New Jersey Statutes 2A:50-32. Satisfaction of judgment for foreclosure and sale
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Terms Used In New Jersey Statutes 2A:50-32
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
When a judgment for the foreclosure and sale of mortgaged premises is paid and satisfied, other than by a sale of the premises, satisfaction thereof shall be entered by the clerk by virtue of a duly acknowledged or proved warrant or authority from the party receiving satisfaction, or from his attorney of record.
L.1951 (1st SS), c.344.