I purchased two tax lien certificates from a New Jersey Municipality. The Certificates show the property owner as Mary A. Propertyowner (not property owners name). I learned that the property owner was dead and informed the Municipality.
Pursuant to, NJSA 54:5-86.1: One acquiring title may request municipality to foreclose tax sale certificate as against omitted party. If the information contained within a Tax Lien Certificate is false is the Municipality responsible and should they foreclose against omitted parties?
Answer
The Municipality will not foreclose. You must continue to pay the taxes for 2 years then start an In Rem Foreclosure. Such actions typically cost $3k to $5k depending upon the number of defendants and whether there is an answer filed.
I hope this helps!
Ron Cappuccio
http://taxlienesq.com/
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