No, there’s a common misconception that you must vacate your property as soon as a foreclosure lawsuit is filed by the lender. This is not accurate. In New Jersey, the foreclosure process typically spans several months before eviction becomes necessary. You only need to leave when you receive a formal notice from the Court or Sheriff mandating your departure.
You do not have to leave until you receive an eviction notice from the Court or Sheriff. Following a Sheriff Sale, the new property owner must obtain a Writ of Possession to legally compel you to vacate the property. This Writ authorizes the Sheriff to carry out the eviction. It’s important to note that the new owner cannot simply change the locks; they must follow the legal process. However, it’s advisable not to wait until the Sheriff arrives for eviction. At that point, they will physically remove both you and your possessions from the property.