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September 06, 2010
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TAX DEPARTMENT  
Tax Sale For Water & Sewer  

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DATE:  OCTOBER FOR WATER AND SEWER CHARGES

ADVERTISMENT:  2-4 WEEKS PRIOR TO SALE DATE. 
                         NEWSPAPER 
USED IS THE TRENTON TIMES. 

TIME:  8:30 AM UNTIL FINISHED

PLACE:  CITY COUNCIL CHAMBERS, 2ND FLOOR

            CITY HALL, 319 E. STATE STREET

            TRENTON, NEW JERSEY 08608

PROPERTIES AVAILABLE FOR SALE:  APPROXIMATELY 800 TOTALLING $450,000

BIDDING PROCESS:  Bidding is on the interest rate beginning at 18% and going down.  If  the rate is bid to 0% then the bidding is on a dollar premium based on the highest amount bid.

PURCHASER:  Purchasers, or their representatives must be present and register two business days prior to the sale date.  Anyone not registered will not be able to bid.

METHOD OF PAYMENT:  CASH, CERTIFIED CHECK OR WIRE TRANSFER ON DAY OF SALE

UPON RECEIPT OF YOUR TAX SALE CERTIFICATE(S) YOU SHOULD RECORD THEM WITH THE MERCER COUNTY CLERK’S OFFICE.  RECORDING, SEARCH AND OTHER FEES ASSOCIATED WITH THE ENFORCEMENT OF THE CERTIFICATE CAN BE RECOUPED UPON REDEMPTION BY FILING A AFFIDAVIT OF EXPENSE WITH THE TAX OFFICE

REDEMPTION PERIOD:  TWO YEARS

FORECLOSURE:  AFTER TWO YEARS, PURCHASER MUST HIRE THEIR OWN ATTORNEY

                       TO CONDUCT FORECLOSURE PROCEEDINGS.

FOR FURTHER INFORMATION CONTACT CITY OF TRENTON TAX OFFICE (609) 989-3070, FAX (609) 989-4248.


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