973-586-2300 ext. 102

SERVICES

newcourthousePellegrino & Feldstein offers legal representation and administration for clients with New Jersey tax lien investments.

Our law firm specializes in services for tax lien investors, particularly in foreclosures and litigation relating to NJ tax lien investments.

Foreclosure of NJ municipal tax liens

Generally tax liens cannot be foreclosed until 2 years after the tax sale. However, the waiting period is only 6 months for liens on abandoned properties and liens that are sold by assignment from the municipality as opposed to auction.

Representing tax lien investors in Bankruptcy Court

Michael Pellegrino and Deborah Feldstein have represented many tax lien holders to protect their investments in the case of Bankruptcy proceedings.

Real estate closings for our municipal tax lien investors

Legal services pertaining to Real Estate transactions include documenting and reviewing contracts, such as home purchases, leases and titles. If necessary, we file and make court appearances on your behalf.

Litigation relating to NJ municipal tax liens

An investor is issued a tax certificate which accrues interest until redeemed (paid off) by the property owner or another interested person. If the certificate is not redeemed within a period of time, the certificate holder may foreclose on the certificate and obtain title to the underlying property.

Assisting in the assignment (sale) of NJ municipal tax liens

Assignments of liens must be recorded in the County records in the County where the property is located. Tax certificates must be recorded within three months of the date of sale or the certificate will be void against any purchaser, lessee, or mortgagee of the property whose deed, lease or mortgage is recorded before the recording of the certificate.

Understanding New Jersey Tax Lien Law

Tax certificates are sold by municipal tax collectors to generate funds owed by delinquent tax payers. Municipalities depend on the collection of property taxes and other assessments to fund the many services provided to residents. Municipal governments could not operate without the consistent collection of these funds. In exchange for the payment of unpaid property taxes, an investor is issued a tax certificate which accrues interest until redeemed (paid off) by the property owner or another interested person. The certificate represents a high-priority lien on a delinquent tax payer’s property. If the certificate is not redeemed within a period of time, the certificate holder may foreclose on the certificate and obtain title to the underlying property.