Legal Question in Real Estate Law in New Jersey
foreclosure
what is a motion to reform mortgage
Asked on 5/12/09, 11:05 am
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: foreclosure
A Court procedure to change some term of the Mortgage, usually due to a mistake in the original, or where the parties have agreed to change the terms. It is usually done this way so the creditor does not lose its priority status determined by recording date.
Answered on 5/12/09, 4:53 pm
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