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FRAVEGA v. SECURITY S. & L. ASS'N

192 N.J. Super. 213 (1983)

469 A.2d 531

ARTHUR H. FRAVEGA AND MARY S. FRAVEGA AND JAMES L. BOURGEOIS AND EILEEN BOURGEOIS, PLAINTIFFS, v. SECURITY SAVINGS AND LOAN ASSOCIATION, A SAVINGS AND LOAN ASSOCIATION DOING BUSINESS IN THE STATE OF NEW JERSEY, AND MULTI-SERVICE CORPORATION, ITS SUBSIDIARY, A CORPORATION OF THE STATE OF NEW JERSEY; AND RONALD SEAGRAVES; JOHN KELLY AND BART SPEZIALI, INDIVIDUALLY AND IN THEIR CAPACITIES AS OFFICERS AND EMPLOYEES OF MULTI-SERVICE CORPORATION AND/OR SECURITY SAVINGS AND LOAN ASSOCIATION, DEFENDANTS.

Superior Court of New Jersey, Chancery Division Cape May County.

Decided October 14, 1983.

Attorney(s) appearing for the Case

Willis F. Flower for plaintiff (Ford & Flower, attorneys).

Michael J. Gruccio for defendants (Milstead & Ridgway, attorneys).

GIBSON, J.S.C.

This action requires an interpretation of the recent amendment to the lis pendens statute, N.J.S.A. 2A:15-7. Plaintiffs' suit seeks to set aside certain conveyances of real estate which they claim defendants procured by fraud and on terms which render them unconscionable. Notices of lis pendens were filed concurrently with the action and defendants now move to have them discharged. Raised by this motion are questions of procedure...

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