Pending judicial review any sheriff's sale where the Community Wealth Preservation Program is being used will be adjourned up until the last 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 establishing a Neighborhood Wealth Preservation Program to promote equity and fairness in foreclosure sales by providing brand-new and greater opportunities for foreclosed-upon homeowners and their next of kin, occupants, and other potential owner-occupants - in addition to not-for-profit community development corporations - to purchase and finance a foreclosed-upon home.

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

For more info, 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 quickly at 2:00 pm.

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

Among the functions of the Sheriff's Office is to perform the sale of real residential or commercial property after foreclosure proceedings have been completed.

Foreclosure sales are for real residential or commercial property just; the Sheriff's Office does not know if any structures are on the residential or commercial property. Further, we can not permit for potential bidders to enter and examine any structure that might be located on the residential or commercial property to be sold.

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

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

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

Sales of residential or commercial property are "open-type" auction sales (no sealed quotes). An opening bid of $100 is bid on the first round by the plaintiff. All subsequent quotes should 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 full payment of the bid, will receive a Sheriff's Deed. This deed does not provide clear title to the residential or commercial property. In order to get clear title, one must please all exceptional 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 recommend a title search before you in fact bid. Title searches are performed by personal companies. Their telephone numbers might be discovered in the yellow pages of the telephone directory site. A fee is charged. You may likewise do your own title search.

If you are the successful bidder on a piece of residential or commercial property, you are needed to post a deposit of 20% on the total bid rate. It needs to be paid by licensed check, treasurer's check, or cash. It must be paid immediately following the signing of the Conditions of Sale.

The balance of the bid 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 acquired is occupied, it is your obligation to have the occupants got rid of.

Deed recording charges must be paid by the purchaser to the County Clerk's office when the deed is recorded.

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 exceeding twenty-eight days for each adjournment. In order to request an adjournment an accused should: be called on the Writ of Execution, show ID confirming identity and submit a letter requesting the adjournment with a fee of $28 in money, money order or accredited check for EACH of his two adjournments. In the case of an offender's attorney we need your letter to state that you represent the defendant's in addition to the reason for adjournment. We will also accept a lawyer check.

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

To speed your questions 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 do not hesitate 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 are subject to special conditions. The Sheriff's conditions are as follows:
- The greatest bidder to be the purchaser.
- The buyer must pay 20% of the purchase cost in cash, certified check, cashier's check, or treasurer's check, sometimes of purchase with balance due in thirty days.
- If the purchaser stops working to comply with any of the conditions of sale, the residential or commercial property will be offered a 2nd time, the previous purchaser being delegated all losses and costs, and deposit to be retained by the Sheriff to be disbursed by court order.
- Sold based on restrictions of record which are unknown to me and overdue taxes or evaluations and such state of facts as a precise study would disclose.
- A deed to be provided to the purchaser within 2 week from date of sale, with lawful interest calculated on the balance due, from the 11th day after sale, till balance is paid.
- Immediately upon the conclusion of sale, must the successful bidder stop working to sign the conditions of sale and pay the 20% deposit as needed herein, the Sheriff will right away resell the residential or commercial property without more public ad.
- Sheriff's fee and commissions are drawn from the struck off purchase cost. All Sheriff's Sales are sold based on a very first and 2nd mortgage, if any, and any Municipal, State or Federal liens, if any.

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

We strongly prompt anyone who is not acquainted with Sheriff's Sale Procedures to seek legal suggestions and to have a Title Search run on the residential or commercial property before bidding on any residential or commercial property. The search will expose if there are impressive liens, which the bidder would assume if he is the greatest bidder.

Sheriff's Sales are held as an open auction. The Attorney for the Plaintiff will begin the bidding at $100.00. The bidding will continue up until the greatest bid is reached, and the greatest bidder will be the buyer. The Plaintiff's lawyer generally does not permit the bid to choose less than the Judgment quantity due his client. He will bid until he has actually reached his Upset Price. A Disturbed Price is the overall of the Judgment due, interest, attorney's costs, Sheriff's fees, advertising expenses and commissions. Once the attorney has reached his Upset Price he might stop bidding and the greatest bidder, thereafter, will be the successful bidder.

The Sheriff's Sales are hung 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 advertised for four weeks every Tuesday in the Trenton Times and the Trentonian previous to sale. On the 4th and final week of marketing, the residential or commercial property is sold on that Wednesday if the sale has not been adjourned. The Plaintiff's attorney might adjourn as lot of times as is necessary for any reason.

If you are preparing to participate in a Constable's Sale, you should check the Sales Notices posted online website (click on this link) before or on sale date, to be sure the sale has not been adjourned, positioned in Bankruptcy stay or cancelled.

This workplace will publish a notification of sale on the residential or commercial property during the week of the very first advertising. Our workplace does not get in the facilities being sold for any other factor. Until the sale is final, the defendant (owner) has all rights and advantages of privacy to his residential or commercial property. A bidder wanting 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, attempt to save his home or residential or commercial property in a number of methods. He may attempt to reinstate his overdue amount owed, pay the judgment in complete, obtain another loan, and so on. He may also try to sell the residential or commercial property in order to pay the Judgment and at the same time benefit from the profits. The offender has a 10 day Redemption Period after the sale throughout which time he might challenge the sale through the courts or redeem the residential or commercial property. The bidder, in this case, would get his 20 percent deposit back.

The Sheriff's sale deed will be prepared and ready in around 2 week after the sale. The balance due on the sale need to be paid no later on than one month after sale, in accordance with the conditions of sale. It's the obligation of the purchaser to tape-record the deed in the Registrar of Deeds office. It is the sole obligation of the purchaser to alert 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 office will serve the Writ upon the offender which will advise him to vacate the facilities within a particular amount of time. If the defendant has actually not abandoned by the specified 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 offender's personal belongings gotten rid of and stored in a place of safe keeping. The costs of the moving and storage is the obligation of the buyer. A Writ of Possession is not necessary if the residential or commercial property is uninhabited before, throughout or after the sale.

Surplus Funds

Surplus Funds are specified as the amount of funds gathered over the judgment quantity, fees, expenses and commissions that are due to the plaintiff and Sheriff. Surplus funds are generated when a third party buyer buys the residential or commercial property for more than the upset amount. 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 readily available to the accused.

This can be established by checking if the quantity the residential or commercial property was cost is more than the amount 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 any surplus funds to the New Jersey State Superior Court, c/o Trust Fund Unit, after the purchaser has actually paid the balance of the purchase cost, costs are deducted, and all monetary transactions are settled. This implies that the funds are not readily available instantly following the sale, as there are instances when the Trust Fund Unit may not get these funds for up to 2 months after the sale.

If you are the house owner with a foreclosure case in our office and you believe there was a surplus from the sale of your home, you can contact our workplace or you can call 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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