loan modification.
And bankruptcy can stop the sale. This is a powerful tool to (a) stop the Sheriff sale and (b) to bring your mortgage loan current which ultimately saves your home from foreclosure.
Todd Murphy Law has been helping people save their homes from foreclosure for over twenty years, and can help you too.
You may still be able to save your home from the sheriff sale, you must act quickly to find out all of the answers you need now.
You don't have a lot of time, you must act now if you want to save your home.
Todd Murphy Law Is Designated A Debt Relief Agency Under U.S.C. 528 | ToddMurphyLaw.com