15 Berry Court, Mount Olive, NJ 07836
Morris County, NJ
Sale amount
Bid set at auction
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How to get the amount
The amount is not printed in Morris, NJ's tax-sale listing. Tax sales are bid at the auction, and the rules differ by state.
- 1.Open the official listing for this county.
- 2.The county's tax office can confirm the amount owed on the parcel.
- 3.Bidding terms are published in the sale notice.
Property Details
Distress timeline
Sources: CivilView
How to act on this listing · NJ
Tax saleA tax sale certificate -- a lien, not the property: 'At the tax sale, title to the delinquent property itself is not sold' (NJ Division of Local Government Services). The certificate is sold 'subject to redemption at the lowest rate of interest, but in no case in excess of 18% per annum' (N.J.S.A. 54:5-32). Title comes only through a later Superior Court foreclosure of the right of redemption.
- Redemption
- The owner, heirs, prior certificate holder, mortgagee or occupant may redeem 'at any time until the right to redeem has been cut off' by foreclosure judgment (N.J.S.A. 54:5-54). A private holder may file to foreclose only after 2 years from the sale date; a municipality after 6 months; certified abandoned property at any time (N.J.S.A. 54:5-86).
- Deposit
- No deposit-and-balance structure: 'the winning bidder must immediately pay (pursuant to the local restrictions) the municipality the taxes and interest to date' and receives the certificate in exchange (DLGS). Any premium bid is also paid to the municipality and held on deposit without interest.
- Balance due
- Immediately at the close of the sale, on terms set by the municipal tax collector (DLGS).
- To bid
- Municipality-specific. The state guide tells bidders to contact the tax collector for local payment restrictions before the sale (DLGS).
- Where
- Each of New Jersey's municipalities holds its own sale through its tax collector; the law requires at least one tax sale per year where delinquencies exist (N.J.S.A. 54:5-19; DLGS).
- When
- Annual per municipality: a standard sale in the fiscal year after the taxes went unpaid, or an accelerated sale in the last month of the same fiscal year (N.J.S.A. 54:5-19).
Watch out for
- •Bidding runs backwards: interest is bid down from 18%, and once it hits 0-1% bidders pay a cash premium that earns nothing and escheats to the town if the lien is not redeemed or foreclosed within 5 years (DLGS; 54:5-32).
- •A redemption pays you the certificate amount plus interest plus a penalty of 2% (over $200), 4% (over $5,000) or 6% (over $10,000) of the certificate amount (54:5-61) -- inside the first 10 days only the sale amount plus interest (54:5-58).
- •Later taxes keep accruing; if you do not pay them the next year's certificate is sold and 'will be paramount to any prior certificate' (DLGS).
- •Record the certificate at the County Clerk within 90 days to protect it (DLGS).
- •The path to ownership is a 2-year wait and a Superior Court foreclosure action, not a deed at the sale (54:5-86).
Rules checked 2026-09-17 against codes.findlaw.com, nj.gov. Terms vary by county — confirm Morris County's own notice and the linked source before you bid. Not legal advice.
Due diligence checklist
- 01
Pull a title report
Confirm what liens survive the sale. Many tax sales wipe junior liens but not federal IRS or municipal liens. A title company can run this for ~$50-150.
- 02
Drive by the property
Check occupancy, exterior condition, signs of vandalism, neighborhood comps. You won't get inside before the auction in most cases.
- 03
Confirm the redemption window
NJ sheriff sales may have a redemption period where the original owner can buy the property back. Check with the prothonotary office before paying.
- 04
Have funds ready before bidding
Most sheriff/tax sales require payment same-day or within 24 hours via cashier's check or wire. Pre-approval letters are not accepted.
- 05
Run the numbers
Add holding costs (taxes, insurance, utilities), renovation budget, and selling costs to your max bid. A property at 60% of ARV often needs 30%+ in repairs.
- 06
Talk to a real-estate attorney
Distressed sales in NJ have rules that vary by county. A 30-min consult before your first auction is worth it.
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Disclaimer: Property data is collected from public county records and may not be fully current or accurate. Always verify information directly with the county before making any decisions.