Important: The requirement for Pre-filing/Default has not been removed at this time, however, in accordance with the recently passed NJ State Law Pre-Filing (default) is not an enforceable requirement and Responsible Parties should not register at that stage.
Properties that have not been registered at least 30 (thirty) days prior to a filing date of a lis pendens, deed-in-lieu of foreclosure or other public notice of foreclosure will be charged a $100.00 late fee which is due and payable at the time of registration. This applies to registrations and renewals.
New mortgagee is responsible for all past due registration time periods and fees.
Per NJ State Statute 40:48-2.12s b. (1) the creditor filing the summons and complaint in an action to foreclose that is located out-of-State is responsible for providing an in-State representative. to be responsible for the care, maintenance, security, and upkeep of the exterior of the property.
The PM and LA can be the same individual or organization