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MIDDLESEX COUNTY SHERIFF’S OFFICE
CONDITIONS OF SALE
 
1. THE HIGHEST BIDDER SHALL BE THE PURCHASER.
 
2. IF ANY DISPUTE ARISES AS TO WHO MAY BE THE HIGHEST BIDDER THE PROPERTY WILL BE RESOLD.
 
3. THE PURCHASER WILL PAY 20% OF THE PURCHASE MONEY IN CASH, CERTIFIED CHECK OR OFFICIAL BANK CHECK AT THE CLOSE OF THE SALE.  THE PURCHASER WILL SIGN AN ACKNOWLEDGEMENT OF PURCHASE.
 
4. IF THE PURCHASER DOES NOT COMPLY WITH THE TYPE OF DEPOSIT REQUIRED THE PURCHASER WOULD BE IN DEFAULT. THERE WILL BE AN IMMEDIATE RESALE OF THE PREMISES. THIS PROCEDURE WILL FOLLOW UNTIL A PURCHASER CONFORMS TO THE TYPE OF DEPOSIT REQUIRED.

5. IF THE PLAINTIFF IS THE SUCCESSFUL BIDDER HIS JUDGMENT, COSTS AND INTEREST WILL BE CREDITED AGAINST PLAINTIFFS BID.
 
6. THE DEED WILL BE DELIVERED AT THE SHERIFF’S OFFICE TWO WEEKS FROM THE DATE OF SALE, WHEN THE BALANCE OF THE PURCHASE MONEY WILL BE REQUIRED.  NON-COMPLIANCE WITH THIS CONDITION WILL RESULT IN THE ACCRUAL OF INTEREST.
 
7. THIS SALE IS SUBJECT TO STATUTORY ADJOURNMENTS, SOLD SUBJECT TO UNPAID TAXES, ASSESSMENTS, WATER RENTS, OPEN OF RECORDS IF ANY, AND SUCH STATE OF FACTS AS AN ACCURATE SURVEY OF THE PREMISES MIGHT DISCLOSE.
 
8. IF THE PURCHASER FAILS TO COMPLY WITH ANY OF THE CONDITIONS OF SALE THE PROPERTY WILL BE SOLD A SECOND TIME AT A FUTURE DATE.  THE ORIGINAL PURCHASER BEING HELD RESPONSIBLE FOR ALL LOSSES AND EXPENSES BUT RECEIVING NO BENEFIT FROM SUCH SALE. THE DEFAULTING PURCHASER SHALL BE LIABLE TO THE FORECLOSING PLAINTIFF FOR ANY ADDITIONAL COSTS INCURRED BY SUCH DEFAULT, INCLUDING THE DIFFERENCE BETWEEN THE AMOUNT BID BY THE DEFAULTING BIDDER AND THE AMOUNT GENERATED FOR THE FORECLOSING PLAINTIFF AT THE RESALE. THIS CONDITION IS IN ACCORDANCE WITH CHAPTER 50 OF TITLE 2A OF THE NEW JERSEY STATUTES AMMENDING FORECLOSURES OF RESIDENTIAL MORTGAGES.
 
9. THE BALANCE OF THE DEPOSIT WILL BE REMITTED TO THE COURT BY THE SHERIFF FOR APPLICATION BY INTERESTED PARTIES FOR TURNOVER.
 
10. THERE WILL BE NO DISCLOSURE OF ANY UPSET FIGURES BY THE PLAINTIFF. ALL BIDDERS MUST STATE THERE NAME AND ON BEHALF OF WHOM THEY ARE BIDDING.
 
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