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·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
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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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) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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