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HERITAGE BANK v. MAGNEFAX CORP.

194 N.J. Super. 376 (1984)

476 A.2d 1271

HERITAGE BANK, N.A., PLAINTIFF, v. MAGNEFAX CORP., ET AL., DEFENDANTS.

Superior Court of New Jersey, Chancery Division Middlesex County.

Decided March 20, 1984.

Attorney(s) appearing for the Case

Martin Knecht for applicant Irv Cyzner.

Karl R. Meyertons for plaintiff.

No appearance for defendant mortgagors.

COHEN, J.S.C.

In Hardyston Nat. Bank v. Tartamella, 56 N.J. 508 (1970), the Supreme Court decided that, after foreclosure and sheriff's sale, the owner-mortgagor may still redeem the property by paying the mortgage debt plus foreclosure and sale costs. He may do so within the ten-day period fixed by R. 4:65-5 for objections to the sale and until an order is entered confirming the sale if objections are filed. In Lobsenz...

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