This is in reply to a question from Gina on the previous blog post “New Jersey Tax Sales“, but I thought that it would also be good information for everyone else, especially for those of you who invest in New Jersey.
First of all for the benefit of everyone else on who’s reading this blog let me explain what a sewer lien is. Delinquencies other than property taxes may be sold at a tax sale, like unpaid utility liens, sewer, water or garbage charges. basically anything that the local government (township, municipality, county or taxing district) would assess the property owner. These can be sold at the tax sale and tax lien certificate is issued. It is the same as purchasing a tax lien, the lien-holder is in first position and can foreclose on the property if the lien is not redeemed within the redemption period. The lien-holder also has the ability to pay the subsequent utility charges (or even the subsequent taxes) if the property owner does not pay them on time. Continue reading
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