New Jersey Statutes 2A:50-9. Judgment on bond not to open foreclosure and sale; right of redemption
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Terms Used In New Jersey Statutes 2A:50-9
- 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
The recovery of a judgment in an action pursuant to section 2A:50-8 shall not open the foreclosure and sale of the mortgaged premises or result in any right of redemption.
Amended by L.1979, c. 286, s. 8.