A Cherry Hill owner may have real equity and still fall behind on a mortgage after a job loss, illness or divorce. New Jersey's process gives them time, but not unlimited time. The lender must send a Notice of Intent to Foreclose, a court complaint follows, and the homeowner generally has 35 days to answer. Missing a deadline can cost options you still have.
No obligation. We respond within 24 hours.
Kaizen Home Buyers buys houses for cash as-is, with no repairs and no agent commission. If the equity is real, a sale can pay the loan and leave you cash. We make an offer within 24 hours and close in 14 to 30 days or on your date. A sale is not the only route, and we say so.
The New Jersey Courts foreclosure page says free foreclosure mediation is available to try to save your home. Court instructions say mediation is for owner-occupants of one to four family homes who live in the property as a primary residence, and that all borrowers must agree. A trained housing counselor helps with the request. Mediation does not itself stop the case, so keep answering papers while it runs.
The Camden County Sheriff's page says sales are held on the first and third Wednesday of each month at noon in Camden City Council Chambers. A winning bidder pays 20 percent of the bid immediately, and the balance is due within 30 days or the deposit is forfeited. The sheriff may grant up to two adjournments at the defendant's request, each up to four weeks. Adjournments cost $28 and must be requested in writing.
After final judgment, the Courts FAQ says the sheriff must advertise the sale for at least four weeks. The self-help page adds that the sheriff has 150 days from the writ of execution to auction the property. Once sold, the lender must seek a writ of possession for the court to have occupants removed. Those periods are the outer edges of your timeline, so confirm the real dates with the plaintiff's attorney. The Notice of Intent must also state the amount needed to cure, so compare that figure with your mortgage statement.
Send the address and whatever papers you have. We make an as-is cash offer and tell you honestly whether it likely clears the payoff. The title company orders the official figure, and your attorney checks it against the case calendar. If a sale date is days away, tell us that on the first call. Because many Cherry Hill homes are owner-occupied, mediation is worth a look at the same time as a sale quote.
We do not stop foreclosures, speak for you in court or give legal advice. A signed contract is not a court order. Keep following every notice, and talk to a housing counselor or foreclosure attorney about mediation or other ways to stay. If you want to price a sale, call 267-329-0084.
It depends on the case. The Courts say you have 35 days to answer the complaint and that the sheriff must advertise a sale for at least four weeks after judgment. Your court papers show the dates that matter.
The Courts' instructions describe owner-occupants of one to four family homes with the property as a primary residence who are not in bankruptcy, and all borrowers must agree. A counselor can check your facts.
The Courts FAQ lists a Motion for Surplus Funds, so there is a court process. Ask an attorney how it applies to your case.
If you have the time and equity, a listing may bring a higher price. If a sale date is close, a cash closing may be the only option that fits. Weigh both against your court dates.
General information, not legal or tax advice. Rules change; confirm details with the office or a professional.
No obligation. No fees. Just a fair offer from a local buyer.