2009 New Jersey Code
2A:50-21. Bar of equity of redemption
TITLE 2A - ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
2A:50-21 - Bar of equity of redemption
If a mortgagee or those holding under him shall be in possession of the real estate specified in the mortgage, or any part thereof, for 20 years after a default of payment by the mortgagor, the right or equity of redemption in the mortgage shall be forever barred.
L.1951 (1st SS), c.344.
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