# N.J. Stat. § 2A:50-4: Judgment in action on bond as opening foreclosure and sale; right of redemption; time for bringing action to redeem

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-4

## Section

- **Citation:** N.J. Stat. § 2A:50-4
- **Heading:** Judgment in action on bond as opening foreclosure and sale; right of redemption; time for bringing action to redeem
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 2A / Chapter 50 / Section 50-4

## Text

If, after the foreclosure and sale of mortgaged premises, the person entitled to the debt shall recover a judgment in an action on the bond or note for any balance of debt, such recovery shall open the foreclosure and sale of the premises, and the person against whom the judgment has been recovered may redeem the property by paying the full amount of money for which the judgment in the foreclosure action was granted, with interest to be computed from the date of the judgment in the foreclosure action, and all costs of the action for deficiency, and all reasonable expenses which the purchaser may have incurred in the meantime for taxes, assessments, other prior liens, necessary repairs upon the premises and interest on same, after deducting from the amount thereof such income as the holder may have derived from the possession of the premises, either as rent or otherwise. An action for redemption of the premises shall be brought within 6 months after the entry of the judgment for the balance of the debt. Amended by L.1979, c. 286, s. 3.

## Nearby sections

- [N.J. Stat. § 2A:50-1 No personal deficiency judgment in foreclosure actions or execution thereon for balance due](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-1.md)
- [N.J. Stat. § 2A:50-2 Order of proceedings; foreclosure; action on bond; limitations; parties](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.md)
- [N.J. Stat. § 2A:50-2.1 Time for bringing action on note for deficiency](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.1.md)
- [N.J. Stat. § 2A:50-2.2 Agreement to waive rights; invalidity](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.2.md)
- [N.J. Stat. § 2A:50-2.3 Application of act](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.3.md)
- [N.J. Stat. § 2A:50-2.4 Severability](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-2.4.md)
- [N.J. Stat. § 2A:50-3 Answer disputing amount of deficiency; determination of amount](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-3.md)
- [N.J. Stat. § 2A:50-4 Judgment in action on bond as opening foreclosure and sale; right of redemption; time for bringing action to redeem](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-4.md)
- [N.J. Stat. § 2A:50-5 Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-5.md)
- [N.J. Stat. § 2A:50-6 Bonds; notice of proposed judgment by confession or action on](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-6.md)
- [N.J. Stat. § 2A:50-7 Record of notice of proposed judgment by confession or action on bond; fees](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-7.md)
- [N.J. Stat. § 2A:50-8 Action on bond where lien or mortgage has been extinguished by foreclosure of prior mortgage](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-8.md)
- [N.J. Stat. § 2A:50-9 Judgment on bond not to open foreclosure and sale; right of redemption](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-9.md)
- [N.J. Stat. § 2A:50-10 Record of notice](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-10.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T2A_C50_S50-4. Check the current official text before relying on it. Not legal advice.