Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

foreclosures

Oct 03, 2016

Intervening In Tax Sale Foreclosures

Many real estate investors attend “tax sales” and buy up tax sale certificates on properties whose owners are behind on their real estate taxes. Municipalities, in order to generate cash flow, will offer to the public the opportunity to bid in at a tax certificate sale on those properties whose taxes are seriously delinquent. Many certificates, depending on the bidding, will pay an attractive rate of interest, sometimes at or around 18%.» Read More

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