LEGAL GUIDE
Written by attorney John P Fazzio III

Banks Foreclosure Time-Barred by 6-year Statute of Limitations

In NJ, there is a six year statute of limitations for foreclosure actions. The statute of limitations runs from the default on the loan. If a lender fails to initiate a foreclosure action until after six years from the accelerated maturity date, their claim is disallowed under state law.

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