New Jersey § 2A:50-5 Answer in action on bond disputing amount of deficiency as termination of right to redeem;  foreclosure and sale not to be opened

New Jersey Statutes

§ 2A:50-5 — Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened

New Jersey § 2A:50-5

Title 2AADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE

This text of New Jersey § 2A:50-5 (Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 2A:50-5 (2026).

Text

Where an action has been brought for a deficiency as provided by section 2A:50-2 of this Title, and where the party or parties liable for such deficiency shall have answered disputing the amount of the deficiency as provided by section 2A:50-3 of this Title, the effect of such answer shall be to terminate any right to redeem from foreclosure sale as provided by section 2A:50-4 of this Title, and the recovery for the deficiency shall not open the foreclosure and sale of the premises as provided by said section 2A:50-4. Amended by L.1979, c. 286, s. 4.

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Where an action has been brought for a deficiency as provided by section 2A:50-2 of this Title, and where the party or parties liable for such deficiency shall have answered disputing the amount of the deficiency as provided by section 2A:50-3 of this Title, the effect of such answer shall be to terminate any right to redeem from foreclosure sale as provided by section 2A:50-4 of this Title, and the recovery for the deficiency shall not open the foreclosure and sale of the premises as provided by said section 2A:50-4. Amended by L.1979, c. 286, s. 4.