Trenton Tax Liens

[Kay Bush]

Where can I find lien records for Trenton NJ? I tried Mercer County records. I can't seem to find the proper website. I keep chasing my tail. What else should I look for when buying a property lien wise?

[Rick Stein]

Hi, Kay,

 Go to Trentonnj.org and look up tax liens. The last sale date was in June. Investing in tax liens can be a tricky business. The owner of the property has a 2 year right of redemption after you purchase the lien. If he redeems, you get the principle and interest. That's fine. But if he does not redeem and you hope to eventually foreclose on the property, you must keep the taxes current or a subsequent purchaser of liens can foreclose you out or you would have to pay subsequent lien holders principle and interest when you foreclose. Also, if you are investing in Trenton and you hope to foreclose after 2 years, you must ask your self what condition the property will be in when you finally take possession. Also, keep in mind that NJ is a judicial state and  it can take an additional 6 months to a year to finally own the property. I am not trying to scars you but just give you a few caveats. There are other considerations, but this is good to start. 

Good luckluck