News

In the News Press Release

Joy Sperling and Peter Lembesis Author New Jersey Law Journal Article on Mortgage Foreclosure Case

Publisher: New Jersey Law Journal
February 11, 2011

An article by Joy Sperling and Peter Lembesis on a recent New Jersey court decision was featured in the February 14 issue of the New Jersey Law Journal. "Enforcing a Debt When the Lender Is Not in Possession of the Note" looks at Bank of America v. Alvarado, in which the court ruled that a lender does not have to demonstrate physical possession of the note memorializing the underlying debt if it seeks to foreclose on a mortgage. Joy and Peter point out that the Alvarado decision is an important milestone for New Jersey courts in recognizing the rights of lenders that do not possess an original note.

Download
Recommended
Related Professionals
Parsippany, NJ
T: (973) 966 8217