Pending judicial review any sheriff's sale where the Community Wealth Preservation Program is being made use of will be adjourned until the final result of court case (MER-C-94-24).

BEGINNING JANUARY 10, 2024, SHERIFF'S SALES IN MERCER COUNTY WILL BE HELD

EVERY TWO WEEKS

NOTICE Regarding the Community Wealth Preservation Program

On January 12, 2024, Governor Phil Murphy signed legislation into State law developing a Community Wealth Preservation Program to promote equity and fairness in foreclosure sales by offering brand-new and higher opportunities for foreclosed-upon homeowners and their near relative, occupants, and other prospective owner-occupants - in addition to not-for-profit community advancement corporations - to buy and finance a foreclosed-upon home.

NOTE: THIS PROGRAM EXCLUDES THOSE PURCHASING PROPERTIES FOR INVESTMENT PURPOSES.

For more details, see P.L. 2023, c. 255, https://pub.njleg.state.nj.us/Bills/2022/A6000/5664_R3.PDF

Sheriff Sales will be held at the Mercer County Civil Courthouse, 175 South Broad Street, Trenton, every other Wednesday.

Sheriff Sales will begin without delay at 2:00 pm.

( Please keep in mind that the Sheriff's Sale List is updated on Mondays, Wednesdays, and Thursdays)

One of the functions of the Sheriff's Office is to conduct the sale of genuine residential or commercial property after foreclosure proceedings have actually been completed.

Foreclosure sales are for real residential or commercial property just; the Sheriff's Office does not understand if any structures are on the residential or commercial property. Further, we can not give authorization for potential bidders to go into and check any structure that might be located on the residential or commercial property to be offered.

All residential or commercial properties cost auction at the Sheriff's Office are advertised Tuesday in the Trenton Times and the Trentonian. Advertisements appear when a week for four consecutive weeks prior to the preliminary date of sale.

In addition to newspaper ads, notifications of sale are published for public watching here on the WEB website (click on this link) or outside the Sheriff's Office, on the very first flooring, 175 South Broad Street, Trenton, New Jersey.

The Sheriff's Office does not have a list, for basic circulation, of the residential or commercial properties to be offered. Persons interested in residential or commercial properties can make their own lists from paper legal ads.

Sales of residential or commercial property are "open-type" auction sales (no sealed quotes). An opening quote of $100 is bid on the preliminary by the complainant. All subsequent quotes need to begin at $100 over the upset and continue at $1,000.00 increments. The residential or commercial property is sold to the highest bidder.

The successful bidder, upon complete payment of the bid, will get a Sheriff's Deed. This deed does not provide clear title to the residential or commercial property. In order to get clear title, one need to please all outstanding liens and encumbrances. If a buyer does not complete the sale he can be held accountable for his deposit.

If you have an interest in a specific piece of residential or commercial property, we suggest a title search before you actually bid. Title searches are conducted by personal firms. Their telephone numbers may be discovered in the yellow pages of the phone book. A cost is charged. You may likewise do your own title search.

If you are the effective bidder on a piece of residential or commercial property, you are needed to publish a deposit of 20% on the total quote cost. It should be paid by accredited check, treasurer's check, or money. It must be paid instantly following the finalizing of the Conditions of Sale.

The balance of the quote is payable and due on the 30th day from the date of sale. Lawful interest is charged on the balance due from the 11th to the 30th day.

If the residential or commercial property you purchased is inhabited, it is your obligation to have the occupants eliminated.

Deed recording charges need to be paid by the buyer to the County Clerk's workplace when the deed is taped.

Rights of Defendants

For the most part, the residential or commercial property, even after the sale, can be redeemed by the owner for a period of 10 calendar days from the date of sale.

The Sheriff has the discretionary right to make two adjournments of the sale, and no more, not going beyond twenty-eight days for each adjournment. In order to request an adjournment an accused need to: be named on the Writ of Execution, show ID verifying identity and submit a letter requesting the adjournment with a fee of $28 in money, money order or accredited check for EACH of his 2 adjournments. In the case of a defendant's attorney we require your letter to state that you represent the offender's in addition to the factor for adjournment. We will likewise accept an attorney check.

All costs and commissions that are gathered by the Sheriff's Office are turned over to the General Treasury of the County of Mercer.

To speed your inquiry on a particular piece of residential or commercial property, it is helpful if you refer to the residential or commercial property by its address or docket number, which appears in the legal advertisement. Please feel totally free to get in touch with the Sheriff's Sales Office at (609) 989-6102, 847-3965, or 281-7212.

Sales are performed Wednesday at 2 p.m.

Sheriff Sale Procedures

- All foreclosures undergo special conditions. The Sheriff's conditions are as follows:
- The greatest bidder to be the buyer.
- The purchaser must pay 20% of the purchase rate in cash, certified check, cashier's check, or treasurer's check, sometimes of purchase with balance due in thirty days.
- If the purchaser fails to adhere to any of the conditions of sale, the residential or commercial property will be offered a 2nd time, the former purchaser being delegated all losses and expenses, and deposit to be maintained by the Sheriff to be paid out by court order.
- Sold subject to limitations of record which are unknown to me and overdue taxes or evaluations and such state of facts as an accurate study would disclose.
- A deed to be delivered to the purchaser within 14 days from date of sale, with legal interest computed on the balance due, from the 11th day after sale, up until balance is paid.
- Immediately upon the conclusion of sale, ought to the effective bidder stop working to sign the conditions of sale and pay the 20% deposit as needed herein, the Sheriff shall immediately resell the residential or commercial property without additional public advertisement.
- Sheriff's fee and commissions are taken from the struck off purchase cost. All Sheriff's Sales are sold based on a very first and second mortgage, if any, and any Municipal, State or Federal liens, if any.

The attorney representing the Plaintiff will have his own conditions of sale.

We strongly urge anyone who is not acquainted with Sheriff's Sale Procedures to look for legal advice and to have a Title Search operated on the residential or commercial property before bidding on any residential or commercial property. The search will expose if there are outstanding liens, which the bidder would presume if he is the highest bidder.

Sheriff's Sales are held as an open auction. The Attorney for the Plaintiff will start the bidding at $100.00. The bidding will continue until the greatest quote is reached, and the greatest bidder will be the buyer. The Plaintiff's lawyer typically does not enable the bid to go for less than the Judgment quantity due his client. He will bid up until he has actually reached his Upset Price. A Disturbed Price is the total of the Judgment due, interest, lawyer's expenses, Sheriff's costs, marketing expenses and commissions. Once the attorney has reached his Upset Price he may stop bidding and the greatest bidder, thereafter, will be the successful bidder.

The Sheriff's Sales are held on Wednesdays at 2 p.m. at:

Mercer County Sheriff's Office,
175 South Broad Street,
Trenton, New Jersey

Download the Sheriff's Real Estate Sales Information Bulletin

The Sheriff's Sales are promoted for four weeks every Tuesday in the Trenton Times and the Trentonian prior to sale. On the 4th and last week of advertising, the residential or commercial property is sold on that Wednesday if the sale has not been adjourned. The Plaintiff's attorney might adjourn as often times as is required for any factor.

If you are planning to attend a Constable's Sale, you ought to examine the Sales Notices posted on the WEB website (click here) before or on sale date, to be sure the sale has not been adjourned, positioned in Bankruptcy stay or cancelled.

This workplace will post a notification of sale on the residential or commercial property throughout the week of the very first marketing. Our office does not get in the facilities being cost any other reason. Until the sale is last, the defendant (owner) has all rights and advantages of personal privacy to his residential or commercial property. A bidder wishing to approach the owner to see the residential or commercial property before the sale, is encouraged that he is on his own.

The owner of the residential or commercial property might at anytime, prior to sale, try to save his home or residential or commercial property in numerous ways. He may try to restore his overdue amount owed, pay the judgment in full, acquire another loan, etc. He might also attempt to sell the residential or commercial property in order to pay the Judgment and at the exact same time make money from the profits. The offender has a 10 day Redemption Period after the sale throughout which time he may challenge the sale through the courts or redeem the residential or commercial property. The bidder, in this case, would receive his 20 percent deposit back.

The Sheriff's sale deed will be prepared and ready in roughly 2 week after the sale. The balance due on the sale must be paid no behind one month after sale, in accordance with the conditions of sale. It's the obligation of the buyer to record the deed in the Registrar of Deeds workplace. It is the sole obligation of the purchaser to notify the owner he has bought the residential or commercial property and now holds the deed to the residential or commercial property. If the defendant does not voluntarily leave the residential or commercial property, the purchaser must use to the court for a Writ of Possession. Our workplace will serve the Writ upon the defendant which will recommend him to abandon the properties within a particular amount of time. If the defendant has not abandoned by the stated tentative date, the Sheriff's Office will set a last date to have a moving van sent out to the residential or commercial property and have the defendant's personal valuables removed and kept in a place of safe keeping. The expenses of the moving and storage is the obligation of the purchaser. A Writ of Possession is not necessary if the residential or commercial property is vacant before, throughout or after the sale.

Surplus Funds

Surplus Funds are defined as the amount of funds collected over the judgment quantity, charges, expenses and commissions that are because of the plaintiff and Sheriff. Surplus funds are produced when a 3rd celebration purchaser buys the residential or commercial property for more than the upset quantity. The primary function of surplus funds is to pay any junior lien holders. Any funds left over after these lien holders are paid would be offered to the offender.

This can be established by checking if the quantity the residential or commercial property was sold for is more than the quantity of the judgment. An example of this would be - Sold for is $150,000 & judgment is $120,000, there would be a possibility that there is a surplus.

The Sheriff's Office sends out any surplus funds to the New Jersey State Superior Court, c/o Trust Fund Unit, after the purchaser has paid the balance of the purchase rate, charges are deducted, and all monetary transactions are completed. This implies that the funds are not easily offered immediately following the sale, as there are circumstances when the Trust Fund Unit may not get these funds for up to 2 months after the sale.

If you are the homeowner with a foreclosure case in our workplace and you believe there was a surplus from the sale of your home, you can call our office or you can contact the Trust Fund Unit straight at 609-292-4012.

More Information

- Foreclosure Sale Courtroom Conduct
- Sheriff's Realty Sales Information Bulletin [PDF 58k]- Sheriff's Foreclosure List

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