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Expect Jump In Sheriff’s Sales In 2012

 

By Al Campbell

CREST HAVEN — “Be prepared for an onslaught of sheriff’s sales,” Cape May County Sheriff Gary Schaffer reported to freeholders Tue., Feb. 14.
During Schaffer’s annual report to the board, Freeholder Director Gerald Thornton asked him about a revenue item, “Administrative Services” that was down $880,666 from the previous year in sheriff’s sales.
As a result of the bank foreclosure debacle when banks were “taken to task” over the mortgages on the national level, Schaffer said there was a freeze on those sheriff’s sales.
He relayed to freeholders that he was informed that “We better be prepared for an onslaught like you have never seen.”
That means Schaffer expects the part of his office that handles those sales will “be swamped.”
According to the annual report, there were 112 sheriff’s sales last year, down from 268 the prior year. There were 143 sale notices posted, down from 270, and there were 72 sales deeds prepared, compared with 174 the previous year.
There were 67 sales, down from 169 the year prior.
Annual tally of monthly receipts for 2011 was $880,666 as compared to $5,054,766 the previous year. County fees collected amounted to $212,938, compared to $485,780.
Bails, fines and non-support collected totaled $504,185.

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