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Updated 2 months ago on . Most recent reply

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Frank Del Corso
  • Investor
  • NJ
2
Votes |
25
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Sheriff Sale question

Frank Del Corso
  • Investor
  • NJ
Posted

Hello! I found a property on the Sheriff sale website in my county in NJ and the current status of the property is: 

Status History (Current Status:Bankruptcy/Adjourned - 9/24/2025)

I like the property and would buy it if it makes sense but I don't know where to start. I called and left messages with the attorney listed but I really wasn't sure what to even say in the message I left. Has anyone bought a property at a sheriff's sale and understand the process? I'd love to learn how this all works to see if this could be a good source of properties.

Thanks for any help here!

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

It means there is a pending bankruptcy that has to be dealt with before the sale so they continued it and there will be a new date. Do you know how Sheriff's sales work at all? These are all cash purchases with 10 percent down at the time you win the auction via cashier's check. You can not see the property and have no access. You get all the liens on the property and only some will be disclosed on the website. There are also groups that go to every auction every time so if you win, they let you win or bid you up. It's only for the most experienced investors to have any chance.

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