Legal Question in Real Estate Law in New Jersey

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The answer depends in part on whether the mortgage debt is "recourse" or "nonrecourse." Assuming a debt is recourse, then a lender having obtained a judgment against the borrower typically can attach sources of income (including rental income) to satisfy a loan.

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Barry F. Gartenberg, Esq,

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Probably yes, if they follow the procedure that that the law requires, and I would need to look over the paperwork to tell you about this.

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Robert Davies, Esq. 201-820-3460

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