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On August 1, 2025, Friedman Vartolo LLP (“FV”) obtained a significant procedural victory for its client, Pacific Asset Holdings, LLC, when the Superior Court of New Jersey, Chancery Division, Passaic County, granted summary judgment.
The Court found that Pacific Asset Holdings had proven all essential foreclosure elements: a valid mortgage, the borrower’s default, and the plaintiff’s standing to enforce. Defendants filed only boilerplate defenses without factual support, which the Court struck as non-contesting. With no opposition and no genuine issues of material fact, summary judgment was entered with prejudice.
The order also granted default against all defendants and remanded the matter to the Foreclosure Unit as uncontested. This result positions Pacific Asset Holdings to move swiftly toward final judgment while avoiding the expense and delays of trial, and reflects FV’s ability to deliver timely, results-driven resolutions for institutional lenders.
DISCLAIMER
This publication may constitute attorney advertising under the laws and rules of professional conduct of one or more states. The information provided in this publication is for general informational purposes only and does not constitute legal advice. The contents are not intended to be a substitute for professional legal advice, consultation, or representation. No attorney-client relationship is formed by reading or relying on this publication. Prior results do not guarantee a similar outcome. Readers should consult a qualified attorney for advice regarding their individual circumstances or any specific legal questions they may have.
If you have questions about this publication, please contact Adam Friedman, Ralph Vartolo or Michael DeRosa,
Friedman Vartolo LLP, 1325 Franklin Avenue, Suite 160, Garden City, NY 11530, Phone: (212) 471-5100 | Fax: (212) 471-5150.
