New Jersey Statutes 2A:50-19. Sale of mortgaged premises by sheriff or other officer
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Terms Used In New Jersey Statutes 2A:50-19
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
In all foreclosure actions the sheriff or other officer directed to sell mortgaged premises shall make such sale and report thereof and execute such conveyance as the court shall order and direct.
L.1951 (1st SS), c.344.