New Jersey Statutes 2A:50-52. No deficiency judgment
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Terms Used In New Jersey Statutes 2A:50-52
- 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
Upon a foreclosure under authority of this article there shall be no deficiency judgment.
L.1951 (1st SS), c.344.