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VIEW: CivicSource Virtual Lunch & Learn

Want to learn more about CivicSource and how to purchase adjudicated properties with title insurance at an average starting price of $5,000?  VIEW the CivicSource Virtual Lunch & Learn held on Wednesday, November 30, 2016. The next Virtual Lunch & Learn will be held on Wednesday, January 25th at Noon CST. More details coming soon in our eNewsletter.

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Lots of potential: Adjudicated properties auctioned online

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

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D.A. helping host St. John Parish property sale seminar

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.

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CivicSource Information Session: St. John the Baptist Parish Tax Adjudicated Real Estate Thurs. Nov. 17th at 6:30 p.m.

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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NORTH LAKE CHARLES TAX ADJUDICATED REAL ESTATE LISTED ON CIVICSOURCE.COM TODAY AT NOON

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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Residents can soon bid on north LC property

 Thursday, October 27, 2016 1:46 PM

By Emily Fontenot / American Press

Starting Nov. 1, north Lake Charles properties once repossessed by the state will be auctioned off online in an effort to recirculate them and spur development, city officials said Wednesday.

The Lake Charles North Redevelopment Authority began working with New Orleans company CivicSource, which markets adjudicated properties online, earlier this year.

Authority President Kathleen Dorsey Bellow said she and her team have been busy selecting properties to put on the company’s website.

CivicSource Chief Legal Officer Stephen Morel visited Lake Charles on Wednesday to explain the process and answer questions from the community. Over 100 people came out for the event.

Starting Nov. 1, residents can shop for local properties through CivicSource, Morel said. Once someone places an $850 deposit on a property, CivicSource will prepare it for auction. He said the deposit will go toward final payment if the person wins. If the person doesn’t win, he or she will get the deposit back.

After 90-120 days of legal work, which includes contacting heirs and securing title insurance, the property will be auctioned 8 a.m.-8 p.m. on that month’s designated auction date, which usually falls on a Wednesday, Morel said. The auction will be hosted on CivicSource’s website. The winning bidder will receive full ownership of the property at no additional cost, he said. All payments must be made within 48 hours of closing.

One question asked by the public dealt with the built-in cost of legal work. Morel said legal work costs about $5,000 on average, but could be much lower or higher depending on the number of heirs and amount of work needed to prepare the property for auction. He said bidding will start at whatever the price of legal work ends up being.

Another question dealt with rights of adjoining landowners. Morel said that if adjoining landowners meet certain criteria, they are granted right of first refusal on that property and can buy it before it goes to auction.

Morel said there are 4,000 adjudicated properties from across the state for sale on CivicSource’s website and that the number is growing.

Bellow said Lake Charles is putting 75 properties online Nov. 1 as a trial run. There are over 300 adjudicated properties in north Lake Charles alone, she said. The city will consider putting the rest up based on how well the public responds to the first 75, she said.

The goal of using CivicSource is for property buyers “to get a more excellent product,” since all the legal work will be taken care of by a team of professionals, Bellow said. The process is too complicated for a person to battle alone, she said, and CivicSource has built-in resources that take away the headache.

Bellow said the goal of recirculating property is for north Lake Charles to see healthy new development in the near future. Many people leave the area after going off to school or getting a job, she said, and the city wants to encourage them to give back to the area.

“We want them to come back home to bring back vitality to the community,” she said.

Online: www.civicsource.com.

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ST. BERNARD PARISH GOVERNMENT & CIVICSOURCE TO HOLD AN EDUCATIONAL SEMINAR ON INVESTING IN TAX ADJUDICATED REAL ESTATE

ST. BERNARD PARISH GOVERNMENT & CIVICSOURCE TO HOLD EDUCATIONAL SEMINAR ON INVESTING IN TAX ADJUDICATED REAL ESTATE

Online auctions provide winning bidders with full ownership of each property including title insurance

On Tuesday, November 1st at 6:00 p.m., St. Bernard Parish Government will partner with CivicSource to hold an educational seminar on purchasing tax adjudicated real estate.  The seminar will be held in the St. Bernard Parish Council Chambers located at 8201 W. Judge Perez Drive in Chalmette, LA. 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. Bernard 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. Bernard 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.

“We appreciate the partnership with CivicSource to help spur new development and strengthen neighborhoods across our parish,” said Guy McInnis, St. Bernard Parish President.”

There is a complete listing of qualified adjudicated properties on CivicSource.com where investors nominate properties for auction through a sale initiating 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 educational seminar for St. Bernard Parish tax adjudicated real estate, email your RSVP to RSVP@CivicSource.com.

LINK TO ARTICLE

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CivicSource To Host Virtual Lunch & Learn on Wednesday, October 26th

On Wednesday, October 26th, CivicSource will host a Virtual Lunch & Learn at 12:00 p.m. CST. The WebEx meeting will provide attendees with an overview the Company, the adjudicated property sale process, how to navigate our website, register and participate in upcoming auctions.  Email your RSVP to RSVP@CivicSource.com and you will receive login details.