Property Ownership
In NJ, property taxes that remain unpaid after the municipality's tax sale may result in the lienholder eventually being able to:
AOnly earn interest on the tax lien
BForeclose on the tax sale certificate and potentially take title to the property if not redeemed✓ Correct
CHave the property demolished
DCollect rent from the property owner
Explanation
If a tax sale certificate is not redeemed (taxes paid plus interest) within the redemption period, the certificate holder can foreclose on the lien through NJ Tax Court and potentially receive title to the property.
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