Toms River, NJ – The Ocean County Sheriff’s Office has announced its next foreclosure auction will be held on Tuesday, Aug. 11, at 2 p.m. at the Ocean County Justice Complex in Toms River. As with all sheriff’s sales, the list of available properties is subject to change before the auction due to settlements, cancellations, adjournments or bankruptcy filings.
Two marinas top the list in August, including one in Lacey and one in Lavallette.
Foreclosure sales are typically conducted on Tuesdays after the court foreclosure process has been completed. Properties offered at auction may include single-family homes, condominiums, commercial buildings, vacant lots and other real estate throughout Ocean County.
Prospective bidders are encouraged to verify the status of any property before the sale, as properties can be removed from the auction list up until the scheduled start time.
Highest-Value Properties Scheduled for Aug. 11
| Property | Municipality | Judgment Amount |
|---|---|---|
| 700 Barramore Avenue | Lacey Township | $8,709,918.81 |
| 700 Barramore Avenue (additional parcels) | Lacey Township | $8,708,220.79 |
| 1928 Fiddlers Run | Toms River | $1,086,262.43 |
| 3245 Route 35 | Lavallette | $929,715.70 |
| 1104 Bandon Road | Toms River | $899,788.29 |
| 6 Gem Drive | Lakewood | $892,705.43 |
| 61 Pasadena Road | Whiting | $658,406.54 |
| 152 Nautilus Drive | Barnegat | $659,763.19 |
| 613 Branch Drive | Toms River | $625,283.52 |
| 2287 Maple Manor Court | Toms River | $574,030.78 |
| 215 Freehold Road | Jackson | $573,243.61 |
| 1240 Eighth Avenue | Manchester | $552,185.76 |
Luxury and Noteworthy Foreclosures
- 700 Barramore Avenue, Lacey Township – The largest foreclosure on the docket involves multiple marina-related parcels with combined judgments exceeding $17.4 million, making it by far the most significant commercial foreclosure scheduled. This is operating as a marina.
- 1928 Fiddlers Run, Toms River – A foreclosure action exceeding $1.08 million, making it the largest residential judgment currently listed.
- 1104 Bandon Road, Toms River – Another high-end residential foreclosure with an upset amount approaching $900,000.
- 6 Gem Drive, Lakewood – One of the largest residential foreclosures in Lakewood with a judgment of nearly $893,000.
Remember that the judgment amount is not the market value of the property. It represents the amount owed to the lender and may include principal, accrued interest, fees, legal costs and other charges. Properties may sell for more or less than the judgment amount at sheriff’s sale. Several listings are also marked as adjourned, cancelled or subject to bankruptcy, so bidders should verify the status with the Ocean County Sheriff’s Office before the Aug. 11 auction.
Properties sold “as is”
The Sheriff’s Office reminds buyers that all foreclosure properties are sold in “as is” condition, and inspections are not permitted before the sale.
The Sheriff’s Office also cautions that it does not determine whether structures occupy a property and makes no representations regarding the condition of the real estate.
If a purchased property is occupied, it becomes the responsibility of the successful bidder to pursue any legal process required to obtain possession.
Buyers should research liens before bidding
Officials strongly recommend conducting a title search before participating in a sheriff’s sale.
While purchasers receive the same ownership interest held by the previous owner under New Jersey law, properties remain subject to outstanding liens, mortgages and other encumbrances that may survive the foreclosure process. Those obligations become the responsibility of the purchaser if they are not extinguished by the sale.
The Sheriff’s Office notes that consulting a real estate attorney or title company before bidding can help buyers better understand potential liabilities associated with a property.
Adjournments are common
Under New Jersey law, foreclosure sales may be postponed several times before they are ultimately conducted.
State law permits:
- Two adjournments requested by the lender.
- Two adjournments requested by the property owner.
- One additional adjournment if both parties agree.
Each adjournment may last up to 30 calendar days, although additional postponements may be ordered by a court.
Because of those provisions, officials recommend confirming that a property remains scheduled for sale before attending the auction.
Advertising requirements
Foreclosure sales are advertised during the four consecutive Thursdays preceding the original sale date in the Asbury Park Press and a newspaper serving the municipality where the property is located.
Sale notices are also posted at the Ocean County Sheriff’s Office inside the Ocean County Justice Complex at 120 Hooper Avenue in Toms River.
Important rules after the sale
New Jersey law allows homeowners a 10-day redemption period, or until the sheriff’s deed is delivered, during which the property owner may satisfy the judgment and redeem the property.
If no objections are filed and the redemption period expires, the successful bidder will receive a Sheriff’s Deed upon payment of the full purchase price. Buyers are responsible for recording the deed with the Ocean County Clerk’s Office and paying all applicable recording fees.
The Sheriff’s Office also notes that if a bankruptcy petition is filed after a sale takes place, deposits may be held pending further direction from the Superior Court.
What buyers should know
Officials recommend prospective bidders:
- Verify the property is still scheduled for sale before arriving.
- Conduct a title search.
- Understand that properties are sold without inspections or warranties.
- Review all outstanding liens and encumbrances.
- Be prepared for possible adjournments or cancellations.
Additional information, foreclosure sale lists and procedural updates are available through the Ocean County Sheriff’s Office Foreclosure Unit.
