Property Tax liens

[Sandy Reddy]

I am interested to buy a property in sheriff sale in NJ. It has first mortgage lien and a recent property tax lien recorded last month. If I end up the winning bidder, am I responsible to pay the property tax dues or does the bank that's foreclosing the property will take care of the tax lien ?

[Ibrahim Hughes]

Originally posted by @Ned Carey:

I assume a "Sheriff Sale" in NJ means a mortgage foreclosure auction. The real answer is in the terms of the auction, Who pays back taxes is a negotiable item. You need to know the terms you are agreeing to when bidding. 

 Now that you mention it Ned, there are also some tax foreclosures at sheriff sales if the US Government (i.e. IRS) is listed as a defendant. The OP should definitely know who is foreclosing and what liens he will be responsible for post winning auction bid. Sheriff sales have got to be among the riskiest investments and are really not for the new investor (imo).