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New Jersey Real Estate Q&A Discussion Forum
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Updated over 3 years ago on . Most recent reply

User Stats

79
Posts
4
Votes
Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
4
Votes |
79
Posts

What happens to unsold NJ tax liens?

Joe P.
  • Rental Property Investor
  • Mechanicsburg, PA
Posted

What happens when a tax lien certificate for a New Jersey property is not sold at the tax sale?  Here in PA we have a list called the repository list where properties sit if they are not sold at any of the tax deed auctions.  Is there something similar in New Jersey?  How would I find a list of those properties?

Most Popular Reply

User Stats

204
Posts
109
Votes
Ryan Goldfarb
  • Flipper/Rehabber
  • Jersey City, NJ
109
Votes |
204
Posts
Ryan Goldfarb
  • Flipper/Rehabber
  • Jersey City, NJ
Replied

@Joe P. - These days, at least in NJ, I haven't heard of anything not selling at auction (the auctions start at an 18% interest rate, which is unheard of in almost any asset class).

My understanding is that the city holds onto the tax lien certificate if it doesn't sell. At some point, they may foreclose and sell off the underlying real estate.

  • Ryan Goldfarb
  • Loading replies...