Help needed on Tax Lien

[Oleg Shalumov]

Hello, BP members, could someone please clarify if I understand the below lien properly?

The below tax lien is for Year 2015, for the amount $6,211.65 with additional charges $15,201.66.

So the total lien amount is $6,211.65 + $15,201.66 = $21,413.31. Is that correct? Also, if we are in 2017 and the lien is from 2015 ... since NJ is holding liens for 2 year what are the dangers of buying this property?

Certificate Number:	16-00037	Sale Date:	01/04/2016	Lien Holder:	US BNK CUST PC6,LLC STERLING
Sale Amount:	6,211.65	Charge Types:	Tax	Year in Sale:	2015
Subsequent Charges:	15,201.66

Thank you very much for your help.

[Ned Carey]

@Oleg Shalumov I do not do NJ tax liens but here is my educated guess. 

The original tax lien  is the $6,211.65 number. The "Subsequent charges" are both interest and new taxes that have come due since the lien was purchased, 

The lien poses no risk to you as a buyer of the property. The lien gets paid out of the sellers proceeds at settlement. (this assumes wording of a typical contract of sale, and also assumes you get title insurance)