FORECLOSURES; BANKRUPTCY; ASSIGNEE — Once a debt has been discharged in bankruptcy, the borrower, having no pecuniary interest in the outcome, cannot sustain an action based upon alleged defects in subsequent assignments of the mortgage.
CAFRA — Where a Water Management Plan has been approved to allow sewer connections only to existing developments, a property containing only a shed is not entitled to such a connection because it does not need a sewer line nor a septic tank and consequently does not constitute an existing development.
ZONING; VARIANCES — Since variances are deviations from the zoning code, they are to be given sparingly, but when the proposed use is an inherently beneficial one, the negative standard is relaxed and only require consideration of the relationship between the benefits and burdens of granting the variance.
REDEVELOPMENT; DEEDS; RESTRICTIONS — Where a municipality has imposed a deed restriction on a property, it may vacate the same restriction when adopting a redevelopment plan, especially where there is no evidence that the restriction held any benefit to others.
FORECLOSURE; MORTGAGES — Generally, a party to seeking to foreclose a mortgage must own or control the underlying debt but, generally, custody and review of a lender’s computerized business records is not a sufficient basis to show personal knowledge that a lender holds a note and mortgage.
LEASES; DRAFTING — When a lease calls for the use of fair market rent but does not provide a methodology for determining fair market rent, only calling for the appointment of appraisers, a court may require the appraisers to consider physical possibility, legal permissibly, financial feasibly, maximum productivity, as well as other factors.
FORECLOSURE; TAX SALE — With respect to in rem foreclosures, a municipality is required to provide actual notice to all persons with a recorded lien interest in the subject property and such notice must be given in the same manner as service of process would be made or by mailing it to the holder’s last known address, which may mean an address in the municipality’s files related to recent transactions between the lienholder and the municipality.
FDCPA — The Fair Debt Collection Practices Act does not require the current creditor to provide the name and address of the original creditor in its initial notice to a debtor.
PUBLIC BIDDING — Where a successful public bidder’s proposal is consistent with the bidding requirements, a later submitted letter that more carefully explains and expands upon previously provided information does not constitute an impermissible correction of the original bid proposal.
TAXATION — Under New Jersey’s tax law, an individual who pays the expenses of his or her corporation cannot deduct those expenses from the amount he or she reports as income from the corporation because individuals cannot disregard the corporate form by taking personal deductions for paying corporate obligations.