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

This bill (A3791, the "New Jersey Online Foreclosure Sale Act") permits sheriffs and authorized officials to conduct foreclosure sales of real property through online auctions, replacing in-person sales. Key provisions require online sales to display bids publicly in real-time, cap vendor fees at $1,000 per sale (including a $50 processing fee), and mandate a non-electronic bidding option (e.g., paper bids). It affects homeowners facing foreclosure, lenders seeking recovery, and sheriffs managing sales by adding online sales as an authorized method while maintaining traditional notice requirements. The bill does not change foreclosure timelines but aims to increase bidder participation and potentially higher sale prices for debtors and creditors.