NJ A1458

Requires courts to order sheriff's internet auctions of foreclosed tax lien properties instead of transferring ownership directly to tax lien certificate holders

Establishes payment priority from auction proceeds: first to reimburse the tax lien purchaser for all taxes paid plus interest and foreclosure costs, then to the municipality for any outstanding liens

Mandates sheriffs forward remaining auction proceeds to the former property owner within 14 days, allowing them to retain accumulated equity for housing or other expenses

Applies to non-municipal tax sale certificate holders who file foreclosure actions after the two-year redemption period expires

Takes effect immediately upon enactment