Legal Question in Real Estate Law in New Jersey

Re: Foreclosure

Based only on what you have said, no.

However, you really must get a lawyer to help you. The foreclosure can be avoided in several ways, and you may be able to save the house, or at least save the value (equity) of the house.

If you would like, give me a call; I am in northern New Jersey. The telephone consultation will be free. I would be happy to help you out.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

Disclaimer: you can not rely on the advice of an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

Re: Foreclosure

The lender cannot automatically levy against other assets simply because of the foreclosure. However, if the lender has a judgment against you, it may have other remedies including the right to levy against bank accounts.

You should discuss your situation with a lawyer in order to protect your rights.