New Jersey § 46:9-7
Full text of New Jersey New Jersey Statutes § 46:9-7, with citation guidance and answers to common questions.
§ 46:9-7.
Whenever real estate situate in this State shall be sold and conveyed subject to an
existing mortgage or is at the time of any such sale or conveyance subject to an existing
mortgage, the purchaser shall not be deemed to have assumed the debt secured by such
existing mortgage and the payment thereof by reason of the amount of any such mortgage
being deducted from the purchase price or by being taken into consideration in adjusting
the purchase price, nor for any other reason, unless the purchaser shall have assumed
such mortgage debt and the payment thereof by an express agreement in writing signed
by the purchaser or by the purchaser's acceptance of a deed containing a covenant
to the effect that the grantee assumes such mortgage debt and the payment thereof.
Frequently Asked Questions About New Jersey § 46:9-7
What does New Jersey Statutes § 46:9-7 cover?
Section 46:9-7 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 46:9-7?
A common citation format is "New Jersey Statutes § 46:9-7" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 46:9-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.