NJ A3791

Requires sheriffs and authorized officers to conduct foreclosure sales of real property through electronic, online auctions rather than traditional in-person sales, with counties contracting vendors through competitive contracting processes

Caps total vendor fees at $1,000 per auction, including when properties are scheduled multiple times under a single foreclosure action, with fees paid from the purchaser's deposit or plaintiff's deposit with the sheriff

Mandates that all bids be publicly visible online in real-time, while keeping maximum bid amounts confidential until placed, and prohibits vendor employees from participating in auctions

Requires prospective bidders to verify identity through government-issued ID, biometric verification, or other secure methods, and successful bidders must provide detailed information including Office of Foreign Assets Control sanctions list screening

Vendors must provide a non-electronic bidding option (such as paper bid packets) for those unable to participate online, and notice of sale must include the auction website address in addition to traditional newspaper publication requirements