Sheriff Sale in Nj

4 Replies

Hello All, I am kind of new to the bigger pockets forum. Pardon me if any of my questions doesnt make sense.

I am interested to buy a sheriff sale property in Hudson county NJ. And here are my findings

First recorded mortgage is with Bank A for X amount and has earliest recorded date

And second mortgage  is with Bank B for y amount and  recorded date is after Bank A recorded date.

First mortgage ONLY got re financed by Bank C and has a new latest recording date.

Now Bank C is foreclosing the property, since Bank C has the latest recording date, if I bid and win this property, am i responsible for second mortgage amount, as the second mortgage BANk B recording date is earlier to Bank C ?

Little confused with these recording dates. I am trying to find a foreclosure attorney to discuss in detail but meanwhile can some BP experts throw some light.


You need to find out if the first mortgage has been satisfied.

If not - it is in first positiion and would survive the sheriff sale = and you would be responsible for it.

You need to check the book and page on the homeowner in town records.

Second mortgage could be a line of credit.

not sure from your post which is forclosing.

Sometimes - they will announce another outstanding loan at the sheriff sale - BUT NOT ALWAYS!

so make sure to do your homework.  It might be worthwhile to pay a title company to look for you if you don't know how.

Eventually, when you research many properties = this becomes too expensive and you will need to learn how to do the research yourself.

good luck!

Hi Sandy, 

I have gone to the Hudson county sheriff sales and before the property goes up for auction the bank attorney will state all possible liens and estimated dollar amounts expected upon a close. Generally, it is a couple months of taxes, electric or hoa.

I would research the properties well before the sale and see which you have an interest in. My experience only 60-80% actually are purchased because the bank fails to have representation, the bank bids are higher than the public or no interest. 

I've gone to 6 sheriff sales and my prices I'm willing to offer are always lower than others unfortunately . I wouldn't plan on amazing deals, maybe 5%-10% less than market value. There are a lot of unknowns to factor in so it is tough to estimate