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Updated over 1 year ago, 05/22/2023

User Stats

881
Posts
719
Votes
Judy Parker
  • Rental Property Investor
  • Closter, NJ
719
Votes |
881
Posts

How to Aquire Abandoned Property

Judy Parker
  • Rental Property Investor
  • Closter, NJ
Posted

A vacant parcel of land in New Jersey has no living owners. The elderly owners passed away. They left the parcel to an elderly homeless man who passed away intestate. Technically there is now no owner of this property. While I think the easiest way for me to acquire this property would be to put a tax lien on it at a tax sale, there is one challenge. Two estranged family members (who are NOT the heirs and hate each other) have each been paying the property taxes. They each want to grab the property that doesn't belong to either of them. I don't think they realize that if they would just stop paying the property taxes, the parcel would go up for tax sale, and then they, or anyone else, would be able to bid on it and legally acquire it. Is there any other way, short of adverse possession, to expeditiously acquire such a parcel?

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