Adjudicated Property Bundling

Bundling Requirements

  • All properties must be located within the same taxing authority. (Need to ensure city properties are not included in a Parish bundle, EXCEPT where a unified City/Parish contract exists (i.e., Caddo/Shreveport);
  • The depositor will select all prospective properties to be included in the bundle, although CivicSource and the taxing authority have final and sole discretion to approve all properties;
  • A bundle must contain a minimum of five properties;
  • There is no maximum number of properties;
  • One deposit per property in the bundle is required;
  • All properties in the bundle will go through the same research and legal compliance work performed on every adjudicated property sold through CivicSource.  If prior to the auction a property redeems or is canceled by the taxing authority or cannot be sold for any other reason, that property will be removed from the bundle and the remaining bundle will remain and continue to proceed to auction;
  • In the event of a redemption or canceled property, the bundler will be refunded the deposit for that property. Discounts will not be affected by redemptions.
  • The bundle will be advertised and offered for sale at a public auction in accordance with State law and online at www.civicsource.com, and will be placed into a CivicSource online auction approximately 120 days from placement of the deposit;
  • The starting auction price of the bundle is estimated to be approximately between $4,500 and $5,000 per property, inclusive of all pre-auction due diligence, closing costs and title insurance.  Please note, this amount is subject to change depending upon the complexity of the pre-auction title work, number of mailings and cancellations required; Costs may change and be added per auction.
  • If a bundled property is redeemed or canceled after the auction, the costs for that property will be deducted from the winning bid.
  • Full payment will be required by certified funds or wire within 48 hours of the close of the bundled auction;
  • The sale of all properties in the bundle will be closed at the same time.
  • A rebate check for the volume discount will be provided at the time of closing.

    Bundling Rebate

  • 5 – 14 properties = $150 / per property
  • 15 – 24 properties = $225 / per property
  • 25+ properties = $300 / per property

    Start Bundling!

  • Assemble a list of five or more adjudicated properties and email the properties’ addresses and parcel numbers to bundling@civicsource.com. We will verify that the properties are approved for bundling and reach out to you regarding your deposits.
  • Contact us if you have any questions.