NJ Tax Liens -- What's the law say?
Hey All! I am interested in investing in tax liens. Several years ago I read Michael Pellegrino's book on Tax Liens but unfortunately I cannot find it anywhere in my home! I *think* I remember that in the book, he stated that in NJ, when tax liens aren't sold at the auction and are subsequently purchased on assignment (or "OTC"), the redemption period shrinks from 2 years to 6 months from the date of the **auction**. I also *think* I recall him also stating that if the property is abandoned, there is no redemption period. I searched through the NJ laws governing tax liens and sales (NJSA 54:5) and I cannot confirm any of this. Does anyone know if what I think I remember from the book is accurate??