Mortgage foreclosure surplus

N.J. Stat. Ann. § 2A:50-37 directly governs mortgage sheriff-sale surplus: the surplus is deposited with the Superior Court and paid by court order on application. N.J. Ct. R. 4:64-3 specifies the surplus-money motion procedure; Rule 4:65-5 concerns sale objections. Section 2A:50-37 does not state a fixed initial surplus application cutoff. File a supported motion under Rule 4:64-3; the 10-day sale-objection period in Rule 4:65-5 is a different procedure.

Tax sale surplus

N.J. Stat. Ann. §§ 54:5-86–87 and P.L. 2024, c.39 govern preservation and distribution of equity after tax-certificate foreclosure. For covered nonabandoned property, an owner or heir may demand a sheriff judicial sale or Internet auction; surplus is deposited with the court and claimed under § 2A:50-37. For a covered tax-lien foreclosure, the owner or heir must demand the equity-preserving judicial sale or auction in writing before final judgment (§ 54:5-87(b)). Once a sale produces deposited surplus, apply to Superior Court; no separate fixed initial cash-claim cutoff appears in § 2A:50-37. Abandoned-property cases have different rules.

Unclaimed funds

New Jersey Uniform Unclaimed Property Act, N.J. Stat. Ann. §§ 46:30B-1 et seq.; the Department of the Treasury holds reported property for owners. There is no fixed general owner-claim deadline for property in state custody; New Jersey’s Unclaimed Property Administration says ownership remains with the owner until a valid claim is processed.

Statute text

Links to the statutes referenced in our research. These may be third-party copies of older code editions, so check the current official code before relying on them.

• Tax sale surplus statute
• Mortgage foreclosure statute