Legal Question in Real Estate Law in New Jersey

Property owned In New Jersey

Hello. My boyfriend and I own property in New Jersey, Cape May County to be exact, and the Condo Campground where we have the property is threatening foreclosure on a approimately 2,000.00 dollar debt. As far as I am aware, it is condo fees that we owe to the campground.

We are not saying we don't owe the money, but what we are saying is over such a relatively small amount of money, they are willing to foreclose, and it just seems ridiculous to me. Do we have any legal recourse here? My boyfriend and I are both totally disabled, and are on a very tight fixed income.

Is there any way we can stop the foreclosure by making smaller monthly payments than they want? We do not want to lose this property, as we will eventually wish to sell it.

We currently live in Pennsylvania.


Asked on 8/27/08, 7:13 am

1 Answer from Attorneys
John Corbett Corbett Law Firm LLC

Re: Property owned In New Jersey

If foreclosure is a contract right of the creditor, there is no obligation to accept another remedy following a default. You should also be aware that if there is a foreclosure, you will become liable for the costs. So it would be best if you could settle the debt.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 8/27/08, 10:46 am


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