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Updated over 7 years ago,

User Stats

105
Posts
22
Votes
Chaits J.
  • Investor
  • Princeton, NJ
22
Votes |
105
Posts

Purchasing a property at Sheriff Sale : Mercer County, NJ

Chaits J.
  • Investor
  • Princeton, NJ
Posted

Dear All,

I own couple of rentals that were bought as a regular sale and would like to venture into auction sales. There are a couple of condo's from my neighbourhood that are on auction schedule on Sheriff Sale list. Can you please suggest what are the steps to take in purchasing a property at auction.

My common sense suggest below but want to know from experts if i am missing any other steps.

a) Hire a Title search company and look for title issues ?

b) Check with condo association for any unpaid dues

Also once i purchase at the auction, what's the process to get someone living there to vacate ? How many months i am looking at if i have a tough occupant.

Thanks!

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