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INVESTORS & LENDERS, LTD. v. FINNEGAN

249 N.J. Super. 586 (1991)

592 A.2d 1244

INVESTORS & LENDERS, LTD., PLAINTIFF, v. LAWRENCE J. FINNEGAN, ET AL, DEFENDANTS. JAMES MARANDO AND DEBBIE YANIGA, PLAINTIFFS, v. WILLIAM LANZARO, SHERIFF, MONMOUTH COUNTY, DEFENDANT.

Superior Court of New Jersey, Chancery Division Monmouth County.

March 20, 1991.

Attorney(s) appearing for the Case

Richard J. Schwartz for bidders, Marjorie and Bernardo Pagan (Schwartz & Schwartz, attorneys).

Robert F. Dato for bidders Marando and Yaniga.

Edward A. Dreskin for First Fidelity Bank.

Robert J. Hrebek for William Lanzaro, Sheriff of Monmouth County.

McGANN, Jr., J.S.C.

Once again1 the failure of the Legislature to regulate the terms and conditions under which Sheriff's are to conduct execution sales, leads to unnecessary litigation as well as lack of state-wide uniformity in the conduct of such sales.

The facts are these. Investors & Lenders foreclosed on a second mortgage in the face amount of $20,000 it held on the Finnegan residence property. On July 14, 1988 default...

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