New Jersey Statutes
§ 2A:50-21 — Bar of equity of redemption
New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
If a mortgagee or those holding under him shall be in possession of the real estate specified in the mortgage, or any part thereof, for 20 years after a default of payment by the mortgagor, the right or equity of redemption in the mortgage shall be forever barred. L.1951 (1st SS), c.344.
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Nearby Sections
15
§ 2A:50-1
No personal deficiency judgment in foreclosure actions or execution thereon for balance due§ 2A:50-10
Record of notice§ 2A:50-12
Prior judgments by confession validated§ 2A:50-14
Validation of sales where cestuis que trustent not made parties to foreclosure proceedings§ 2A:50-2.2
Agreement to waive rights; invalidity§ 2A:50-2.3
Application of act