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502 Lazy Lane, Absecon Pass

Name: Sheriff sale: 502 Lazy Lane, Absecon, NJ 08201
Start: 2027-01-07
Location: 502 Lazy Lane, Absecon, NJ 08201

Atlantic County, New Jersey sheriff sale · Data as of Oct 27, 2026 6:18 AM ET

This property is scheduled for sheriff sale on Thu, Jan 7, 2027. The approx. judgment/upset amount owed to the lender is $394,786, which is 146% of the town's net assessed value (MOD-IV tax list) of $271,100. Back taxes and whether anyone lives there are not stated by the official source.

How to bid

Sale date

Thu, Jan 7, 2027 (time: see official notice)

Where to bid

Official Atlantic County Sheriff listing

Deposit

20% of your winning bid, paid right when the sale ends, in cash or certified/cashier's check to the County Sheriff (N.J.S.A. 2A:50-64).

Check the official listing the day before, since NJ sales are often postponed.
Go to the sheriff sale in person at the time and place on the official notice; bring certified funds for the 20% deposit.
Balance is due later (usually within about 30 days); the owner can still redeem during the 10 days after the sale.

How to pay for a sheriff sale (cash, loans, deadlines) →

Deal Check: Pass

Why

Approx. judgment/upset amount owed to the lender: $394,786 (source: official Atlantic County sheriff list, as of Oct 27, 2026).
Town's net assessed value (MOD-IV tax list): $271,100 (source: NJ MOD-IV tax list via NJ Office of GIS parcel composite (NJOGIS / NJ Division of Taxation), retrieved Oct 29, 2026).
$394,786 ÷ $271,100 = 146%. Our rule: 50% or less = Strong, up to 80% = Fair, above = Pass.
NJ assessed values are not market values; each town's assessment ratio differs, so treat this as a rough guide. The lender can bid up to what it is owed, so the final price may differ.
Yearly property tax on record: $9,071 (source: NJ MOD-IV tax list via NJ Office of GIS parcel composite (NJOGIS / NJ Division of Taxation), retrieved Oct 29, 2026).
Back taxes are not published in our sources; check the county treasurer/tax collector.
Occupancy: not stated by the official source.

Deal Check is a simple math check of published numbers, not an appraisal and not financial advice. It does not know the condition, liens, title problems, or back taxes. Inspect from the street, run a title/lien search, and verify everything with the county before you bid.

Sale date

Thu, Jan 7, 2027 (Foreclosure)

Address

502 Lazy Lane, Absecon, NJ 08201

County

Atlantic

Appraised value

—

Minimum / opening bid

—

Approx. upset / judgment*

$394,786 *as published by the Sheriff; excludes interest and fees

Case number

F-008988-25

Sheriff #

F-26001288

Parcel ID

—

Plaintiff / lender

US Bank Trust National Association, not in its individual capacity but solely as owner trustee for VRMTG Asset Trust

Plaintiff's attorney

Friedman Vartolo LLP

Current status

SCHEDULED

Status history

0 postponement/no-bid event(s)
Scheduled — Jan 7, 2027

Property details from official tax records

No photo available
from an official source yet

Parcel

Block 24, Lot 14.02 (Absecon City)

Year built

1986

Building description (assessor code)

2SF-AG

Lot size

0.37 acres

Property class

Assessed land value

$88,200

Assessed improvement value

$182,900

Net assessed value

$271,100

Last year's property tax

$9,071

Source: NJ MOD-IV tax list via NJ Office of GIS parcel composite (NJOGIS / NJ Division of Taxation) · retrieved Oct 29, 2026. NJ assessed values can differ from market value (each town has its own assessment ratio). Always confirm with the county.

See this listing on the official Atlantic County Sheriff list →

Verify before you bid. This is an unofficial summary of public sheriff-sale listings. Sales are often cancelled or postponed. Always confirm details with the official legal notice and the county sheriff's official sale site linked on each page. Not legal or financial advice.

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