Requires provisions regarding sellers' obligation to deliver marketable and insurable title in certain residential real estate contracts of sale.

This bill requires sellers of foreclosed residential properties (specifically mortgage lenders or entities that bought the property at a sheriff's sale under New Jersey's Fair Foreclosure Act) to provide marketable and insurable title to homebuyers in their sales contracts. If sellers fail to deliver such title, it constitutes a contract breach, obligating them to refund the buyer's deposit and reimburse expenses like surveys, title searches, and inspections. The bill invalidates any contract terms attempting to limit these seller obligations. It directly affects homebuyers purchasing REO (Real Estate Owned) properties and ensures greater protection against title-related issues after foreclosure sales.