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Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened

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NJ Code › Title 2A › Chapter 50 › Section 50-5

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

Where an action has been brought for a deficiency as provided by section 2A:50-2 of this Title, and where the party or parties liable for such deficiency shall have answered disputing the amount of the deficiency as provided by section 2A:50-3 of this Title, the effect of such answer shall be to terminate any right to redeem from foreclosure sale as provided by section 2A:50-4 of this Title, and the recovery for the deficiency shall not open the foreclosure and sale of the premises as provided by said section 2A:50-4. Amended by L.1979, c. 286, s. 4.

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Answer in action on bond disputing amount of deficiency as termination of right to redeem; foreclosure and sale not to be opened · N.J. Stat. § 2A:50-5 | Frix