Foreclosure sales are for real property only: the Sheriff’s Office does not know whether person(s) occupy the property. Further, we cannot give permission for any perspective bidders to enter and inspect any structure that may be located on the property to be sold.
Properties are sold as is.
All properties sold at auction at the Sheriff’s Office are advertised on Wednesdays in the South Jersey Times and Thursdays in the Elmer Times. Advertisements appear each of the four weeks prior to the initial date of sale.
In addition to the newspaper advertising, notices of sale are posted for public viewing at the Salem County Sheriff’s Office, 94 Market Street, Salem, NJ.
Sales are conducted on specific scheduled Mondays at 2:00 P.M. at the following address: 85 Market Street, Salem, NJ, 08079 on the third floor in room #330.
Bidding and Terms
Sales of property are “open type” auction sales [no sealed bids]. A minimum bid of $100 is bid on the first round by the Plaintiff.
The successful bidder – upon full payment of the bid will receive a Sheriff’s Deed. This deed may not give clear title to the property. To obtain a clear title, one must satisfy all superior liens and encumbrances. If a purchaser does not complete the sale, s/he can be held liable for his deposit, and for all losses and expenses.
If you are interested in a property, we recommend a title search before you bid. Title searches are conducted by private firms for a fee. Legal questions concerning foreclosure sales should be directed to an attorney.
Purchase of Property
If the property you purchase is occupied, it is your responsibility to have the occupants removed.
The property can be redeemed by the owner within a period of 10 calendar days from the date of the sale. By law, the owner can declare bankruptcy within that same period. In certain cases, the redemption period may be longer.
There are times when the sale of property is not completed on the date advertised because of adjournments, settlements, or bankruptcies. We recommend calling the Sheriff’s Office on or before the scheduled date of the sale to determine the status of the sale.
To inquire on a specific property, refer to it by the name which appears in the legal advertisement. Further assistance is available through the Civil Process Unit of the Sheriff’s Office, (856)-935-7510 Ext. 8375.
Conditions of Sale
The highest bidder to be the purchaser.
The purchaser must pay the proper deposit in cash, limited to $1,000.00, Certified Check or Cashier’s Check, immediately upon the conclusion of the sale. All checks must be made payable to the Sheriff of Salem County pursuant to 2A:50-64, NO Company or Personal Checks will be accepted.
20% of the purchase price, in the form of certified or cashier check and/or cash, limited to $1,000.00, shall be paid when the property offered is struck off. If the successful bidder cannot satisfy this requirement, the bidder shall be in default and the Sheriff shall immediately void the sale and proceed further with the resale of the premises without the necessity of an adjournment, renotification or republication. Upon such release, the defaulting bidder shall be liable to the foreclosing plaintiff for any additional costs incurred by such default including, but not limited to, any difference between the amount of the bid by the defaulting bidder and the amount generated for the foreclosing plaintiff at the resale.
The balance of the purchase money shall be paid at the Sheriff’s Office within 30 days after the date of sale.
Lawful interest will be calculated on the unpaid balance from the 11th day after the sale until the balance is paid in full. The deed will be delivered to the purchaser, or may be picked up, within 11 days from the date of sale if the balance is paid in full.
The property is sold subject to all unpaid taxes, assessments, liens, encumbrances, and restrictions of record which are unknown to me at this time, also subject to water bills or assessments and such state of fact as an accurate survey and physical inspection of the premises may reveal. It is understood that no title search has been conducted with respect to the subject property.
Upon receipt of the proper deposit and signed acknowledgment of sale, should the purchaser fail to comply with any of the conditions of sale, that purchaser will be held responsible for all losses and expenses deemed by the Court and the deposit will be retained by the Sheriff pending further Order of the Court.
