City to host virtual public information sessions on Dec. 1, 2020 and Dec. 3, 2020
Trenton, N.J. – Mayor W. Reed Gusciora today announced that on Dec. 9, 2020 at 10:00 a.m., the City of Trenton will conduct an online public auction of 50 city-owned properties, most of which are reserved for owners who commit to living in Trenton for five years.
All interested bidders must register at http://www.trentonnj.org/auction, where they can also find photographs and other information related to each property. Registration opens Nov. 25, 2020 and will be open until the morning of the auction.
Of the 50 properties, most are residential and require the bidder to commit to living at the property for five years. The auction includes multiple commercial properties and vacant lots as well.
The auction is being run by Trenton’s Department of Housing and Economic Development, which will also host virtual public information sessions on Dec. 1, 2020 at 10:00 a.m. and Dec. 3, at 6:00 p.m. Links for those meetings will be posted on the City of Trenton homepage and social media.
“For the first time ever, we are hosting an auction online to address any related COVID-19 concerns, broaden our reach, and make it as easy as possible to participate,” said Mayor Gusciora. “Our goal is to get these properties back to where they belong: in the hands of Trentonians who want to call this city their home.”
While registration for the auction is free, all bidders will be required to make a deposit of $1,000 in order to participate. The deposit will be credited to the purchase or refunded to bidders who do not successfully bid on any property.
The properties will be open for physical inspection prior to the auction. The dates and times will be posted on each property listing on the auction website. Pursuant to CDC COVID-19 guidelines, all potential bidders must always wear masks and practice social distancing during the inspections.
Successful bidders are required to make a non-refundable deposit of 10 percent of the successful bid within 24 hours of the day of the auction. The successful bidder will be notified by the City of the date and time to come to City Hall to execute the contract of sale. All other terms and conditions are available at https://bit.ly/38UR4Hl.