Foreclosures page 1
SALES ARE CONDUCTED ON TUESDAY, 2:00 P.M.
except on legal holidaysTuesdays at 2:00 PM - Sheriff's Sales will be held at the Administration Building, 101 Hooper Avenue, Room 119 - (corner of Hooper Avenue and Washington Street.)
OCEAN COUNTY JUSTICE COMPLEX
120 HOOPER AVE, TOMS RIVER, NJ 08753 Foreclosure Listing
For Inquiries regarding sales call
Foreclosure Fax - 732-288-7282 Map
The Foreclosure section processes all Writs of Execution pertaining to the Foreclosure of homes, property and businesses. Once the Writ is received, it is processed for sale, set up for advertising and the notice is posted. Adjournments, cancellations, settlements and bankruptcy petitions are also processed and settled prior to a property going to sale. After a property has been sold, the paperwork is processed, the deed is prepared and the writ is returned to court.
The sale of real property is conducted after foreclosure proceedings have been completed.
All foreclosure properties to be sold at public auction are advertised on the four consecutive Thursdays preceding the initial date of sale, in the Asbury Park Press and in a local township newspaper depending upon the location of the property.
Notices of sale are posted at the Ocean County Sheriff's Office, Justice Complex, 120 Hooper Ave, Toms River, NJ.
Sale properties can be adjourned, cancelled or a bankruptcy filed at any time and it is recommended that you contact the Office of the Sheriff - Foreclosure Unit to determine whether or not the sale is still scheduled. Sales can be adjourned up to 2:00 pm.
To facilitate your inquiry on a specific piece of property, please be sure you have the name of the defendant, which appears in the legal advertisement.
The title received at Sheriff’s Sale is governed by state statute
N.J.S.A. 2A: 17-41. The purchaser receives the same title as if the debtor had sold the real estate to the purchaser. He receives no more, nor less, than the debtor owned prior to the Sheriff’s Sale.
Foreclosure sales are for real property only; the Sheriff's Office does not know whether or not structures occupy the property.
Inspection of property is not permitted. Property is sold in “as is” condition.
If the property you purchased is occupied, it is your responsibility to have the occupants removed.
Conditions of Sale: (not a complete list)
At the time of sale, the Attorney for the Plaintiff opens the bidding at $100.00, which is the minimum bid. Bidding continues in $1000.00 increments, until the property is sold to the highest bidder.
The Sheriff’s fees, costs and commissions will be deducted from the purchase price.
Successful bidders must present 20% of the final bid price at the time of sale and are required to sign a purchase acknowledgement. Only cash, certified check, cashier’s check or Treasurer’s checks will be accepted.The balance is due within 30 days. Interest starts on the 15th day after sale.
If any dispute arises as to who may be the highest bidder, the property will be immediately resold.
Property can be redeemed by the owner up to 10 days after the sale or until the Deed is delivered.
Unless an objection to a sale is served upon the Sheriff, after passing the 10 day redemption period, the successful bidder, upon full payment of the bid, will receive a Sheriff's Deed. It is the purchaser’s responsibility to record the deed at the Ocean County Clerk’s Office.The purchaser must pay deed-recording fees to the County Clerk when the deed is recorded.
If a bankruptcy petition is filed after a property is sold, the purchaser’s deposit will not be returned to the purchaser. Until further direction is received from Superior Court or upon consent of counsel, the deposit will be held without interest.
Sales are subject to all outstanding liens, mortgages and encumbrances, which must be satisfied in order to obtain clear title. A title search will reveal this information and it is advisable to conduct this search prior to the purchase of any property, as the purchaser is responsible for these liabilities. An attorney would be able to advise you further.
If a purchaser does not complete the requirements of sale, he may be held liable for Sheriff's Fees and certain penalties as per Order of the Court and under Fair Foreclosure Act concerning the defaulting bidder.
If after the sale and satisfaction of the mortgage debt, including costs and expenses, there remains any surplus money, the money will be deposited into the Superior Court Trust Fund and any person claiming the surplus or any part thereof, may file a motion pursuant to Court Rules 4:64-3 and 4:57-2 stating the nature and extent of that person’s claim and asking for an order directing payment of the surplus money. The Sheriff or other person conducting the sale will have information regarding the surplus, if any.
The Ocean County Board of Health passed a Well Testing Ordinance 87-1, Section 10, on May 6, 1987, and amended on June 6, 1990, pertaining to the Sale or Transfer of Ownership of Real Property Upon Which A Well is Located, which states:
No real property or any interest in the same shall be sold or transferred after July 1, 1987, which utilizes a well for its potable water supply until the well has been sampled and analyzed. A complete copy of this Ordinance is available at the Office of the Sheriff.
Effective immediately, notice is hereby given that as per P.L. 2011, c.222, approved January 17, 2012: The law requires an owner who has taken title to a residential property, either through a sheriff’s sale or a deed in lieu of foreclosure, to provide the owner’s contact information, within 10 business days of taking title, to the municipality where the property is located and any association or common interest community of which the residential property is a part.
Owners residing outside of New Jersey shall designate a representative authorized to accept service of process on behalf of the owner and provide the municipality with the representatives contact information. Exempted from this law are those owners having already noticed the municipality as a creditor by serving a summons and complaint in foreclosure action pursuant to N.J.S.A. 46:10B-51.
Foreclosure requirements for service CONTINUED