New Jersey Attorney Law Review BlogNew Jersey attorney law review blog provided by LoFaro & Reiser, L.L.P., a New Jersey law firm concentrating in bankruptcy & creditors' rights, corporate law, criminal law & DWI, debt collection, estate planning, foreclosure, Internet law, litigation in state & federal courts, personal injury, real estate, wills, trusts & probate, and traffic tickets.NJ Tax Sale Foreclosure Doesn't Strip Municipality From Obtaining Dedicated Land- January 25, 2008 In a decision rendered on January 15, 2008, the New Jersey Supreme Court held that a tax sale certificate and subsequent foreclosure by the purchaser of a tax sale certificate did not prevent the municipality from obtaining the land, which prior owners had dedicated for public use as a park 78 years ago. However, the township must reimburse the tax sale certificate holder for its expenses plus interest, the Supreme Court ruled. The irony of this case is that the township sold the lot at a...http://newjerseylawreview.blogspot.com/2008/01/nj-tax-sale-foreclosure-doesnt-strip.html |