State and federal judges in New Jersey are putting mortgage foreclosures under greater scrutiny, not letting them go forward without timely possession of the note in a pair of recent decisions.
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State and federal judges in New Jersey are putting mortgage foreclosures under greater scrutiny, not letting them go forward without timely possession of the note in a pair of recent decisions.
On Nov. 16, a bankruptcy judge in Camden disallowed a proof of claim on a mortgage because the party seeking to enforce it did not acquire the mortgage note until after the claim was filed. The same day, the state judiciary published a trial court ruling to the same effect.
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