New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 40-4

a. any real estate in which such absentee had or shall have any interest, divided or not, or contingent or not, as owner, tenant by the entirety, lessee, spouse of an owner, or otherwise, or

b. the interest in such real estate of such absentee has been or shall be sold, conveyed, mortgaged, assigned, leased, devised or otherwise aliened, as though such person were actually dead, then such absentee shall be thereafter forever barred from any claim of title to the real estate or interest therein. The person taking such real estate or interest therein in any such transaction, and his heirs, assigns and successors in title, shall have as perfect a right or title therein and thereto, and shall hold the same, as though such absentee had actually died on the date he is declared dead.