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Foreclosure News: NJ Ct. Holds Surplus Funds Paid to Creditor

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A New Jersey trial court recently held that the surplus proceeds from a foreclosure sale should be used to pay the judgment lien recorded against only one of the spouses when the other spouse failed to contest the judgment creditor’s pre-sale motion, and only objected after the sale.  See Wilmington Savings Fund Society, FSB, as Trustee of Stanwich Mortgage Loan Trust v. Schneeweiss, et al.F-13586-17, (N.J. Ch. Div., Aug. 25, 2020). 

Every case is different. Our New York and New Jersey foreclosure attorneys tailor our approach to your goals rather than employ a one-size-fits-all solution to what is a complex problem. Contact Fazzio Law Offices today at 855-743-0262 or click here to book a free consultation.

For the Court's Opinion, see here: https://njcourts.gov/attorneys/assets/opinions/trial_unpub/f013586-17.pdf

Category: Foreclosure Law

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