New Jersey Statutes 2A:50-26. When provisions of sections 2A:50-6 and 2A:50-7 applicable to action
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Terms Used In New Jersey Statutes 2A:50-26
- 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
Whenever the bringing of any action specified in section 2A:50-22 of this title shall revive the right to redeem the mortgaged premises and shall open the foreclosure and sale of the mortgaged premises, under section 2A:50-4 of this title, the provisions of sections 2A:50-6 and 2A:50-7 of this title shall be applicable to such action.
L.1951 (1st SS), c.344.