In an attempt to assist with resolving the foreclosure crisis or, at least, expediting the foreclosure process in New Jersey, on Dec. 6, 2012, Gov. Chris Christie signed into law an act permitting lenders to file a summary action to expedite the foreclosure process if the property at issue is deemed vacant and abandoned residential property.
REAL ESTATE LAW
Speeding up Foreclosures on Abandoned Residential Properties
New Jersey Law Journal
January 24, 2013
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