Restor A Previous Version Of Legal New Jersey Abandoned Property Forms For Free

The law provides that the owner of a tax sale certificate on an abandoned property, who pays all municipal taxes and liens when due, can have the property removed from the abandoned property list, but must initiate foreclosure proceedings within six months from when the property was first placed on the list.

There is no time limit on filing a claim, because New Jersey never assumes ownership of unclaimed funds. The funds are held by the state in perpetuity until claimed by the owner or owner's representative. New Jersey businesses have a number of responsibilities concerning unclaimed property.

If the abandoned property is not removed, landlord may sell the personal property at a public or private sale or may destroy or otherwise dispose of the personal property if landlord reasonably determines that the value of the personal property is so low that the cost of storage and conducting a public sale would ...

Does the State ever seize or take ownership of property that goes unclaimed? No, after property is escheated to the State the reported property owner never relinquishes ownership. If property is not claimed it remains in the Unclaimed Property Trust Fund in perpetuity or until a valid claim is submitted and processed.

If a person finds their name or their business's name in the advertisements, running over the course of two weeks, they can go to the Unclaimed Property Administration's website to submit a claim and search for other unclaimed property in their name.

Filing your claim through the search website is the fastest way to get your claim processed. If you did not locate property on the NJ Property Search website but believe you have unclaimed property at our office, you can request UPA staff execute a manual search through the 'Request a Property Search' link below.