Foreclosure Auction: Housing Unit Montgomery Twp

Description

Auction Advisors, Special Master.
Foreclosure Sale of a Deed Restricted Affordable Housing Unit. Unit 7 at 33 River Birch Circle, Montgomery, New Jersey.
SUPERIOR COURT OF NEW JERSEY, CHANCERY DIVISION SOMERSET COUNTY DOCKET NO. F- 022684-18, NORTHFIELD BANK, Plaintiff, v. ARRACKA D. NELSON, MONTGOMERY GLEN HOMEOWNERS ASSOCIATION, INC. and THE TOWNSHIP OF MONTGOMERY, Defendants. By virtue of an Order of the Court in the above referenced matter, Auction Advisors was appointed Special Master and will expose the property in Somerset County commonly known as, and located at, Unit 7, 33 River Birch Circle, Montgomery, New Jersey, also identified as Lot 20.02 Qual. CONDO, Block 37006, with the nearest cross street of Scarlet Oak Drive, to sale at public venue on March 18, 2021 at 12:00 PM (prevailing time). The auction sale will be held on-site at the property. The Property will be open for inspection 1 hour before the auction and as otherwise set by the Special Master.
THE PROPERTY IS A DEED RESTRICTED AFFORDABLE HOUSING UNIT. THE DEED RESTRICTION WILL SURVIVE THE SALE. BIDDERS MUST BE PREQUALIFIED BASED ON INCOME STANDARDS PROMULGATED BY COMMUNITY GRANTS, PLANNING AND HOUSING (“CP&H”), THE AFFORDABLE HOUSING ADMINISTRATOR FOR MONTGOMERY TOWNSHIP. THE UNIT MUST BE OWNER OCCUPIED
Surplus Money: If after the sale and satisfaction of the mortgage debt, including costs and expenses, there remains any surplus money, the money will be deposited into the Superior Court Trust Fund and any person claiming the surplus, or any part thereof, may file a motion pursuant to Court Rules 4:64-3 and 4:57-2 stating the nature and extent of that person's claim and asking for an order directing payment of the surplus money. The Special Master or other person conducting the sale will have information regarding the surplus, if any. THE SPECIAL MATER HEREBY RESERVES THE RIGHT TO ADJOURN THIS SALE WITHOUT FURTHER NOTICE THROUGH PUBLICATION. Full legal description IS available at the SPECIAL MASTER’S WEBSITE WWW.AUCTIONADVISORS.COM. The approximate amount of the judgment to be satisfied by said sale is the sum of $98,480.25, plus interest together with the costs of this sale. The Special Master reserves the right to adjourn said sale from time to time subject only to such limitations or restrictions upon the exercise of such power as may be specially provided by law or rules of the Court. Sold subject to conditions of sale. The sale will be subject to any unpaid taxes, municipal liens or other charges and any such taxes, charges, liens, insurance premiums or other advances made by plaintiff prior to this sale. All interested parties are to conduct and rely upon their own independent investigation to ascertain whether or not any outstanding interest remain of record and/or have priority over the lien being foreclosed and, if so, the current amount due thereon. Successful bidder must sign an acknowledgment of sale and pay 20% of bid in cash, certified check or official bank check at close of sale and the balance WITHIN 30 DAYS. If the successful bidder fails to comply with the conditions of sale, the property will be sold a second time and the deposit of the initial successful bidder shall be retained by the special master pending further order of the court.
Auction Advisors, Special Master.
Attorneys for Plaintiff:
Maselli Warren, P.C.
600 Alexander Road
Princeton, NJ 08540
609-452-8411