It is a formal written warning your lender must send at least 30 days before filing a foreclosure complaint. It is a warning, not a lawsuit.
Under the New Jersey Fair Foreclosure Act, this notice must tell you the amount required to cure the default. Curing the default during that window generally stops the process before a case is ever filed. Many homeowners receive this notice, assume foreclosure has already begun, and do nothing. That is a costly misreading, because this is the stage where you have the most control.
Three moves worth making the week an NOI arrives: check its arrears figure against your own records, because errors matter later; request a loss mitigation application from your servicer while approval odds are at their best; and book a free HUD-approved housing counselor. Nothing about this letter means you are losing the house. It means the clock has started and every single option is still open.
The free two-minute assessment turns general answers into your specific next step.
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Educational information, not legal advice. Your own court documents control your deadlines; a licensed New Jersey attorney can confirm what applies to your case.