Tax Lien & Eminent Domain

[Glenn Gerisch]

A county in NJ is going to begin foreclosure using Eminent Domain on a property that I hold a tax lien on. Does anyone know if the lien gets paid off or whether I get stripped?

Appreciate the feedback.

Regards,

Glenn

[Glenn Gerisch]

So it looks like the county is going to take a portion of the property for road improvement purposes. The owner will be paid an appraised value and all liens remain in place. If the county had taken the entire parcel, the appraised value would be distributed first to lien holders, with the balance to the property owner. 

The only way a lien holder loses is if the appraised value is less than the lien.

Thanks everyone for your input.

Regards,

Glenn