SHERIFF'S SALE
By virtue of a writ of execution directed to the Sheriff of Atlantic County, issued out of the Superior Court of New Jersey, Chancery Division, Atlantic County, Docket No. SWC-F-006540-26 will be sold at public vendue at the Criminal Court Complex, 4997 Unami Blvd., Mays Landing, NJ 08330 on THURSDAY, NOVEMBER 13TH, 2025 AT 12:00 O'CLOCK.
CONCISE DESCRIPTION
This property to be sold is located in the TOWNSHIP OF GALLOWAY in the county of Atlantic, State of New Jersey.
Property commonly known as: 739 S SECOND AVENUE, ABSECON, NEW JERSEY 08205
Tax Lot #: 1.01, in Block #: 877
Dimensions of Lot: (Approximately) 1.05 acres
Nearest Cross Street: E OAKBOURNE AVENUE
Amount Due for Taxes: SUBJECT TO ANY OPEN TAXES, WATER/SEWER, MUNICIPAL OR TAX LIENS THAT MAY BE DUE. THERE ARE TAX LIENS ON THE PROPERTY, THE AMOUNTS OF WHICH ARE PRESENTLY UNKNOWN. TAX AND PRIOR LIEN INFO: AT THE TIME OF PUBLICATION, TAXES/SEWER/WATER INFORMATION WAS NOT AVAILABLE - YOU MUST CHECK WITH THE TAX COLLECTOR FOR EXACT AMOUNTS DUE.
As the above description does not constitute a full legal description, said full legal description is annexed to that certain mortgage recorded with the Atlantic County Clerk on March 4, 2024 in Instrument No. 2024010378, Volume 15560 then assigned to Stormfield Real Estate Income Offshore Fund, LTD, recorded June 13, 2024 in Instrument No. 2024025096, Volume 15604 and the Writ of Execution on file with the Sheriff of Atlantic County. A full legal description can be found in the office of the Clerk of Atlantic County.
Borrower is a limited liability company and not a natural person, and because neither Borrower nor Borrower's immediate family reside in the Mortgaged Premises, the Mortgage is a "non-residential mortgage" under the Fair Foreclosure Act, PL. 195, c. 244. Under the Act, "Residential property" means real property located in the State [in which people reside or dwell as their primary residence,] which is utilized as a primary residence or dwelling, and shall not included any real property which is [used] acquired for investment, commerical, or business purposes or 2 [residential] real property containing more than four residential units.
The Community Wealth Preservation Program (CWPP) solely applies to "residential properties" which are defined as real property within the State that is "...utilizied as a primary residence or dwelling." The CWPP expressly excludes real property that is acquired for "investment, commercial, or business purposes or real property containing more than four residential units."
SURPLUS MONEY: If after the sale and satisfaction of the mortgage debt, including costs and expenses, there remains any surplus money, the money will be deposited into the Superior Court Trust Fund and any person claiming the surplus, or any part thereof, may file a motion pursuant to Court Rules 4:64-3 and 4:57-2 stating the nature and extent of that person's claim and asking for an order directing payment of the surplus money. The Sheriff or other person conducting the sale will have information regarding the surplus, if any.
Judgment Amount:
$1,001,682.43
besides interest, cost and fees.
Seized as the property of 739 S SECOND LLC, a New Jersey limited liability company, defendant(s), and taken in execution at the suit of STORMFIELD REAL ESTATE INCOME OFFSHORE FUND, LTD., plaintiff, and to be sold by
JOSEPH A. O'DONOGHUE
Atlantic County Sheriff
The purchaser must pay 20% of the sale price in certified check, cashier's check or treasurer's check immediately. All checks made payable to Atlantic County Sheriff's Office. A separate check is required for each purchase you make. The balance to be paid within 30 days, also in certified check, cashier's check or treasurer's check by 4:00 p.m. in the Sheriff's Office in Mays Landing, New Jersey.
The status of this sale and other Sheriff's Sales can be found on our website: www.acsheriff.org
Polsinelli PC
600 Third Avenue, 40th Floor
New York, NY 10016
(212) 803-9918
Attorneys for Plaintiff
10/15, 10/22, 10/29, 11/5/2025
Ptr. Fee: $204.60
Ad#11691639