Real Estate Agent · Jersey City, NJ · Member since 2015 · 42 posts · 5 votes
I want to try and buy a property on a Sheriff sale (auction) in Hudson county in NJ. If i am the winning bidder and deposit the 20% of the bidding amount but fail to pay the remaining 80% within 30 days of the sale. Whats kind of impact would this have ? Do i pay some fine ? And how to get back my 20% deposit back.