Month: June 2016

MEMPHIS, Tenn. (June 20,2016) By Linda A. Moore of The Commercial Appeal

Shelby County will holds its third online-only real estate tax sale Wednesday through Friday with an expected 400 properties available for purchase.

The sale begins at 8 a.m. Wednesday and is scheduled to end at 8 p.m. Friday unless bidding on properties continues.

The vacant lots, commercial buildings and houses will be randomly grouped to open and close at different times, allowing investors an opportunity to bid throughout the sale.

The opening bids represent the delinquent city and county taxes, accrued interest and penalties, court costs, attorney fees, service and title costs. Also, owners of a property have until the close of business the day before the sale to pay the amount owed and remove their property from the sale.

Anyone interested in participating can register at www.CivicSource.com.

The sale is conducted four times a year and is a joint effort of the chancery court clerk and master and the county trustee’s office.

The county held it’s first online-only tax sale in January, followed by a second in April.

Link to Article

 

Sending more properties to tax sales fights blight; puts pressure on tax-delinquent owners to pay

MEMPHIS, Tenn. (June 16, 2016) – In the third of four innovative online tax sale auctions, Shelby County Government will offer over 400 residential, commercial and vacant properties at www.CivicSource.com, beginning Wednesday, June 22 at 8 a.m. through Friday, June 24 at 8 p.m..

The tax sale is conducted four times each year and is a joint effort of the Chancery Court Clerk & Master and the Shelby County Trustee’s Office. For the third auction, the 400 available properties are randomly grouped into four batches, with each batch having a different closing time. This will allow investors to redeploy unused capital throughout the sale.

As in the past, the opening bid for a property includes delinquent city and county taxes, accrued interest and penalty charges, court costs, attorney fees, as well as service and title costs. Owners of the property may still pay the amount of taxes governing the sale up until the close of business prior to the day of the sale.

“Nearly 50 properties were purchased in the last tax sale which was held in April. For the next to last sale for the year, we hope the pool of prospective bidders broadens to aid in delinquent collections and our fight against blight,” said Shelby County Trustee David C. Lenoir.  “Everyone pays more because of the blight in our communities. Blighted properties represent money lost in unpaid taxes and decreased property values.”

Interested parties can sign up for the tax sale at http://www.civicsource.com. Register now for a free account and familiarize yourself with several investor friendly features such as custom watch-lists, sliding close and proxy biding.

Additional questions can be directed to the Shelby County Trustee, at (901) 222-0200, or the Chancery Court Clerk & Master’s office at (901) 222-3900.

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Memphis Daily News

MEMPHIS, TN (June 12, 2016) A primer on Shelby County property tax sales is June 16 at the Memphis Bioworks Foundation auditorium, 20 S. Dudley St., from 2:30 p.m. to 4 p.m., starting with a 2 p.m. sign-in.

The Real Estate Road Show session comes in advance of the three-day online tax sale June 22-24, which is expected to include about 400 properties – residential, commercial and vacant land.

Real estate information company Chandler Reports, which is owned byThe Daily News Publishing Co., is a sponsor of the road show.

The road show is an explanation of how the sales work, with representatives from Chancery Court and the Shelby County Trustee’s office present to walk those interested through the steps and the conditions for buying property.

Opening bids include delinquent city and county taxes, accrued interest and penalty charges, court costs, attorney fees, and service and title costs.

The briefing will include an explanation of recent changes in the redemption period for properties.

The online sales began in January through CivicSource.com, and those attending the road show are encouraged to bring laptops or other mobile devices to test the new software.

Register for the road show at reroadshowmemphis.eventbrite.com.

– Bill Dries

L’Observateur

Published 12:10 am Wednesday, June 8, 2016