In a ruling that’s good news for buyers of property at sheriffs’ sales, a state appeals court says state fire code penalties have no special priority and thus are wiped out by a foreclosure judgment.
The precedential ruling in Pitman v. Monroe Savings Bank, A-3113-10, reaffirms the principle that property purchased at a sheriff’s sale comes free of any interest or judgment that is not recorded even if the purchaser had notice of it.
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