New Jersey Online Foreclosure Sale Act; permits online foreclosure sales for real property.
The "New Jersey Online Foreclosure Sale Act" requires the sale of foreclosed-upon property in an electronic, online forum that is open to the public. The bill requires the sheriff or other officer or person conducting the electronic, online foreclosure sale, and the contracted vendor, to require each prospective bidder to verify their identity through an identification verification process prior to placing a bid.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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