Legal Question in Tax Law in New Jersey

The Town usually sells the debt to the highest bidder (bidding is usually done by interest rate that can be charged, not the amount of the debt). The new debt holder can eventually look to collect the debt and even bring a foreclosure action to recover payment. You are notified when this happens, and you can redeem the debt by paying the new holder what you owe plus the interest. This is a response to an Internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.