How a Residential Foreclosure Law Affects Commercial Lenders

Title:
How a Residential Foreclosure Law Affects Commercial Lenders
Publication:
New Jersey Law Journal
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PDF File:
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The Fair Foreclosure Act, which becomes effective as to foreclosures commenced from and after Dec. 4, 1995, was enacted in response to the fact that the residential foreclosure process in New Jersey is the most time-consuming in the country. While the act primarily focuses on the residential mortgage foreclosure process, it contains provisions of general application to all foreclosures.