326 Leconey Avenue, Palmyra, NJ

Listing description

What the seller provided

Sheriff's foreclosure sale of 326 Leconey Avenue in Palmyra, Burlington County, NJ. Case F-013887-25, sheriff's sale #26001812. Athene Annuity And Life Company v. Gate 7 Llc; Kenneth Wallace; Unknown Occupants #1-10 N/Ka Mike Ritter, Tenant. Sale 2026-11-05. Approximate judgment $187,323.73. Parcel purchaser will pay the costs of drawing and executing the deed, sheriff’s fees, costs, and commission. Judgment approximately $176,886.95 besides interest, costs, and fees. The right to adjourn this sale is specifically reserved by the undersigned. Seized as the property of GATE 7 LLC; KENNETH WALLACE; UNKNOWN OCCUPANTS #1-10 N/KA MIKE RITTER, TENANT Defendant(s) taken in execution at the suit of ATHENE ANNUITY AND LIFE COMPANY Plaintiff(s) NOTICE TO THE PUBLIC AT THE TIME OF THE SALE, TWENTY PERCENT OF THE AMOUNT BID WILL BE REQUIRED AS A DEPOSIT, BY THE PURCHASER, IN CASH, CERTIFIED, TREASURER’S, OR CASHIERS CHECK ONLY. THE BALANCE IS DUE TWO WEEKS FROM THE DATE OF SALE, IN CASH OR CERTIFIED, TREASURE’S, OR CASHIERS CHECK ONLY. IN CERTAIN CASES, AT THE TIME OF THE SALE THREE- AND ONE-HALF PERCENT (3.5%) OF THE AMOUNT BID AS A DEPOSIT, IN CASH, CERTIFIED TREASURER’S OR CASHIERS CHECK ONLY. THE BALANCE IS DUE NINETY DAYS (90) FROM DATE OF SALE IN CASH OR CERTIFIED, TREASURER’S OR CASHIER’S CHECK OR SHALL BE BY WIRE TRANSFER TO THE BURLINGTON COUNTY SHERIFF. IF THE BALANCE OF THE PURCHASE PRICE IS TO BE FINANCED, BIDDER MUST PRESENT AT SALE PRE-APPROVAL DOCUMENTATION FROM AN INSTITUTION REGULATED BY THE DEPARTMENT OF BANKING AND INSURANCE OR FEDERAL BANKING AGENCY AS DEFINED IN THE NEW JERSEY RESIDENTIAL MORTGAGE LENDING ACT. THOSE PERMITTED TO PAY THREE- AND ONE-HALF PERCENT DEPOSIT (3.5%) SHALL BE THE FOLLOWING IN ORDER OF PRIORITY: 1. THE FORECLOSED UPON DEFENDANT, THE FORECLOSED UPON DEFENDANT’S NEXT OF KIN OR TENANT, MEETING THE ABOVE REQUIREMENTS, SHALL HAVE RIGHT OF FIRST REFUSAL TO PURCHASE THE PROPERTY; (only available for the initial sale unless the sale is delayed) 2. AN INDIVIDUAL, MEETING THE ABOVE REQUIREMENTS WHO INTENDS TO OCCUPY THE PROPERTY AS HIS PRIMARY RESIDENCE FOR NO LESS THAN EIGHTY-FOUR (84) MONTHS;. Plaintiff's attorney: Friedman Vartolo Llp (212-471-5100). Sold to the public at the county sheriff's foreclosure auction — see the official listing for adjournments, deposit requirements and bidding terms.

How this sale works

Sheriff's foreclosure sale

A court-ordered auction, usually to satisfy a mortgage or other judgment. The plaintiff is the creditor that won the judgment; the defendant is the owner of record.

• The opening bid is commonly the judgment amount plus costs, set by the court file, not by the seller.
• Sales are typically held in person at a courthouse or sheriff's office on the scheduled date; some counties run them online.
• Expect to pay a deposit at the sale and the balance within days, and to take the property as-is with no interior inspection.
• Senior liens, taxes and occupants can survive the sale; a title search before bidding is the norm.
• In several states the borrower keeps a redemption right after the sale, which can delay possession.

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General information, not legal advice. The official sale notice controls.

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Record details

County

Burlington County

Parcel number

purchaser will pay the costs of drawing and executing the deed, sheriff’s fees, costs, and commission. Judgment approximately $176,886.95 besides interest, costs, and fees. The right to adjourn this sale is specifically reserved by the undersigned. Seized as the property of GATE 7 LLC; KENNETH WALLACE; UNKNOWN OCCUPANTS #1-10 N/KA MIKE RITTER, TENANT Defendant(s) taken in execution at the suit of ATHENE ANNUITY AND LIFE COMPANY Plaintiff(s) NOTICE TO THE PUBLIC AT THE TIME OF THE SALE, TWENTY PERCENT OF THE AMOUNT BID WILL BE REQUIRED AS A DEPOSIT, BY THE PURCHASER, IN CASH, CERTIFIED, TREASURER’S, OR CASHIERS CHECK ONLY. THE BALANCE IS DUE TWO WEEKS FROM THE DATE OF SALE, IN CASH OR CERTIFIED, TREASURE’S, OR CASHIERS CHECK ONLY. IN CERTAIN CASES, AT THE TIME OF THE SALE THREE- AND ONE-HALF PERCENT (3.5%) OF THE AMOUNT BID AS A DEPOSIT, IN CASH, CERTIFIED TREASURER’S OR CASHIERS CHECK ONLY. THE BALANCE IS DUE NINETY DAYS (90) FROM DATE OF SALE IN CASH OR CERTIFIED, TREASURER’S OR CASHIER’S CHECK OR SHALL BE BY WIRE TRANSFER TO THE BURLINGTON COUNTY SHERIFF. IF THE BALANCE OF THE PURCHASE PRICE IS TO BE FINANCED, BIDDER MUST PRESENT AT SALE PRE-APPROVAL DOCUMENTATION FROM AN INSTIT…

Judgment amount

$187,323.73

Sale status

Scheduled for

Contact phone

212-471-5100

Case #

F-013887-25

Plaintiff

ATHENE ANNUITY AND LIFE COMPANY

Defendant

GATE 7 LLC; KENNETH WALLACE; UNKNOWN OCCUPANTS #1-10 N/KA MIKE RITTER, TENANT

Sheriff's sale #

26001812

ZIP

08065

Street address

326 Leconey Avenue

Attorney

FRIEDMAN VARTOLO LLP

Legal notice

APPROXIMATE GOOD FAITH ESTIMATE OF UPSET PRICE: $200,775.55 SHERIFF’S SALE By virtue of a Writ of Execution to me directed, issued out of SUPERIOR COURT OF NEW JERSEY CHANCERY DIVISION BURLINGTON County of Burlington DOCKET NO. f-013887-25 ATTORNEY FILE NO. 255757-1 SHERIFF # 26001812 I will sell at public sale on Thursday 10/8/2026 (Date subject to change. Check website for recent status) at 12:00 PM Prevailing Time, at the County Court Facilities, Rancocas Road, 1st Floor, Commissioner’s Board Room, Mt. Holly, New Jersey 326 LECONEY AVENUE PALMYRA, NJ 08065 ----- GOOD FAITH ESTIMATED UPSET PRICE: $200,775.55 PROPERTY TO BE SOLD IS LOCATED IN THE BOROUGH OF PALMYRA, COUNTY OF BURLINGTON AND THE STATE OF NEW JERSEY. COMMONLY KNOWN AS: 326 LECONEY AVENUE, PALMYRA, NJ 08065. TAX LOT(S): 18, IN BLOCK: 93 DIMENSIONS (APPROX.): 25 X 150 NEAREST CROSS STREET: WEST 4TH STREET. PRIOR MORTGAGES OR LIENS OUTSTANDING AND NOT EXTINGUISHING BY THE SALE ARE LISTED IN SECTION 2 BELOW. TAX CERTIFICATE RECORDED: NOVEMBER 15, 2025, HOLDER: RTLF-NJ 11 LLC AMOUNT: $283.20 BOOK: 13794 PAGE: 4640 INSTRUMENT NUMBER: CERT NO. 25-00050 OCCUPANCY STATUS: NON-OWNER OCCUPIED. Surplus Money: If after the sale…

Property note

3. A TENANT OR A SUCCESSFUL BIDDER WHO IS NEITHER THE PLAINTIFF NOR THE FORECLOSED UPON DEFENDANT OR HIS NEXT OF KIN AND WHO INTENDS TO OCCUPY THE PROPERTY AS HIS PRIMARY RESIDENCE FOR A MINIMUM OF EIGHTY FOUR (84) MONTHS AND FINANCES THE PURCHASE OF THE PROPERTY AND PAYS A THREE AND ONE HALF (3.5) PERCENT DEPOSIT SHALL HAVE RECEIVED EIGHT (8) HOURS OF HOMEBUYER EDUCATION AND COUNSELING THROUGH A UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) CERTIFIED HOUSING COUNSELING AGENCY, AND SHALL PRESENT A CERTIFICATE OF COMPLETION OR PROOF OF ENROLLMENT IN THE PROGRAM TO THE SHERIFF. IF YOU INTEND TO BID UNDER THE COMMUNITY WEALTH PRESERVATION PROGRAM, WE ASK THAT YOU PLEASE SUBMIT ANY NECESSARY DOCUMENTS TO THE SHERIFF’S OFFICE THREE DAYS PRIOR TO THE SALE. To be sold by: James H. Kostoplis, Sheriff FRIEDMAN VARTOLO LLP Attorney (s): 212-471-5100

Sale date time

Nov 5, 2026

State

NJ

Status history

10/8/2026 · Scheduled for, 11/5/2026 · 1st Debtor Adjournment to