TriStateMixer is the Largest Real Estate Investment Association in NY, NJ, & PA
For those of you who are engaged in commercial real estate, and particularly multi-tenant shopping centers, I wanted to alert you to a recent and important decision from our NJ Courts regarding…Continue
Started this discussion. Last reply by Florence Crosby Oct 27, 2013.
I am currently rehabbing a large property in the Trenton/ Ewing Township area in Mercer County. I am looking for contractors for a wide variety of work (painting, drywall repair, kitchen and bath,…Continue
Started this discussion. Last reply by 392g210a8514d Sep 3, 2016.
In New Jersey, tax sale certificates are required to be sold by municipalities if a property owner fails to pay his/ her property taxes. The municipal tax collector holds a public sale (after advertisement/ posting) and then sells the Tax Sale Certificate (TSC) to the highest bidder at a public tax sale. Bidding actually goes “down” and not “up”, meaning that bidders compete against one another based upon the interest rate they are willing to accept – starting at 18% and then going down. If…Continue
Posted on February 19, 2018 at 12:54pm
A recent decision has been issued by the NJ Superior Court where a sale of a distressed property was stripped from the buyer and given back to a former owner. It is under appeal, but it spells TROUBLE for distressed property buyers if it is allowed to stand.
In the strange case, a tax lien investor completed a tax foreclosure and then received Final…Continue
Posted on November 16, 2015 at 6:29pm — 1 Comment
Purchasers at New Jersey Sheriff Sales Must Beware of Pending Tax Appeals
By Anthony L. Velasquez, Esq.
On September 8, 2014, the NJ Appellate Court issued a published decision in Princeton South Investors v. First American Title Insurance (A-850-12) upholding the denial of a title insurance claim that was brought by the buyer of a property at a Sheriff Sale. The buyer had claimed that at the time of the Sheriff Sale there was a tax appeal…Continue
Posted on October 24, 2014 at 1:00pm
Municipal Tax Liens Afforded Protection By Court - June 25, 2014
Earlier this week, on June 25, 2014, a decision from the NJ Supreme Court has bolstered the position of tax sale certificate holders throughout New Jersey -- particularly those seeking to enforce their rights and foreclose upon a property where the property owner has sought bankruptcy protection. It is a landmark decision and it helps to solidify and…Continue
Posted on June 27, 2014 at 8:17pm — 1 Comment