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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
53
Votes |
78
Posts

Recording Tax Lien Certificates

Account Closed
  • Rental Property Investor
Posted

I have many tax lien certificates to record, but have not reached the 90 day mark yet. For those who buy hundreds or thousands of liens-

- Do you record all of them?

- If you don't record and the lien redeems after 90 days, is there any issues?

-is there a price point where is it not worth recording (below foreclosure costs)? 

-Is recording really only important if you plan to pursue foreclosure?  

Most Popular Reply

Account Closed
  • Rental Property Investor
53
Votes |
78
Posts
Account Closed
  • Rental Property Investor
Replied

@Ned Carey @Jerry K

luckily many counties in NJ participate in an e-recording site that streamlines the process...

From New Jersey Statues

Any and all assignments of a tax sale certificate purchased pursuant to this section shall be promptly recorded in the office of the county clerk or register of deeds, as the case may be, of the county wherein the real property is situate, and a photocopy of the recorded assignment shall be served upon the local tax collector by certified mail, return receipt requested. When assignments have not been recorded and served upon the tax collector, the tax collector and the municipality shall be held harmless for the payment of any redemption amounts to the holder of the tax sale certificate as appears on the records of the tax collector.

L.1943,c.149,s.1; amended 1997, c.190, s.11.

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