Lenders Must Be Named in Foreclosures, New Jersey Court Says

Lenders Must Be Named in Foreclosures, New Jersey Court Says

Gianluca Colla/Bloomberg

A sign sits above the entrance to Credit Suisse Group AG's headquarters in Zurich. Credit Suisse AG, Maryse and Emilio Guillaume's mortgage lender, was omitted on a notice of intention to foreclose the couple's home in May 2008. New Jersey's Supreme Court has ruled that documents indicating a bank’s intention to foreclose on a mortgage must name the lender before a residential property can be seized.