The "New Jersey Online Foreclosure Sale Act;" permits online foreclosure sales for real property.

The New Jersey Online Foreclosure Sale Act permits sheriffs and other officials to conduct foreclosure sales of real property online instead of in person. It requires counties to contract with vendors for these sales under specific terms, including a $1,000 fee cap per auction, mandatory public bid visibility during the sale, and identity verification for bidders. The bill mandates that vendors must maximize recovery for debtors and lenders, collect detailed information from successful bidders (including sanctions list checks), and handle funds securely. This change directly affects sheriffs, county vendors, and bidders by establishing a standardized online process for foreclosure sales.