Month: November 2016

Wednesday, November 30, 2016 9:15 AM

By Emily Fontenot / American Press

An effort to revitalize north Lake Charles by recirculating adjudicated property saw mild but notable success over the past month — six north Lake Charles residential properties once repossessed by the state are now in the process of ownership as a result.

On Nov. 1, the Lake Charles North Redevelopment Authority put up 55 properties for sale via CivicSource, a New Orleans-based company that auctions off adjudicated property online. The authority partnered with CivicSource in hopes that the company’s one-stop-shop model would simplify — and significantly quicken — the arduous process of putting old property back on the market. READ MORE

L’Observateur Published 12:04 am Saturday, November 12, 2016

LAPLACE — Property in St. John the Baptist Parish is available for purchase, with title insurance included, for $5,000.

That’s what officials from tax-distressed real estate auctioneer CivicSource say, and they want to share that message during a free educational seminar at 6:30 p.m. Thursday the LaPlace library on U.S. 51.

The St. John the Baptist Parish District Attorney’s Office is partnering with CivicSource to host the seminar. Those attending will learn how to purchase tax adjudicated real estate with title insurance at an average starting price of $5,000, CivicSource officials said.

The properties are those that previously went unsold in a tax sale, and as a result, became adjudicated to the parish and are available through an online auction process. St. John Parish is collaborating with CivicSource to auction the tax delinquent properties. Successful sales place the properties back on the tax rolls, proponents said, returning them to commerce and generating significant, recurring annual tax revenues to the parish.

Since partnering with St. John the Baptist Parish, CivicSource officials said 16 properties have been sold in the parish and 35 properties are available at this time. District Attorney Bridget Dinvaut said anyone interested in owning property in St. John Parish is encouraged to browse the online property inventory.

A complete listing of adjudicated properties is available at CivicSource.com, where investors nominate properties for auction through an $850 deposit. The online auction replaces the traditional adjudication sale held at the Courthouse, where participants were required to be present. By hosting the sale online, bidders who would not normally be able to attend the auction in person are still able to participate from their homes or places of business.

Those who would like to attend the investment seminar can email an RSVP to RSVP@CivicSource.com.

LaPlace, La. (Nov. 10, 2016) – On Thursday, November 17, at 6:30 p.m., St. John the Baptist Parish District Attorney’s Office will partner with CivicSource to hold an educational seminar on purchasing tax adjudicated real estate at the St. John Parish Library LaPlace Branch located at 2920 Hwy 51. The event is free and open to the public. Interested citizens will learn how to purchase tax adjudicated real estate with title insurance at an average starting price of $5,000.

St. John the Baptist Parish is taking the necessary steps to sell adjudicated properties through a new online auction process. The properties are those that previously went unsold in a tax sale, and as a result, became adjudicated to the parish. St. John the Baptist Parish is collaborating with CivicSource to auction the tax delinquent properties. The sales will place these properties back on the tax rolls, return them to commerce and generate significant, recurring annual tax revenues to the parish.

St. John the Baptist Parish District Attorney Bridget Dinvaut said anyone interested in owning property in St. John Parish is encouraged to browse the online property inventory and take advantage of this unique opportunity.

There is a complete listing of qualified adjudicated properties on CivicSource.com where investors nominate properties for auction through a deposit of $850. The online auction replaces the traditional adjudication sale held at the Courthouse where participants were required to be present during the auction process. By hosting the sale online, bidders who would not normally be able to attend the auction in person are still able to participate from their homes or places of business.

CivicSource has already proven successful in other communities across the state. Since launching last year, the auctions have collected nearly $20 million in unbudgeted revenue through the sale of over 1,000 properties. If you would like to attend the investment seminar for St. John the Baptist Parish tax adjudicated real estate, email your RSVP to RSVP@CivicSource.com.

 

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Lake Charles, LA (Nov. 1, 2016) –The Lake Charles North Redevelopment Authority (LCNRA) has initiated the process of online adjudicated property auctions through CivicSource, a leading auctioneer of tax-distressed real estate. North Lake Charles adjudicated properties will be listed on civicsource.com on Tuesday, November 1, 2016 at Noon CST. Interested buyers will be able to view a map, a list, or a street view of the adjudicated properties and register to participate in the auction.

Registered users nominate properties for auction through an $850 deposit. The initial $850 deposit will go toward the sale price of the winning bid. Complete details about the online auction process are available at www.civicsource.com/help, or interested buyers can call (888) 387-8033, Monday-Friday from 8a.m.-5p.m. to speak with a help representative from CivicSource and have their questions answered.

“With CivicSource as the auction facilitator, the final sale price of each property includes a clear title, title insurance, and closing fees. In addition, property owners who live next door to properties already in the auction inventory, and who meet certain legal requirements, could potentially purchase that property for the costs to bring the property to auction,” said Corey Rubin, Assistant City Attorney and Liaison to the LCNRA.

The properties are those that previously went unsold in a tax sale, and as a result, became adjudicated to the City. Only properties that have been adjudicated for more than five years will be available. The auction will provide winning bidders with full ownership of each property along with title insurance. The auctions will place these properties back on the tax rolls, return them to commerce and generate significant, recurring annual tax revenues to the city.

About CivicSource:

CivicSource is the leading auctioneer of tax-distressed real estate. From tax sales to adjudication auctions, CivicSource digitizes due process compliance to ensure legally valid sales. Founded in 2008, New Orleans based CivicSource has been recognized by Inc. Magazine’s 500|5000 as one of “America’s Fastest Growing Companies” and has been recognized as the one of the Best Places to work in New Orleans for the past five years, receiving the designation “Best Place to Work” in 2014. www.CivicSource.com

 

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