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NEW BRUNSWICK SAV. BANK v. MARKOUSKI

123 N.J. 402 (1991)

587 A.2d 1265

NEW BRUNSWICK SAVINGS BANK, PLAINTIFF, v. PETER MARKOUSKI AND HELEN MARKOUSKI, HIS WIFE; J.C. DENTAL LABORATORY; THE HOME NEWS; ANSER ASSOCIATES, AND HAROLD F. LIMBACH, DEFENDANTS, AND EQUITY LENDER'S CORPORATION, DEFENDANT-RESPONDENT, AND HERITAGE BANK, N.A., DEFENDANT-APPELLANT, AND ATTORNEY GENERAL OF NEW JERSEY, INTERVENOR-RESPONDENT.

The Supreme Court of New Jersey.

Decided March 27, 1991.

Attorney(s) appearing for the Case

Jay Samuels argued the cause for appellant (Jamieson, Moore, Peskin & Spicer, attorneys).

W. Peter Ragan argued the cause for respondent (Blankenhorn & Ragan, attorneys).

Margaret A. Holland, Deputy Attorney General, argued the cause for intervenor-respondent (Robert J. Del Tufo, Attorney General of New Jersey, attorney; Mary C. Jacobson, Deputy Attorney General, of counsel).

The opinion of the Court was delivered by STEIN, J.

The issue before us is whether the requirements of due process are satisfied when a sheriff's judgment execution sale of real property, conducted without actual notice to other judgment creditors, vacates the statutory liens of such judgment creditors on the property.

Central Jersey Bank and Trust Company ("Central Jersey") executed on a judgment it had obtained against Dr. Peter Markouski. To satisfy the...

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