Livingston Parish, LA (Mar. 31, 2017) – Livingston Parish is taking the necessary steps to sell adjudicated properties through a new online auction process. Over 100 adjudicated properties are listed for sale at CivicSource.com. These properties were adjudicated due to unpaid property taxes. The properties went unsold at tax sale and in many cases, have been off the tax rolls for years, not generating annual tax revenues.
Livingston 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. Only properties that have been adjudicated for more than five years will be available. The sales provide winning bidders with full ownership of each property. The properties are listed at $0 plus closing costs and include title insurance. The average starting bid price is $5,000.
On Thursday, April 6, 2017, CivicSource will hold a public information session for purchasing adjudicated real estate at 6:00 p.m. at the Livingston Parish Council Chambers located at 20355 Government Boulevard, Livingston, LA 70754. If you would like to attend the public information session, email your RSVP to RSVP@CivicSource.com.
“By finding an innovative way to return these properties to commerce, the parish is recouping important revenue,” said Livingston Parish President Layton Ricks. “Our partnership with CivicSource makes it easier for investors and individuals to purchase adjudicated properties. Offering these properties for sale with a clear title and title insurance will create a larger field of potential buyers,” Ricks said. “I am positive that we will increase our sales of adjudicated properties which helps to stabilize our neighborhoods and our property values.
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 place of business.
The adjudicated properties will be plotted on a map and each property will include a detailed description. Registered users initiate legal due process compliance work for properties to go to auction through an $850 deposit. The initial $850 deposit will go toward the sale price of the winning bid. Online auctions for adjudicated properties are held on the first Wednesday of every month, from 8:00 a.m. to 8:00 p.m., subject to a rolling close in the case of last-minute competitive bidding.
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 representative from CivicSource and have their questions answered.
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