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NJ A3465
Bill
Status
1/13/2026
Primary Sponsor
Yvonne Lopez
Click for details
AI Summary
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Expands exceptions allowing persons who acquired property interests below fair market value to join tax lien foreclosure proceedings in New Jersey
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Creates two new written certification options: transferors can acknowledge reviewing a licensed appraiser's fair market value appraisal and voluntarily consent to sell below that value, OR acknowledge being advised of appraisal rights but voluntarily choosing to sell without one
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Retains existing exceptions for family members, those with close personal relationships to transferors, and persons who acquired interests through judicial sales
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Amends P.L.1954, c.186 (C.54:5-89.1) to provide property transferors with documented protections when knowingly selling below market value during pending foreclosure actions
Legislative Description
Clarifies exceptions regarding certain requirements for person seeking to be made party in certain foreclosure actions.
Housing
Last Action
Introduced, Referred to Assembly Housing Committee
1/13/2026