54:5-104.103 - Definition of phrase "thought to be owned" - New Jersey Statutes

54:5-104.103.  Definition of phrase  "thought to be owned"
    Within the meaning of this act, premises shall be deemed to be  "thought to  be owned"  where an individual or individuals have color of title by virtue of  any deed whatsoever, devise, inheritance, or by virtue of a tax sale  certificate, if foreclosure proceedings on said certificate have been completed  (whether by said individual or individuals or others) and have resulted in a  judgment purporting to foreclose the interests named therein, even if said  foreclosure proceedings resulting in said judgment are void as against an owner  subject to the provisions of this act, or his predecessors in interest.

     L.1964, c. 184, s. 4.