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At Your Service: Permitting Servicers To Foreclose In NJ

Publisher: Law360
August 10, 2012
Day Pitney Author(s) Joy Harmon Sperling

Joy Harmon Sperling and Leaor Schwartz discuss a recent New Jersey court ruling allowing a servicer, rather than the owner of the loan, to foreclose on a property. In the article, Joy and Leaor note that "the decision is helpful for servicers, as it recognizes that a servicer may be deemed a holder of a loan even though it is not the actual investor or owner of the loan."