N.J.S.A 2A:42-127 Filing, continuation of foreclosure unaffected.

2A:42-127 Filing, continuation of foreclosure unaffected.

14. a. Neither the filing of a complaint under section 4 of Phamplet Law 2003, Chapter 295 (C. 2A:42-117) nor the appointment of a receiver under subsection a. of section 10 of Phamplet Law 2003, Chapter 295 (C. 2A:42-123) shall stay the filing or continuation of any action to foreclose a mortgage or lien on the building or to sell the property for delinquent taxes or unpaid municipal lienS.

b. In the event that ownership of the building changes as a result of foreclosure while a receiver is in possession, including possession by the municipality pursuant to a tax foreclosure action, the property shall remain subject to the receivership and the receiver shall remain in possession and shall retain all powers delegated under this action unless and until the receivership is terminated under the provisions of Phamplet Law 2003, Chapter 295 (C. 2A:42-114 et al.).

L.2003,C. 295,S.14.

Case(s):

Look up case for New Jersey Statute 2A:42-127 Filing, continuation of foreclosure unaffected.

Original Text maintained by the State of New Jersey:

NJ Maintained Unanotated Statutes References to 2A:42-127 Filing, continuation of foreclosure unaffected.

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