ACTION NEWS 17, Sept. 20th, 2016
KENTWOOD—On Wednesday, September 21, 2016, the Town of Kentwood, LA will host a Tax Certificate Sale at CivicSource.com. By hosting the sales online, bidders who would not normally be able to attend the auction in person are still able to participate. READ MORE
KENTWOOD, LA – Sept. 19, 2016 – On Wednesday, September 21, 2016, the Town of Kentwood, LA will host a Tax Certificate Sale at CivicSource.com. By hosting the sales online, bidders who would not normally be able to attend the auction in person are still able to participate.
Currently, over 60 properties are slated to go to sale, ranging in price from $350 to $500. The sales are open to the general public. Free registration and a list of available properties are now available at CivicSource.com.
A Tax Certificate Sale is the sale of properties that have delinquent taxes due. The tax certificates for these properties are sold to the public for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions. The Tax Certificate Sale is a low-bid wins style auction, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property.
Winning bidders of the tax sale are expected to pay for their purchases within 72 hours of the close of the auction. Payment must be made in one installment and all sales are final.
These auctions and all future tax sales can be viewed at CivicSource.com. Using the convenient search options, bidders can set the parameters for any property that falls within their interests and budget.
FRANKLIN, La. (Sept. 13, 2016) – On Tuesday, September 20, St. Mary Parish Government will partner with CivicSource to hold an educational seminar on tax adjudicated real estate at 6:00 p.m. at the Patterson Area Civic Center located at 116 Cotten Road in Patterson, LA. The event is free and open to the public. Interested citizens will learn how to purchase tax adjudicated real estate with title insurance with an average starting price of $5,000. Read More
Bastrop Daily Enterprise
The Bastrop Mayor and Board of Aldermen meet in their regular monthly meeting Thursday night in Bastrop. Among the items discussed, was a presentation by Stephen Morel of CivicSource, a New Orleans company that hosts online auctions for adjudicated properties throughout the state. According to it’s website CivicSource “is the leading auctioneer of tax-distressed real estate. From tax sales to adjudicated property auctions, CivicSource digitizes due process compliance to ensure legally valid sales.”
CivicSource would list tax delinquent, adjudicated properties on it’s website, and hold online auctions to sale the properties. While the delinquent taxes are not a part of the process, by selling these adjudicated properties, the City would once again have them on the tax rolls and begin receiving tax revenue from them. Read More
Memphis Daily News
Bidders have until 8 p.m. (CST) Friday, Sept. 9, to bid on properties in the fourth and final online tax sale auction for 2016.
Shelby County government is offering more than 400 residential, commercial and vacant properties at www.CivicSource.com in the sale that began Sept. 7.
The tax sale is conducted four times each year and is a joint effort of the Chancery Court Clerk & Master and the Shelby County Trustee’s Office. For the final auction this year, the available properties are randomly grouped into four batches, with each batch having a different closing time. This will allow investors to redeploy unused capital throughout the sale.
As in the past, the opening bid for a property includes delinquent city and county taxes, accrued interest and penalty charges, court costs, attorney fees, as well as service and title costs. Owners of the property may still pay the amount of taxes governing the sale up until the close of business prior to the day of the sale.
Interested parties can sign up for the tax sale at www.CivicSource.com. Register now for a free account.
Additional questions can be directed to the Shelby County Trustee, at 901-222-0200, or the Chancery Court Clerk & Master’s office at 901-222-3900.
MEMPHIS, Tenn. (Sept. 8, 2016) – In the fourth and final online tax sale auctions for 2016, Shelby County Government is offering over 400 residential, commercial and vacant properties at www.CivicSource.com, beginning Wednesday, September 7 at 8 a.m. through Friday, September 9 at 8 p.m..
The tax sale is conducted four times each year and is a joint effort of the Chancery Court Clerk & Master and the Shelby County Trustee’s Office. For the final auction this year, the 400 available properties are randomly grouped into four batches, with each batch having a different closing time. This will allow investors to redeploy unused capital throughout the sale.
As in the past, the opening bid for a property includes delinquent city and county taxes, accrued interest and penalty charges, court costs, attorney fees, as well as service and title costs. Owners of the property may still pay the amount of taxes governing the sale up until the close of business prior to the day of the sale.
Interested parties can sign up for the tax sale at http://www.civicsource.com. Register now for a free account and familiarize yourself with several investor friendly features such as custom watch-lists, sliding close and proxy biding.
Additional questions can be directed to the Shelby County Trustee, at (901) 222-0200, or the Chancery Court Clerk & Master’s office at (901) 222-3900.
The Shelby Sun Times
In the fourth and final online tax sale auctions for 2016, Shelby County Government is offering over 400 residential, commercial and vacant properties at www.CivicSource.com, beginning Sept. 7 at 8 a.m. through Sept. 9 at 8 p.m.. Read More
The Advocate staff report
East Baton Ropuge holds auctions the first Wednesday of each month to sell property seized when the owners did not pay their taxes.
A number of properties are up for auction on Wednesday, Sept. 7, from 8 a.m. to 8 p.m. Click here to see a map of available properties. Click here to see in list form.
In February the city owned about 2,000 tax adjudicated properties, many abandoned and blighted. That month, the city partnered with CivicSource, a New Orleans-based company that allows prospective buyers to place their bids online.
By law, the government can hold an auction once someone puts down a deposit, typically $850. The city then advertises the sale, puts it on the block and sells it to the highest bidder.
The winning bid covers the price of the title, closing cost and title insurance. The person who pays the deposit gets the money back if he or she doesn’t win the auction.
BIZ NEW ORLEANS
7-8-16
NEW ORLEANS – Reps with CivicSource, the leading auctioneer of tax-distressed real estate, said while governments across the country are trying to avoid raising taxes, Louisiana’s local governments have found a way to increase revenues without increasing taxes – they are placing tax-adjudicated properties back on their tax rolls.
The Daily News
Bogalusa, LA-We’re happy that so far six homes that had been abandoned and off of the property tax rolls in Bogalusa have now been sold, are on the tax rolls and are on their way to looking better.
We want to congratulate the city leaders once again for voting to allow CivicSource to auction off abandoned property. Six houses isn’t a lot in the face of the dozens of abandoned properties, but it is better than nothing and we suspect when more people realize they can buy a home for $5,000 or $6,000, they will participate in CivicSource auctions. And while it is true that these houses may need a lot of work, the end result could easily be less than buying a home in better shape.