New Jersey Online Foreclosure Sale Act permits online foreclosure sales for real property.

The New Jersey Online Foreclosure Sale Act allows sheriffs or other authorized officers to conduct online foreclosure sales of real property. It permits these officers to contract with vendors for online foreclosure services, tailored to individual county needs. The bill mandates that vendors provide a non-electronic bidding option, such as a paper bid packet. It also requires online notices of the sale to be published on the Internet website where the sale will occur. The total fees charged by a vendor are capped at $1,000 per auction, including administrative fees and seller's commissions.

New Jersey Online Foreclosure Sale Act permits online foreclosure sales for real property.

The New Jersey Online Foreclosure Sale Act allows sheriffs or other authorized officers to conduct online foreclosure sales of real property. It permits these officers to contract with vendors for online foreclosure services, tailored to individual county needs. The bill mandates that vendors provide a non-electronic bidding option, such as a paper bid packet. It also requires online notices of the sale to be published on the Internet website where the sale will occur. The total fees charged by a vendor are capped at $1,000 per auction, including administrative fees and seller's commissions.