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REAL ESTATE LAW

Speeding up Foreclosures on Abandoned Residential Properties

New Jersey Law Journal

January 24, 2013

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.

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