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CARTERET SAV. AND LOAN ASS'N, F.A. v. DAVIS

105 N.J. 344 (1987)

521 A.2d 831

CARTERET SAVINGS AND LOAN ASSOCIATION, F.A., A FEDERALLY CHARTERED SAVINGS AND LOAN ASSOCIATION, PLAINTIFF, v. BURTON R. DAVIS AND MOZELL Y. DAVIS, HIS WIFE, FIRST NATIONAL BANK OF NEW JERSEY, RUTGERS MINORITY INVESTMENT COMPANY AND THE STATE OF NEW JERSEY, DEFENDANTS, AND THE MONEY STORE, DEFENDANT-RESPONDENT.

The Supreme Court of New Jersey.

Decided March 10, 1987.

Attorney(s) appearing for the Case

Steven Kropf argued the cause for appellant Constance Silakoski (Marvin Feingold, attorney).

Sanford J. Becker argued the cause for respondent (Zucker, Goldberg, Becker & Ackerman, attorneys).

The opinion of the Court was delivered by O'HERN, J.

This case concerns a complication in a mortgage foreclosure sale. The question is whether a junior mortgagee who has acquired the debtor's title at a prior foreclosure sale also acquires the limited ten-day right to redeem property after a foreclosure sale that the original debtor-mortgagor possesses by virtue of this Court's decision in Hardyston v. Tartamella, 56 N.J. 508

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