NJ A2269

Expands exceptions allowing a person who acquired property for less than fair market value to join a tax foreclosure proceeding as a party defendant

Permits joinder when the transferor provides written certification that they reviewed an appraisal from a licensed real estate appraiser and voluntarily agreed to sell below market value

Permits joinder when the transferor certifies they were advised of their right to obtain an appraisal but voluntarily chose to proceed without one and sell for less than fair market value

Maintains existing exceptions for transfers between persons related by blood or marriage, those with close personal relationships, and interests acquired at judicial sales

Amends P.L.1954, c.186 (C.54:5-89.1) governing actions to foreclose the right of redemption on properties sold for unpaid taxes or municipal liens