: Bidding starts at a statutory maximum of 18% and is "bid down" by competitors.
Buying tax liens in New Jersey involves purchasing a at a municipal auction , which grants the right to collect delinquent taxes plus interest from the property owner. Investors in NJ typically use this as a passive investment to earn high interest rates, though it can lead to property ownership through foreclosure if the debt remains unpaid for two years. Core Investment Mechanics buying tax liens in nj
: If multiple investors want the same lien, they bid the interest rate down toward 0%. If it hits 0%, bidders then offer a premium (cash paid upfront) to win. : Bidding starts at a statutory maximum of