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Eminent Domain and Real Estate Valuation Blog Condemnation and Real Estate Litigation

NJ Expedites Foreclosure Process For Abandoned Homes

Posted in Valuation

New Jersey has adopted a process which may expedite foreclosures on vacant and abandoned residential properties. Under this procedure, vacancy and abandonment must be established by clear and convincing evidence. In that case, a mortgage holder may be able to obtain a judgment and get to a sheriffs sale in 120 days. That is much quicker than using more traditional methods.