Sheriff's Foreclosure Sale

Pending judicial evaluation any sheriff's sale where the Community Wealth Preservation Program is being made use of will be adjourned up until the last result of court case (MER-C-94-24).

BEGINNING JANUARY 10, 2024, SHERIFF'S SALES IN MERCER COUNTY WILL BE HELD

EVERY TWO WEEKS

NOTICE Regarding the Community Wealth Preservation Program

On January 12, 2024, Governor Phil Murphy signed legislation into State law developing a Community Wealth Preservation Program to promote equity and fairness in foreclosure sales by supplying brand-new and higher opportunities for foreclosed-upon homeowners and their near relative, tenants, and other prospective owner-occupants - along with nonprofit neighborhood development corporations - to acquire and fund a foreclosed-upon home.

NOTE: THIS PROGRAM EXCLUDES THOSE PURCHASING PROPERTIES FOR INVESTMENT PURPOSES.

For more info, see P.L. 2023, c. 255, https://pub.njleg.state.nj.us/Bills/2022/A6000/5664_R3.PDF

Sheriff Sales will be held at the Mercer County Civil Courthouse, 175 South Broad Street, Trenton, every other Wednesday.

Sheriff Sales will start promptly at 2:00 pm.

( Please note that the Sheriff's Sale List is upgraded on Mondays, Wednesdays, and Thursdays)

One of the functions of the Sheriff's Office is to conduct the sale of genuine residential or commercial property after foreclosure proceedings have been finished.

Foreclosure sales are genuine residential or commercial property just; the Sheriff's Office does not understand if any structures are on the residential or commercial property. Further, we can not permit for prospective bidders to get in and check any structure that may be located on the residential or commercial property to be sold.

All residential or commercial properties cost auction at the Sheriff's Office are marketed Tuesday in the Trenton Times and the Trentonian. Advertisements appear when a week for four successive weeks prior to the preliminary date of sale.

In addition to paper ads, notifications of sale are published for public viewing here on the internet website (click on this link) or outside the Sheriff's Office, on the first flooring, 175 South Broad Street, Trenton, New Jersey.

The Sheriff's Office does not have a list, for basic circulation, of the residential or commercial properties to be offered. Persons interested in residential or commercial properties can make their own lists from paper legal advertisements.

Sales of residential or commercial property are "open-type" auction sales (no sealed quotes). An opening bid of $100 is bid on the first round by the plaintiff. All subsequent quotes should begin at $100 over the upset and continue at $1,000.00 increments. The residential or commercial property is offered to the highest bidder.

The effective bidder, upon complete payment of the bid, will get a Constable's Deed. This deed does not offer clear title to the residential or commercial property. In order to acquire clear title, one need to satisfy all impressive liens and encumbrances. If a buyer does not complete the sale he can be held responsible for his deposit.

If you are interested in a specific piece of residential or commercial property, we recommend a title search before you in fact bid. Title searches are carried out by personal companies. Their telephone numbers may be found in the yellow pages of the telephone directory. A cost is charged. You might likewise do your own title search.

If you are the successful bidder on a piece of residential or commercial property, you are required to publish a deposit of 20% on the overall bid rate. It should be paid by accredited check, treasurer's check, or money. It should be paid immediately following the finalizing of the Conditions of Sale.

The balance of the quote is payable and due on the 30th day from the date of sale. Lawful interest is charged on the balance due from the 11th to the 30th day.

If the residential or commercial property you purchased is inhabited, it is your responsibility to have the occupants got rid of.

Deed recording fees must be paid by the buyer to the County Clerk's office when the deed is taped.

Rights of Defendants

Most of the times, the residential or commercial property, even after the sale, can be redeemed by the owner for a duration of 10 calendar days from the date of sale.

The Sheriff has the discretionary right to make 2 adjournments of the sale, and no more, not exceeding twenty-eight days for each adjournment. In order to request an adjournment an offender must: be named on the Writ of Execution, show ID validating identity and submit a letter requesting the adjournment with a fee of $28 in money, money order or accredited check for EACH of his 2 adjournments. In the case of a defendant's attorney we require your letter to state that you represent the defendant's in addition to the reason for adjournment. We will also accept an attorney check.

All charges and commissions that are collected by the Sheriff's Office are turned over to the General Treasury of the County of Mercer.

To speed your query on a particular piece of residential or commercial property, it is practical if you refer to the residential or commercial property by its address or docket number, which appears in the legal advertisement. Please feel complimentary to get in touch with the Sheriff's Sales Office at (609) 989-6102, 847-3965, or 281-7212.

Sales are carried out Wednesday at 2 p.m.

Sheriff Sale Procedures

- All foreclosures go through unique conditions. The Sheriff's conditions are as follows:
- The greatest bidder to be the purchaser.
- The purchaser needs to pay 20% of the purchase rate in cash, certified check, cashier's check, or treasurer's check, sometimes of purchase with balance due in thirty days.
- If the buyer fails to abide by any of the conditions of sale, the residential or commercial property will be sold a 2nd time, the previous buyer being delegated all losses and expenses, and deposit to be kept by the Sheriff to be disbursed by court order.
- Sold subject to limitations of record which are unidentified to me and unsettled taxes or evaluations and such state of realities as a precise study would disclose.
- A deed to be delivered to the purchaser within 2 week from date of sale, with lawful interest calculated on the balance due, from the 11th day after sale, up until balance is paid.
- Immediately upon the conclusion of sale, needs to the effective bidder stop working to sign the conditions of sale and pay the 20% deposit as needed herein, the Sheriff shall right away resell the residential or commercial property without more public ad.
- Sheriff's fee and commissions are taken from the struck off purchase price. All Sheriff's Sales are sold subject to a first and 2nd mortgage, if any, and any Municipal, State or Federal liens, if any.

The attorney representing the Plaintiff will have his own conditions of sale.

We highly advise anybody who is not knowledgeable about Sheriff's Sale Procedures to look for legal guidance and to have a Title Search worked on the residential or commercial property before bidding on any residential or commercial property. The search will reveal if there are outstanding liens, which the bidder would presume if he is the highest bidder.

Sheriff's Sales are held as an open auction. The Attorney for the Plaintiff will start the bidding at $100.00. The bidding will continue till the greatest bid is reached, and the highest bidder will be the buyer. The Plaintiff's attorney generally does not enable the quote to opt for less than the Judgment amount due his customer. He will bid until he has actually reached his Upset Price. A Disturbed Price is the total of the Judgment due, interest, attorney's costs, Sheriff's charges, marketing expenses and commissions. Once the attorney has reached his Upset Price he might stop bidding and the highest bidder, afterwards, will be the successful bidder.

The Sheriff's Sales are held on Wednesdays at 2 p.m. at:

Mercer County Sheriff's Office,
175 South Broad Street,
Trenton, New Jersey

Download the Sheriff's Real Estate Sales Information Bulletin

The Sheriff's Sales are promoted for four weeks every Tuesday in the Trenton Times and the Trentonian previous to sale. On the fourth and final week of advertising, the residential or commercial property is sold on that Wednesday if the sale has actually not been adjourned. The Plaintiff's attorney may adjourn as numerous times as is necessary for any reason.

If you are planning to participate in a Constable's Sale, you should examine the Sales Notices published on the WEB website (click on this link) before or on sale date, to be sure the sale has not been adjourned, placed in Bankruptcy stay or cancelled.

This office will post a notice of sale on the residential or commercial property throughout the week of the first marketing. Our workplace does not enter the facilities being sold for any other factor. Until the sale is last, the defendant (owner) has all rights and privileges of personal privacy to his residential or commercial property. A bidder wanting to approach the owner to see the residential or commercial property before the sale, is advised that he is on his own.

The owner of the residential or commercial property may at anytime, prior to sale, attempt to save his home or residential or commercial property in numerous ways. He might attempt to reinstate his overdue amount owed, pay the judgment completely, get another loan, etc. He may likewise try to offer the residential or commercial property in order to pay the Judgment and at the exact same time make money from the proceeds. The offender has a 10 day Redemption Period after the sale during which time he may challenge the sale through the courts or redeem the residential or commercial property. The bidder, in this case, would get his 20 percent deposit back.

The Sheriff's sale deed will be prepared and prepared in roughly 2 week after the sale. The balance due on the sale should be paid no later on than one month after sale, in accordance with the conditions of sale. It's the responsibility of the buyer to tape the deed in the Registrar of Deeds office. It is the sole responsibility of the buyer to alert the owner he has actually bought the residential or commercial property and now holds the deed to the residential or commercial property. If the offender does not willingly leave the residential or commercial property, the buyer needs to use to the court for a Writ of Possession. Our workplace will serve the Writ upon the offender which will encourage him to abandon the facilities within a specific period of time. If the defendant has actually not left by the mentioned tentative date, the Sheriff's Office will set a last date to have a moving van sent out to the residential or commercial property and have the accused's individual valuables gotten rid of and kept in a place of safe keeping. The expenses of the moving and storage is the responsibility of the buyer. A Writ of Possession is not required if the residential or commercial property is vacant before, throughout or after the sale.

Surplus Funds

Surplus Funds are defined as the amount of funds gathered over the judgment quantity, fees, costs and commissions that are due to the complainant and Sheriff. Surplus funds are produced when a third party buyer purchases the residential or commercial property for more than the upset amount. The main function of surplus funds is to pay any junior lien holders. Any funds left over after these lien holders are paid would be offered to the offender.

This can be ascertained by checking if the quantity the residential or commercial property was cost is more than the quantity of the judgment. An example of this would be - Cost is $150,000 & judgment is $120,000, there would be a possibility that there is a surplus.

The Sheriff's Office sends out any surplus funds to the New Jersey State Superior Court, c/o Trust Fund Unit, after the purchaser has paid the balance of the purchase cost, fees are deducted, and all monetary deals are settled. This means that the funds are not easily available instantly following the sale, as there are circumstances when the Trust Fund Unit might not receive these funds for up to 2 months after the sale.

If you are the homeowner with a foreclosure case in our workplace and you think there was a surplus from the sale of your home, you can call our workplace or you can contact the Trust Fund Unit straight at 609-292-4012.

More Information

- Foreclosure Sale Courtroom Conduct
- Sheriff's Real Estate Sales Information Bulletin [PDF 58k]- Sheriff's Foreclosure List