NAPOLEONVILLE, LA (Jan. 11, 2017) – Assumption Parish is taking the necessary steps to sell adjudicated properties through a new online auction process in partnership with CivicSource, a leading auctioneer of tax-distressed real estate. The goal of these property auctions is to achieve multiple objectives including: the placement of adjudicated properties back into commerce, the reduction of blight, and giving original property owners a chance to settle their outstanding tax bills and redeem their properties.
The properties are those that previously went unsold in a tax sale, and as a result, became adjudicated to the parish. Only properties that have been adjudicated for more than five years will be available for purchase. The auction will provide winning bidders with full ownership of each property along with title insurance.
“The sale of these properties to responsible tax payers will help to increase property values and strengthen our community,” said Assumption Parish Secretary-Treasurer, Kim Torres. We encourage those interested in property ownership to browse the auction inventory and take advantage of this unique opportunity.”
The auctions will place these properties back on the tax rolls and generate significant, recurring annual tax revenues to the parish.
“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 in the auction inventory, and who meet certain legal requirements, can purchase adjoining property for $500 plus the costs to bring the property to auction,” said Torres.
Assumption Parish adjudicated properties are listed on civicsource.com. 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.
On Wednesday, February 1, 2017, CivicSource will hold a public information session for purchasing adjudicated real estate at 6:00 p.m. at the Assumption Parish Community Center located at 4910 Highway 308. in Napoleonville, LA 70390. If you would like to attend the public information session, email your RSVP to RSVP@CivicSource.com.
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 is 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