• Avoid Becoming A Dreaded Mortgagee-In-Possession In NJ
  • August 15, 2017 | Author: Joshua N. Howley
  • Law Firm: Sills Cummis & Gross P.C. - Newark Office
  • Lenders in New Jersey beware. Although taking possession of a property and the cash flow therefrom after a borrower defaults might be tantalizing, being deemed a mortgagee-in-possession has costly implications that lenders should avoid.