New Jersey Statutes
§ 2A:50-51 — No merger of fee and mortgage interest on purchase at sale by holder of mortgage; conveyance by purchaser; assignment of mortgage
New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
The purchase by the holder of the mortgage of the real estate, or any interest therein, sold under a judgment in a foreclosure authorized by this article shall not result in a merger of the fee and the mortgage interest. The real estate so purchased may be held or conveyed subject to the lien of the mortgage as stated in the judgment, and the mortgage may be assigned as a valid and subsisting lien upon the real estate therein described. L.1951 (1st SS), c.344.
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New Jersey § 2A:50-51 (No merger of fee and mortgage interest on purchase at sale by holder of mortgage; conveyance by purchaser; assignment of mortgage) — 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
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