Superior Court Begins to Dig Out From Avalanche of Foreclosure Notices
Judge accepts 3,000 corrected foreclosure notices, with some 60,000 or more still to go
NJ Spotlight-A Superior Court judge said she will approve more than 3,000 corrected foreclosure notices from Wells Fargo to homeowners, tearing a hole in the procedural dam that has held back a potential flood of legal action.
At a hearing in Paterson where many participants expressed continuing confusion about New Jersey's foreclosure process, Judge Margaret Mary McVeigh tried to explain the difficulties to a courtroom packed with lawyers and defendants.
“There is no precedent,” she said. “There is not a case that exists anywhere that addresses what we are doing here.”