Halo buys NJ Homes and renovates them like this craftsman style home

Can You Get Your House In New Jersey Back After Foreclosure?

If you’re facing the possibility of foreclosure in the future, perhaps you are wondering can you get your house in New Jersey back after foreclosure. After all, you need a place to live!

Unfortunately, after the court rules in the favor of your lender and agrees with the lender to proceed with foreclosure, it is very hard for you to get your house back.

Instead of wondering can you get your house in New Jersey back after foreclosure, here’s another option…

The good news is, if you’re not in foreclosure yet, you have options.

The first and best option is to pay off your mortgage or work out a payment plan with your lender. They’ll prefer to keep you in your house and instead just collect the money owed to them.

If that’s not an option for you at this time then you may decide to do what a lot of homeowners facing foreclosure are choosing to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.

While not an ideal option (because you’ll have to give up your house), it’s still a preferable option to foreclosure because you’ll have cleared up your debt to the bank and you won’t have the long-term impact to your credit score that a foreclosure would have.

This option is proactive and long-term, which is why homeowners facing foreclosure love it: it’s proactive because you’re taking control of your financial situation; it’s long-term because you’re accepting the short-term discomfort of selling your home in exchange for the long-term benefit of a better credit rating.

Here’s a secret to selling your New Jersey area home fast so the bank can’t take it

You could work at trying to find a buyer to take your home. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer, there are many companies that can do this for you. Companies like Halo Homebuyers will buy the house from you at a reduced price, and very quickly.

Simply fill out our form and tell us about your house, or just call us at (908) 547-0404 and let us know that you want to sell fast.

jfaccone333

Jonathan Faccone is a full-time real estate investor and developer. He is the Managing Member of Halo Homebuyers, a real estate home buying company based in Bridgewater, New Jersey and buying real estate throughout New Jersey and Eastern Pennsylvania.  The Halo team collectively has over 30+ years of experience in real estate development, investment, design, and brokerage. 

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