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

This bill permits New Jersey sheriffs and other authorized officers to conduct online foreclosure sales for real property, replacing traditional in-person auctions. It requires that online sales be publicly visible with real-time bid display (except pre-set maximum bids), mandate a non-electronic bid option like paper packets, and cap vendor fees at $1,000 per sale - including a $50 processing fee collected from the purchaser’s deposit. The law also mandates online notice of sales on the vendor’s website and allows counties to contract with vendors through competitive bidding without a governing body resolution. This change modernizes foreclosure procedures while maintaining transparency and accessibility for bidders.