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Updated about 7 years ago on . Most recent reply
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Tax Delinquent Properties (Tax Lien State)
Hey everyone,
Currently, I wholesale in the state of New Jersey and I focus on tax delinquent properties. However, the state of New Jersey is a tax lien state. I was wondering if I should still pursue/mail to tax delinquent properties before the tax auction? Due to New Jersey being a tax lien state homeowners can still own their properties AFTER the tax auction. Is there any effective way to wholesale tax delinquent properties in New Jersey while being an tax lien state?
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@Kirk Johnson yes you can wholesale a property. The owner is still the owner and can sell their property until a foreclosure case is final. The tax lien just gets paid off at settlement. With a tax lien the owner can still eventually lose their property, so that can be a motivating factor.
I vaguely recall hearing you can't contact owners in tax foreclosure in NJ. I have no idea if this is true but worth checking out with someone who know NJ law.