New Jersey Hudson County Sheriff sale

New Jersey Hudson County Sheriff sale

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.

0Reply
24 views

2 Replies

Jump to latestLatest
  • Lender · Lakehurst, NJ · Member since 2015 · 176 posts · 51 votes
    10y

    unfortunately if you don't close you will lose your 20%.    You can most likely get some extention past the 30 days but not much 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.