Law360, New York (August 10, 2012, 12:51 PM ET) -- In a recent decision by the Honorable Mary C. Jacobson of the Superior Court of New Jersey, Chancery Division, Mercer County, the court found that a plaintiff, which was the servicer of the note, and not the owner, and which also held a valid assignment of the mortgage, had standing to foreclose. BAC Home Loans Servicing LP, f/k/a Countrywide Home Loans Servicing LP v. Durelli, No. F-39250-10, 2012 N.J. Super. Unpub. LEXIS 1732 (Super. Ct. Ch. Div. July 18, 2012).
Although ruling that the servicer was...
At Your Service: Permitting Servicers To Foreclose In NJ
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