This course serves as an opportunity for agents to better understand the process and procedures for New Jersey
tax sales, New Jersey foreclosures, and real estate auctions, and will enable them to assist their clients who are pursuing any of these avenues of relief or acquisition.

TOPICS COVERED:
-New Jersey Tax Sales
-Review of what a tax sale is, legal requirements, owner notification, and the bidding process
-After the Tax Sale, Process for Redeeming the Tax Sale Certificate Liens
-Consequences of Unredeemed Liens New Jersey Foreclosures
-Overview of History of New Jersey Foreclosures since 2010
-Review of New Jersey Foreclosure Procedures and Timeline

-Delivery of Sheriff's Deed and Limited Right of Redemption
-Deficiency Judgment, Eviction Procedures, and Abandoned Property Issues

-Rights Under Service Members Civil Relief Act and Rights of Tenants in Foreclosed Properties
-Real Estate Auctions
-Defining a real estate auction, auctioneer qualifications, Role of the Auctioneer and the Ringman
-Benefits to Buyers and Sellers
-Buyer's Agent's Role and Agent Compensation
-Types of Auctions, Bidding, The Purchase Agreement and Closing