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Updated about 2 years ago on . Most recent reply
New Jersey Question - Civil Judgments and Foreclosure
A property I am looking at is coming up for foreclsoures sale soon. There is 1 mortgage and I expect the upset price related to that mortgage to be about $200K (including late fees, attorneys fees, etc.). In researching the property, a judgment was recently entered againt the defendant-debtor in a completely unrelated case (car accident). That judgment was entered into the NJ statewide judgment database. My understanding is that such a judgment in NJ automatically attaches to the defendant-debtor's real property in the state. My question is - what happens if the property is sold at foreclosure as it is going to be. Does the separate civil judgment stay with the property or is it extinguished like other liens subordinate to the first morgage would be? I believe it is extinguished like the others. Thank you for any thoughts.