No Such Thing As A Free House? NJ Court Says Otherwise

Law360, New York (July 25, 2016, 4:44 PM EDT) -- Joy Harmon Sperling

Rachel G. Packer In the realm of New Jersey residential foreclosures, a legitimate statute of limitations defense is rarely raised as an issue and, even more rarely, addressed by the courts. However, in the recent unpublished opinion rendered by the Superior Court of New Jersey, Bergen County, in Anim Investment Co. v. Shaloub, No. F-30508-15, 2015 N.J. Super. Unpub. LEXIS 3042 (Ch. Div. June 30, 2016), the court provided a lengthy interpretation and analysis of the statute of limitations applicable to residential mortgage foreclosure actions, and ultimately held that the plaintiff in the action was time-barred from commencing...

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