Per Executive Order no. 106 signed by Governor Phil Murphy, the County Sheriff’s Offices should not be proceeding with any Sheriff Sales or evictions at this time. The order provides no end date except to say that it shall end 60 days after the declared State of Emergency, or the current Public Health Emergency, shall cease, whichever is earlier.
According to the bill, private lenders are still able to pursue foreclosure during this time, but will not be able to carry out a sheriff sale or evict tenants until the order is lifted.
Governor Murphy has said “in the strongest possible terms” that New Jersey banks and mortgage lenders should “do what they can for their mortgage customers to make loan repayment much more flexible in coming weeks and months.” Homeowners can still apply for loan modifications during this time.
On a federal level, Fannie Mae, Freddie Mac, and FHA loans are on hold. The Federal Housing Finance Agency has suspended foreclosures and evictions from Fannie Mae and Freddie Mac for at least 60 days.