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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.

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