Revises tax lien foreclosure process to protect equity accrued by property owner in tax lien foreclosure.

The bill revises New Jersey’s tax lien foreclosure laws to comply with the United States Supreme Court’s decision in Tyler v. Hennepin County, Minnesota, et al., 143 S. Ct. 1369 (2023), and the New Jersey Appellate Division court decision in 257-261 20th Avenue Realty, LLC v. Alessandro Roberto, et al., A-3315-21 (December 4, 2023). The bill provides that in the case of a parcel of real property that is the subject of a foreclosure action filed in Superior Court, upon the approval of the action to foreclose the right of redemption by the court, the court shall not adjudge an absolute and.

Revises tax lien foreclosure process to protect equity accrued by property owner in tax lien foreclosure.

The bill revises New Jersey’s tax lien foreclosure laws to comply with the United States Supreme Court’s decision in Tyler v. Hennepin County, Minnesota, et al., 143 S. Ct. 1369 (2023), and the New Jersey Appellate Division court decision in 257-261 20th Avenue Realty, LLC v. Alessandro Roberto, et al., A-3315-21 (December 4, 2023). The bill provides that in the case of a parcel of real property that is the subject of a foreclosure action filed in Superior Court, upon the approval of the action to foreclose the right of redemption by the court, the court shall not adjudge an absolute and.