Simon v. Rando

In Simon v. Cronecker, 189 N.J. 304, 915 A.2d 489, 2007 WL 208520 (2007), decided today, we held that “the Tax Sale Law does not prohibit a third-party investor from redeeming a tax sale certificate after the filing of a foreclosure action, provided that the investor timely intervenes in the action and pays the property owner more than nominal consideration for the property.” Id. at 311, 915 A.2d at 493. Thus, in the post-foreclosure complaint period, unless the third-party investor who acquires an interest in the subject property first receives court approval, the investor has no right to…