CivicSource offers info on buying adjudicated property

AMITE—On Tuesday, June 25, 2019, at 6:30 p.m. CDT, CivicSource® will hold a community information session on purchasing adjudicated property in Tangipahoa Parish. 

The event is free and open to the public and will be held at the Amite Branch Library, located at 204 NE Central Ave. in Amite City. 

Comprehensive training on all aspects of purchasing adjudicated properties, including how to acquire title insurance, will be covered.

All adjudicated properties for sale at CivicSource.com went unsold in a previous tax certificate sale. Taxing authorities across Louisiana auction these tax-delinquent properties online through CivicSource.com. By hosting the sale online, bidders who would normally be unable to attend the auction in person are able to participate from their homes or places of business. The sales return blighted, abandoned or tax-adjudicated properties to commerce while regenerating significant annual tax revenues to the Parish. 

Visit CivicSource.com to view a complete listing of qualified, adjudicated properties or to nominate properties for auction through a deposit of $850. The properties are listed for $0 plus closing costs. Both commercial and residential properties are available for purchase.

To RSVP for the upcoming information session on purchasing adjudicated properties, visit events.CivicSource.com.

Original article found here: https://www.actionnews17.com/civicsource-offers-info-on-buying-adjudicated-property

Civicsource to hold community meeting on purchasing adjudicated property in Caddo Parish

SHREVEPORT, La. – If you’re looking to get your hands on some adjudicated property, you’re in luck.

CivicSource® is holding a community information session Thursday at noon on purchasing adjudicated property in Caddo Parish.

The event is free and open to the public and will be held at the Shreve Memorial Library at 424 Texas Street.

Comprehensive training on all aspects of purchasing adjudicated properties, including how to acquire title insurance, will be covered.

Click here to learn more and to RSVP for the session.

Original article found here: https://www.ktbs.com/news/local/civicsource-to-hold-community-meeting-on-purchasing-adjudicated-property-in/article_1f494090-8231-11e9-b0bf-f7afbd538103.html

CPSO gearing up for online tax sale

CADDO PARISH, La. (KTAL/KMSS) — The Caddo Parish Sheriff is getting ready to hold its annual online tax sale.

The auction will be held from 8 a.m. until 8 p.m. Tuesday, June 4 at CivicSource.com

Over 2,000 properties are slated for auction, ranging from $291 to $96,027. The sale is open to the public, and registration is free. 

The auction price is fixed at tax, interest, costs and other impositions due, so instead of competitive price bidding, ownership interest in the property is bid down. 

The winning bid is the least percent ownership bid on any property. Winning bidders receive tax title certificates, an interest-bearing investment returning five percent and one percent per month until paid. 

If not repaid within three years, the purchaser receives property ownership in the amount equal to percent bid at auction, subject to the taxes being paid. 

Delinquent taxpayers have until 5 p.m. on June 3 to pay any outstanding tax bills to keep their property out of the sale.

For a complete listing of properties slated for the 2019 tax sale, visit CivicSource.com/CaddoParish

Meanwhile, an information session about tax title sales will be held at 6:30 p.m. Thursday, May 30 at the Shreve Memorial Library on 424 Texas St.  The event is free and open to the public.

For more information on the Louisiana tax title sale process or to view upcoming auctions, visit CivicSource.com.

Original Article Found Here: https://www.arklatexhomepage.com/news/local-news/cpso-gearing-up-for-online-tax-sale/2016576545

Hamilton Co. to hold community information sessions on investing in tax-delinquent property.

Over 150 properties anticipated for purchase during four-day auction

The Hamilton County Trustee’s office along with CivicSource® will hold community information sessions on investing in tax-delinquent property. 

The two sessions are free and open to the public.  They will be Thursday, May 23, at 12:00 p.m in the McDaniel Building, located at 455 N. Highland Park Ave. in Chattanooga and at 6:30 p.m. in the Mountain City Club located at 729 Chestnut St. in Chattanooga. 

Comprehensive training on all aspects of purchasing tax-delinquent property will be covered.

If you are not able to attend the in-person sessions, online sessions will be held on Thursday, May 23, 2019, at 12:00 p.m. and 6:30 p.m. EST. 

Hamilton County will hold their tax sale auction online at www.CivicSource.com, beginning Monday, June 3 at 8:00 a.m. EST and ending Thursday, June 6 at 2:00 p.m. EST, subject to a sliding close. Over 150 residential, commercial and vacant properties in Hamilton County will be included in the June auction.

More information can be found at CivicSource.com.

Original article found here:
https://www.wrcbtv.com/story/40504779/hamilton-co-to-hold-community-information-sessions-on-investing-in-taxdelinquent-property

St. James going digital for delinquent property purchases

CONVENT – St. James Parish Government has updated its adjudicated property auction processes by implementing the technologies of CivicSource, a leading online auctioneer of tax-delinquent real estate.

At 6 p.m. Tuesday (May 21), CivicSource will hold a community information session on purchasing adjudicated property in St. James Parish.

The event is free and open to the public and will be held at the Convent Annex, located at 5800 LA Highway 44.

Organizers hope this helps the Parish restore significant, annually recurring revenues to St. James from taxes that had previously gone unpaid.

“The partnership between CivicSource and the Parish Council is a win-win situation for the Parish,” St. James Parish President Timothy Roussel said.

“The online auctions will return properties to the tax roll, eliminate blight in our communities and rural areas and make adjudicated real estate available to the public at a reasonable price.”

St. James’ new, technology-driven property auction will take place online at CivicSource.com, allowing bidders to conduct property research and participate in the auction from any internet-ready device whether at home, work or a public facility.

CivicSource.com offers numerous innovative purchaser tools including access to auction legal research, integrated Google and GIS parcel maps, a proxy bidding feature, customizable watch lists and a sliding close function preventing last-second, online bid sniping.

Visit CivicSource.com to view a complete listing of qualified, adjudicated properties or to nominate properties for auction through a deposit of $850.

The properties are listed for $0 plus closing costs. Commercial and residential properties are available. To RSVP for the upcoming information session on purchasing adjudicated properties, visit events.CivicSource.com.

Original article found here:
https://m.lobservateur.com/2019/05/18/st-james-going-digital-for-delinquent-property-purchases/

Free community info session scheduled on how to buy adjudicated property

EAST BATON ROUGE PARISH, LA (WAFB) – CivicSource is holding a free informational session for the public about how to buy adjudicated property for sale in East Baton Rouge Parish.

The meeting will be held Thursday, May 9 at 6:30 p.m. at the Central Branch Library, located at 11260 Joor Rd.

Information will be provided on all aspects of buying adjudicated property, including how to get title insurance. All properties for sale at civicsource.com went unsold at a previous tax certificate sale. These tax delinquent properties are sold by taxing authorities across Louisiana at auctions hosted by CivicSource. At these auctions, blighted, abandoned, or foreclosed properties are sold, generating significant annual tax revenue for the parish.

Click here to view a full list of adjudicated properties for sale in EBR Parish. There are both commercial and residential properties for sale. To RSVP for the upcoming informational session, click here.

Original article found here:
https://www.wafb.com/2019/05/07/free-community-info-session-scheduled-how-buy-adjudicated-property/

City officials in New Iberia working to clear 30 blighted properties

NEW IBERIA, La (KLFY) – The City of New Iberia is working to clean blighted properties. 

“It’s time to be a little bit more aggressive. We’ve been fortunate to sell properties through civic source which came to about $50,000. All of those funds were generated from adjudicated property so we are putting it right back into the system,” says Mayor Freddie DeCourt. 

The Mayor has put together a two part plan to tackle almost 30 properties in the city.

“We are tearing down about 12 immediately. This is the first time we bring that many at once and then in phase 2 in the fall, Public Works crews will begin boarding houses that could be saved.” he said. 

Phase 2 will involve 18 other properties throughout the city.

“We don’t want to represent empty lots, we want people. By cleaning these properties up, hopefully the ones that are boarded, we will be able to put back on the market and the ones that we tear down now makes a vacant piece of property that could be developed,” Decourt said.  

Original article found here: https://www.klfy.com/news/local/city-officials-in-new-iberia-working-to-clear-30-blighted-properties/1841010784

Councilwoman to host sessions about acquiring adjudicated property

Metro Councilwoman Chauna Banks is hosting information sessions on how to acquire property in East Baton Rouge Parish. The event is free and open to the public. The meeting will include details on getting title insurance and paying the outstanding taxes.

The second session will be at 5:30 p.m. Feb. 28, at Louisiana Leadership Institute, 5763 Hooper Road, Baton Rouge.

The goal is to help bring new life to blighted, abandoned or tax-foreclosed properties, according to a news release. Agency representatives will present five unconventional pathways to acquire these properties. Both residential and commercial investors will learn how to purchase tax-delinquent assets by attending these informational.

A list of invited agencies and programs:

  • East Baton Rouge Parish Sheriff’s Office sale, a public auction of property repossessed to satisfy an unpaid obligation.
  • Parish Attorney’s Office, which handles the sale of adjudicated properties through public bids and donations.
  • CivicSource, a company partnered with the city-parish to offer an online process for the sale of adjudicated property in excess of five years.
  • Mow to Own Program, which allows certain parties to avoid the public bidding and receive a preference in making an offer to purchase adjudicated properties in excess of three years.
  • East Baton Rouge Redevelopment Authority, which has the ability to acquire and quickly clear title to tax sale and adjudicated properties.

For information, contact the District 2 office at (225) 389-8331 or email cbanks@brla.gov.​​

Original article found here: https://www.theadvocate.com/baton_rouge/news/communities/zachary/article_8efef842-24c8-11e9-aadd-1353b9410e2c.html

Want to buy a property seized for back taxes? Firm to show you how at meeting in Donaldsonville

DONALDSONVILLE — City officials are launching an online system to auction properties in the city’s hands because of unpaid back taxes.

CivicSource, the contractor running the online auction system, is set to explain the process during a meeting at 6:30 p.m. Thursday inside the City Council Chambers, 609 Railroad Ave.

CivicSource officials will offer training on buying adjudicated properties, including how to acquire title insurance, according a statement by the firm.

CivicSource, which is based in New Orleans, has operated the same online auction for Ascension Parish government since 2017.

The company said its services help restore revenue to local governments by bringing properties back to the tax rolls.

CivicSource’s statement said all adjudicated properties for sale on its website had previously gone unsold at a tax sale and have not had back taxes redeemed.

The company said it specializes in “digitized due diligence, ensuring all homeowners, heirs, and persons of interest affiliated with a tax-delinquent property have been adequately notified” before the property is sold.

Those planning to attend can RSVP at events.civicsource.com.

Original article found here: https://www.theadvocate.com/baton_rouge/news/communities/ascension/article_975d7ebc-fe5a-11e8-94ba-2335c4a04e98.html4ba-2335c4a04e98.html

Police Jury heads in right direction on blighted property

Abandoned, blighted property is a huge drain on a community. Not only does it look bad when an unused building falls into disrepair or a vacant lot gets overgrown, it costs the community money. Sometimes that cost is in maintenance or repairs the government has to invest to prevent a safety hazard. Other times it is the lost tax revenue from the property.

Earlier this week, the Rapides Parish Police Jury’s Parochial Board Liaison and Legal Committee approved contracting with Civic Source, a New Orleans-based company that specializes in auctions of tax-distressed real estate on behalf of parishes and municipalities across the state. The issue will need approval from the full Police Jury before it takes effect.

We see this as a good move and encourage jurors to support the proposal.

A current estimate put the number of adjudicated properties in the parish at about 4,000. “If we put 100 to 200 pieces of property back into use, where somebody is paying taxes on them and somebody is maintaining them, that’s a win,” said Police Jury legal counsel Greg Jones.

But wait, some may say, if the government can seize property for failure to pay, why don’t they just auction it themselves? Why engage an outside company? Isn’t that what Sheriff’s sales are for?

Short answer, yes, governments can do it themselves. But the problem is, it’s a lot more complicated than one might think and often the seized property doesn’t sell.

Buying property at a tax sale is inherently risky. Governing bodies do their best to find the property owners, or the rightful heirs in cases where the property owner has died, but its not that uncommon for a property to be sold and then the rightful heir or owner comes forward.

Under Louisiana law, there is a three year window in which the property could be reclaimed. So buyers have that issue to deal with. But even if that isn’t a problem, real estate acquired through tax sales can face title issues. And if a buyer can’t secure a clear title they are less likely to buy the property.

Doing all of the necessary due diligence work on the front end is costly and time consuming. Contracting with a company that specializes in such minutia and has an established reputation with other communities in the state makes sense. Larger areas, including New Orleans, Lake Charles and Shreveport, have chosen to use Civic Source as well.

Using an established broker hosting online auctions also expands the base of potential buyers. There are many regional and national investors who look for tax sales and are willing to take the risk of purchasing a property for the past due taxes in the hopes that they can fix it up and sell it at a profit. That’s a win-win, for the investor and for the community that sees its property values increase and the government regains its recurring tax revenue. Sites that aggregate tax sales are a natural place those investors will check regularly. And, with the online auction system, potential buyers initiate the sale and cover associated costs — so the process costs local governments and taxpayers nothing.

In Shreveport, which last year had an estimated 1,000 adjudicated properties when they contracted with Civic Source, the estimate was $250,000 in new revenue from the program. With the financial challenges currently facing Rapides Parish, bringing in outside expertise to help get blighted property back into productive use and generating revenue without adding to the burden of local taxpayers sounds like a good plan.

Original article found here: https://www.thetowntalk.com/story/opinion/2018/07/08/editorial-police-jury-heads-right-direction-blighted-property/763741002/