Old Republic Insurance Co. v. Currie
Superior Court of New Jersey
665 A.2d 1153 (1995)
Relevant factsFree
Currie (defendant) lost title to his property through senior-mortgage foreclosure after junior mortgagee Old Republic (plaintiff) had already obtained a bankruptcy court judgment against him; Currie reacquired the property in 1981, but Old Republic did not learn of the reacquisition until April 1984 and did not sue to enforce its revived junior mortgage until 1994, seeking the judgment amount plus accumulated interest.
IssueFree
Whether a mortgagor's reacquisition of property after foreclosure revives any junior mortgages that previously encumbered the property.