Willingboro Mall Ltd. v. 240/242 Franklin Avenue LLC, A-62 September Term 2011; Supreme Court; opinion by Albin, J.; decided August 15, 2013. On certification to the Appellate Division (421 N.J. Super. 445 (App. Div. 2011)). D.D.S. No. 03-1-1016 [33 pp.]
Willingboro Mall, LTD., the owner of the Willingboro Mall, sold the property to 240/242 Franklin Avenue, L.L.C. To secure part of Franklin's obligation, the parties executed a mortgage on the property. Claiming that Franklin defaulted, Willingboro filed a mortgage-foreclosure action. Franklin denied that it had defaulted and sought dismissal of the complaint. The parties were ordered to participate in a nonbinding mediation.
