Foreclosure Auction: 728 State St - Twin Multi-Family 8 Unit Property

Description

SUPERIOR COURT OF NEW JERSEY, CHANCERY DIVISION MERCER COUNTY DOCKET NO. F-000976-20, FIRST BANK, Plaintiff, v. 728 WEST STATE, LLC, SUBHASH K. BHARADWAJ, GITA RAMAN and STATE OF NEW JERSEY, 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 Mercer County commonly known as, and located at 728 West State Street, Trenton NJ (Block 2806/Lot 8) to sale at public venue on May 13, 2021 at 11:15 AM (prevailing time).  The auction sale will be held on-site at the property. 

The closest cross street to the property is Overbrook Avenue.  A more complete metes and bounds description of the property can be found at the offices of Auction Advisors.  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 interests remain of record and/or have priority over the lien being foreclosed and, if so, the current amount due thereon.  The property is also subject to rights of any tenants who may be on the property.

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 MASTER 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 One Hundred Eleven Thousand Six Hundred Seventy Four and 78/100 Dollars ($111,674.78), plus interest and costs of suit 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. Successful bidder must sign an acknowledgment of sale, pay 20% of bid in cash, certified check or official bank check at the close of the foreclosure 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