Legal Question in Tax Law in New Jersey

I purchased two tax lien certificates from a New Jersey Municipality. The Certificates show the property owner as Mary A. Propertyowner (not property owners name). I learned that the property owner was dead and informed the Municipality.

Pursuant to, NJSA 54:5-86.1: One acquiring title may request municipality to foreclose tax sale certificate as against omitted party. If the information contained within a Tax Lien Certificate is false is the Municipality responsible and should they foreclose against omitted parties?


Asked on 11/24/11, 5:08 am

1 Answer from Attorneys
Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

The Municipality will not foreclose. You must continue to pay the taxes for 2 years then start an In Rem Foreclosure. Such actions typically cost $3k to $5k depending upon the number of defendants and whether there is an answer filed.

I hope this helps!

Ron Cappuccio

http://taxlienesq.com/

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Answered on 11/24/11, 4:05 pm


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