New Jersey Foreclosure Law & Practice

Book excerpt: ​Since this book was originally published in 2001, New Jersey has experienced record numbers of foreclosures. The large volume of foreclosures has, in turn, led to significant revisions of the Court Rules applicable to foreclosures, as well as legislative reform. In addition, the courts have rendered countless decisions refining and, in some cases, changing existing law. This annual update incorporates all of the recent developments in this important area of this law. These recent developments include new pleading requirements, electronic filing, additional defenses, mediation, extended redemption, non-recourse, carve out provisions, changes in municipal tax lien procedure, and revisions to the Bankruptcy Code.