39°
All properties sold by auction at the Justice Center in Hackensack are advertised in local publications for four consecutive weeks. A list of properties scheduled for sale during the upcoming week also is available for viewing at the Bergen County Sheriff’s Office at the Justice Complex off Ri
ver Road in Hackensack.
“If you are interested in a particular piece of property, a title search is recommended before you actually bid,” McGuire said. “You can conduct a title search on your own at the County Clerk’s office at no charge or you can hire a company to do a title search for you.”
Sales of property are “open type” auction sales. Initially the plaintiff ordinarily bids a minimum bid of $100 to get things rolling. Subsequent bids are in $100 increments. Bids in excess of $100,000 are in $1,000 increments.
The successful bidder is required to post a deposit of 20% of the total bid price in cash, certified or cashier’s check immediately at the closing of that sale.
Certified checks and cashier checks should be made out to you. If you are the highest bidder, the check will be endorsed over to the Bergen County Sheriff’s Office.
The balance of the bid is due in 30 calendar days from the date of the sale.
The successful bidder upon final payment of the bid will receive a Sheriff’s Deed. However: This Deed doesn’t give clear title to the property.
To obtain a clear title, all outstanding liens and encumbrances must be satisfied. If a purchaser doesn’t complete the sale, the purchaser can be held liable for the deposit.
Further assistance is available through the Foreclosure Unit at the Bergen County Sheriff’s Office (201) 336-3500 or at http://www.bcsd.us.
The Bergen County Sheriff’s Office is the county’s largest law enforcement agency. With a staff of more than 500, responsibilities include various services and functions that assist the community and protect its safety. Join Sheriff McGuire’s official FACEBOOK page for updates from the Sheriff’s Office, as well as press releases and photos. Also: Bergen Sheriff (Twitter)
Click here to follow Daily Voice Hackensack and receive free news updates.
