The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
The "New Jersey Online Foreclosure Sale Act" permits foreclosure sales of real property to be conducted online. The bill outlines requirements for sheriffs and other authorized officers to utilize vendors for online auctions, detailing contract specifications, bidding procedures, fee structures, and security measures. It also updates existing statutes regarding foreclosure notices and sales processes to accommodate electronic sales.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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