State Codes and Statutes

State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-5 > 54-5-51

54:5-51  Disposition of certificate of sale; permanent record.

54:5-51.  When the certificate of sale is not made to the municipality, it shall, unless so recorded within three months of the date of sale, be void as against a bona fide purchaser, lessee or mortgagee whose deed, lease or mortgage is recorded before the recording of the certificate.  After recording the tax sale certificate, the lien holder shall deliver a copy of the recorded certificate showing the book, page, date, and cost of recording to the tax collector.  The tax collector shall maintain the information as a permanent record.

amended 1997, c.190, s.4; 2009, c.320, s.9.