Foreclosures

Foreclosure requirements for service

  • The original Writ of Execution PLUS two (2) copies

  • Full metes and bounds description – CLEAR COPY

  • Concise description to include Township of, Street Address, Tax Lot and Block Number, Approximate Dimensions and Nearest Cross Street
  • Sheriff’s Affidavit of Consideration signed and notarized

  • $1,500.00 deposit Attorney Check*


* Checks are to be made payable to the Ocean County Sheriff’s Office

FORECLOSURE COMMISSIONS:


EXECUTION OF SALES FEESCOMMISSION
Commission on sums not exceeding $5,000.006%
Commission on sums exceeding $5,000.00 on such excess4%
Minimum Commission$50.00

EXECUTION OF SALES SETTLED WITHOUT ACTUAL SALECOMMISSION
Commission on sums not exceeding $5,000.003%
Commission on sums exceeding $5,000.002%


FORECLOSURE TERMINOLOGY

Cancelled: Sale withdrawn
Purchased: The property has been sold
Redemption: Judgement was paid off within 10 days of sale or until the deed is delivered
Adjourned: Sale date has been postponed
Bankrupt: Defendant filed for bankruptcy protection