nj forclosure sheriff sale

[Yehoshua S.]

newbie looking to attend a foreclosure auction in nj. i downloaded a list for the next upcoming auction. can anyone give me some tips on what to research on each property before the auction? What do people new to the process most commonly need to learn?

[Kevin Manafi]

Hi @Yehoshua S.,

There is a lot of due diligence that must be done before buying a property at auction to ensure you're making a good purchase. The most important part of the process, generally, is doing a title search beforehand to discover if there are any liens, outstanding violations, or other encumbrances on the property (unpaid taxes, mechanic's liens, open water/sewer bills, etc.). 

Besides that, you'll want to drive by the property and neighborhood to get a feel for the condition and comps (as you will almost never have access to enter an auction property or get on the grounds).