Orleans Parish, LA – September 8, 2014 – From September 9, 2014 through September 11, 2014 the City of New Orleans will host a Tax Title Sale at www.CivicSource.com. By hosting the sale online, bidders that would not normally be able to attend the auction in person are still able to participate.
Currently, over 1500 properties are slated to go to sale ranging in price from $300 to $602,000. The sale is open to the general public. Free registration and a list of available properties are now available at www.CivicSource.com.
A Tax Title Sale is the sale of properties that have delinquent taxes due. The tax titles for these properties are sold to the public for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions. The Tax Title Sale is a low-bid wins style auction in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property.
Winning bidders of the tax sale are expected to pay for their purchases within 72 hours of the close of the auction. Payment must be made in one installment and all sales are final.
These auctions and all future tax sales can be viewed on the CivicSource.com website. Using the convenient search options, bidders can set the parameters for any property that falls within their interests and budget.
CivicSource Auctioneer®, a product of Archon Information Systems, is an online tax sale application, which allows municipalities to effortlessly host a tax sale via the Internet. With CivicSource Auctioneer®, every aspect of the online tax sale, including registration, browsing, bidding and payment processing, is electronically managed and implemented to meet the specific legal requirements set forth by local legislation. For more information call (888) 387-8033 or visit www.civicsource.com.