Credit: BigstockOn July 1, 2020, the Supreme Court of New Jersey issued a unanimous opinion in Investors Bank v. Javier Torres, Docket Number A-55-18, which served to clarify and confirm the right of an assignee to enforce a mortgage note that has been lost by its predecessor. The court found that plaintiff, the assignee of defendants’ mortgage and transferee of the related note, had the right to enforce the note under New Jersey law. This holding settles the issue and allows lenders, their assignees, and borrowers to proceed in future cases without uncertainty over the impact of a lost note, provided certain proofs are available and submitted by the foreclosing plaintiff.
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July 16, 2020 at 11:00PM
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NJ Supreme Court Affirms Mortgage Assignee's Right to Enforce Lost Note | New Jersey Law Journal - Law.com
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