Legal Question in Real Estate Law in New Jersey

Re: Rights of deed holder for liens on Property

Liens can be foreclosed before the property is resold. They also limit your ability as owner to refinance the property.

Taxes on real property are due within the tax period for which they are assessed. Most taxing authorities have a discount period, immediately before the due date, when you may pay the taxes at a lower rate, then at the actual tax rate, and beyond the "penalty" date, interest and penalties start accruing. They continue to accrue until the taxes are paid. By waiting until someone forecloses to enforce the lien, you will be paying increasingly more than was actually due for the taxes.

Re: Rights of deed holder for liens on Property

They can be foreclosed upon.