Sheriff Sale: 157-159 Madison Avenue Paterson NJ 07524

The bid is not the price. At a county sheriff sale the buyer can inherit debts attached to the property, so budget beyond the hammer.

Deposit on the day

Typically 10% to 20% of the bid in certified funds, balance due in 10 to 30 days.

Unpaid property taxes

Almost always survive the sale and become the new owner's liability.

Senior and government liens

Federal tax liens, HOA dues, and mechanic's liens can survive. Junior liens are usually wiped out.

No interior inspection

Most sheriff sales are sold unseen and as-is, with the occupant possibly still in place.

Run a title search before bidding. Terms vary by county and are set in the sale notice.