1. Home
  2. Browse Decisions
  3. N.J.
  4. 190 N.J.
  5. 190 N.J. Super. 615 (1983)
 

WESTERVELT v. GATEWAY FINANCIAL SERVICE

190 N.J. Super. 615 (1983)

464 A.2d 1203

WILLIAM WESTERVELT AND JANET WESTERVELT, HUSBAND AND WIFE, PLAINTIFFS, v. GATEWAY FINANCIAL SERVICE, SECURITY PACIFIC FINANCE CORP. AND THE CENTRAL NATIONAL LIFE INSURANCE COMPANY OF OMAHA, DEFENDANTS.

Superior Court of New Jersey, Chancery Division Middlesex County.

Decided June 27, 1983.

Attorney(s) appearing for the Case

Louis Cohen for plaintiffs (Brigiani, Gelzer, Cohen & Schneider, attorneys).

Dennis M. Reznick for defendant Security Pacific Finance Corp. (Budd, Larner, Kent, Gross, Picillo & Rosenbaum, attorneys).

Richard T. Philips for defendant The Central National Life Insurance Company of Omaha (DeCotiis & Philips, attorneys).

COHEN, J.S.C.

This case presents questions concerning the rights of an innocent purchaser for value of a note and mortgage governed by the provisions of the Secondary Mortgage Loan Act, N.J.S.A. 17:11A-34 et seq. For all of the reasons below, I hold that a note and mortgage that were not executed in full compliance with the Act are void and unenforceable in the hands of a purchaser for value, however innocent it may be and however well it may qualify...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases