No personal deficiency judgment in foreclosure actions or execution thereon for balance due

  1. Law
  2. New Jersey Revised Statutes
  3. Administration of Civil and Criminal Justice
  4. No personal deficiency judgment in foreclosure actions or execution thereon for balance due

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2A:50-1. No personal deficiency judgment in foreclosure actions or execution thereon for balance due

No judgment shall be rendered in any action to foreclose a mortgage for any balance which may be due plaintiff over and above the proceeds of the sale of the mortgaged property, and no execution shall issue therein for the collection of any such balance.


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