US Bank National Ass'n v. Guillaume
Supreme Court of New Jersey · 2012-02-27 · cited 499×
In US Bank National Ass'n v. Guillaume, homeowners sought to vacate a default foreclosure judgment under court rules allowing relief for excusable neglect, a void judgment, or exceptional circumstances, claiming violations of the Fair Foreclosure Act because the notice of intention listed a loan servicer rather than the lender, and a TILA defense based on a minor recording fee overcharge. The trial court and Appellate Division denied the motion, finding no excusable neglect and that the defenses were not meritorious, particularly since the borrowers could not repay the loan balance. The New Jersey Supreme Court affirmed the denial of relief but clarified that the FFA requires the lender's name and address on the notice of intention, that a court may order a cure rather than dismissal, and overruled prior precedent mandating dismissal without prejudice for such violations.