Legal Question in Real Estate Law in New Jersey
what does it mean when a mortgage is not of record?
Asked on 8/26/10, 11:15 am
1 Answer from Attorneys
Bernard J. Berkowitz
Berkowitz & Raiken
It has not been recorded in the county clerk's office and is not a lien on the real estate. Therefore, if it is not paid it can not be foreclosed.
Answered on 8/31/10, 11:34 am
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