EAST ORANGE, NJ, April 2, 2018: In an effort to encourage development within blighted communities in East Orange, Mayor Ted R. Green and the East Orange City Council will host a Public Property Auction to help revitalize neighborhoods and bring properties back on the tax roll. Thirty-four (34) properties located throughout the city are scheduled to be sold, where bidders will be able to auction for full ownership of properties including one and two family homes, vacant properties, and commercial spaces. Sites are being auctioned and sold in their present condition.
On Thursday, April 5th, beginning at 11AM at 44 City Hall Plaza, the Tax Collection and Licensing Department will auction city-owned properties that have been foreclosed due to unpaid property taxes. In order to bid, each bidder must have ten percent of the minimum bid in the form of a certified check, check, cashier’s check and/or money order (e.g., if the minimum bid is $2,500 than $250 is needed). Personal or business checks will not be accepted. All bidders must appear in person during the day of auction. Those who do not comply with the requirements will not be able to bid.
The minimum bidding price, which can range from $30,000 to $60,000, will include the cost of the research and legal notifications, closing costs and the cost of the title depending on the property.
Those planning to participate are welcomed to view properties in advance on Tuesday, April 3rd and Wednesday, April 4th. To view a list of the properties, please visit our website at eastorange-nj.gov and click on “Upcoming Auction.” For more information, please call 973.266.5130.
BIDDING REQUIREMENTS
Individual
· A copy of a valid driver’s license and/or picture identification
· Certified Funds representing 10% of the minimum bid
· If submitting bid on behalf of another, must present prior written consent of the Corporation Counsel’s office with a duly notarized power of attorney
Corporation
· A copy of a valid driver’s license and/or picture identification
· Certified funds representing 10% of the minimum bid
· Copy of Certification of Incorporation
· A Letter of Authorization from the corporation represented
· Names and addresses of owners having 5% or more interest
Partnership
· A copy of a valid driver’s license and/or picture identification
· Certified funds representing 10% of the minimum bid
· A copy of the Certificate of Trade Names (partnership)
· A Letter of Authorization from the other partner(s)
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