Walker, Killian to hold online tax certificate sale on Wednesday

LIVINGSTON — On Wednesday, the city of Walker and the town of Killian will host their annual tax certificate sale at civicsource.com.

The online auction opens at 8 a.m. and ends at 8 p.m., subject to a sliding close.

More than 45 properties are slated to go to auction between the two sales, ranging in price from $501 to $1,741. The sale is open to the public.

Free bidder registration and a list of tax sale properties are available at civicsource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a three-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions, a news release said.

In Louisiana, tax certificate purchasers receive a 5 percent penalty and an interest rate of 1 percent per month for the duration of the three-year redemptive period. Tax certificate sales are a low-bid-wins style auctions, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property. If the property is not redeemed by the delinquent owner within the three-year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment, and all sales are final.

Original article found here: http://www.theadvocate.com/baton_rouge/news/communities/livingston_tangipahoa/article_476f0d4c-5f74-11e8-9016-43dd950a0297.html

Bossier Sheriff schedules property tax sale for Tuesday, June 5

The Bossier Parish Sheriff’s Office will hold its annual property tax sale on Tuesday, June 5, from 8 a.m. to 8 p.m., for properties that have unpaid 2017 property taxes.

The sale is for approximately 354 assessments of land, commercial and residential properties that have unpaid ad valorem property taxes for 2017.

Property owners of these unpaid assessments can still make their tax payments by 4:30 p.m. Monday, June 4, to have their property removed from the Tax Sale list. Online payments at www.bossiersheriff.com are accepted through noon Tuesday, but payments can still be made in person by 4:30 p.m. Tuesday at the Bossier Parish Courthouse or any of the Sheriff’s Office substations.

The tax sale is open to the public and will be held online only. To register and bid, go to www.civicsource.com, and click on “Sign In” to register. The bidding process is explained upon registration.

For further information or payment options for outstanding assessments, call the Bossier Sheriff’s Office Property Tax Department at (318) 965-3400.

Original article found here: https://www.bossiernow.com/bossier-sheriff-schedules-property-tax-sale-for-tuesday-june-5/

 

IPSO, New Iberia schedule annual tax certificate sales online

On June 5, the Iberia Parish Sheriff’s Office and city of New Iberia will put on their annual tax certificate sales at CivicSource.com.

The online auctions open at 8 a.m. and end at 8 p.m., subject to a sliding close. More than 500 properties are scheduled to go to auction between the two sales, ranging in price from $232 to $11,462. The sales are open to the public.

Free bidder registration and a list of tax sale properties are available at CivicSource.com.

A tax certificate is an interest-bearing lien on a tax-delinquent property that can be converted into a deed after a three-year redemptive period. Certificates are sold by a taxing authority at a public auction for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions.

In Louisiana, tax certificate purchasers receive a 5 percent penalty and an interest rate of 1 percent per month for the duration of the 3-year redemptive period. Tax certificate sales are 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. If the property is not redeemed by the delinquent owner within the three year redemptive period, the investor can file to acquire ownership in the property based on his or her bid amount.

Winning bidders of the tax sale are expected to pay for their purchases within 24 hours of the close of the auction. Payment must be made in one installment and all sales are final.

Original article found here: https://www.iberianet.com/news/ipso-new-iberia-schedule-annual-tax-certificate-sales-online/article_f643e6fc-5e3a-11e8-8928-a74d5fe5d45d.html

Walker targets 100 properties for overdue taxes

WALKER – Approximately 100 properties in the city have owed taxes for so long that they could face sale at auction. Mayor Jimmy Watson said CivicSource, a firm the city hired, is working with Walker to get the taxes owed.

CivicSource, of New Orleans, is an auctioneer of tax-distressed real estate. It digitizes due process compliance to ensure valid sales.

“We’re sending out tax notices,” Watson said, “Currently about 100 properties are scheduled for tax sales.”

The properties will go for auction if the taxes are not paid by June, he said. City Clerk Myra Streeter said some of the taxes owed go back 10 years.

The city does not take action until the taxes owed reach $50, she said, and it takes several years with the penalty to build up to $50.

Taxes unpaid after Dec. 31, 2017, add a 1 percent per month penalty until it is paid, according to a city notice.

Taxes that remained unpaid after Jan. 31, accrue collection costs on the first of each month until the online tax sale on June 6, the notice said.

If a property is sold at a tax sale, the owner is subject to losing the homestead exemption. Property sold at tax sale may be redeemed up to three years from the date of the sale, the notice said.

To find if a current tax bill is unpaid, contact city receptionist Mary Poe at (225) 665-4356 at City Hall.

Original article found here: https://www.livingstonparishnews.com/news/walker-targets-properties-for-overdue-taxes/article_90bf88f2-32ae-11e8-80a5-e344046a8eb8.html

Property purchases win-win for city: Online program puts buyers in touch with tax-delinquent real estate

A recent effort to tackle neighborhood blight in north Lake Charles has seen real returns over the past year, officials said Thursday, giving hope to longtime residents who want to see their area improve.

About 34 tax-delinquent properties in north Lake Charles have been auctioned off online since the launch of a pilot program in late 2016.

The Lake Charles North Redevelopment Authority spearheaded the program through a partnership with New Orleans-based CivicSource.com, which brings adjudicated properties to market through its online platform.

About 94 properties are on the website, and more should go up later this year, said authority President Kathleen Dorsey Bellow.

Bellow said she was pleased to see nearly three dozen properties find new owners through the process, especially since most buyers are local — about 90 percent of people who buy properties through CivicSource statewide are residents of that area, according to company officials.

“I am encouraged because people who either grew up in the neighborhood or go to church here are buying properties, so it’s people affiliated with the neighborhood,” said Bellow.

Representatives of CivicSource hosted two outreach meetings on Thursday for people interested in learning more about the program. They took residents through the process of ownership, from putting down the $850 deposit to bidding on auction day.

About 20 residents attended the morning session, asking questions about the overall cost and how to navigate the website.

Resident Jerry Adams, who attended the morning session, said he was surprised to learn that properties often go for as little as $5,000-$10,000 — a nominal charge compared with the high cost of real estate on the private market. He said new construction could only be a good thing for the area.

“Anytime the public is offered to buy property in their own neighborhood and community it’s a good thing,” said Darol King, who also attended the meeting.

King, owner of Mariah’s Christian Preschool, said he plans to buy two properties within the year for either a business or housing development. He may consider expanding the preschool if he finds the right property.

“We have to turn so many people away because it’s a needed service,” King said. “If we can find a building I can renovate, boy that would be really nice.”

Beau Buyers, a title agent for CivicSource, said the company usually collects $5,100 of the sale price to cover the cost of legal work, with the remainder going to the city. So far, property sales through CivicSource have brought the city $43,000.

Buyers said this money helps alleviate the financial burden Lake Charles has experienced from years of taking care of tax-delinquent properties — mowing lawns and making sure they were in compliance.

He said on average the properties CivicSource sells have been tax delinquent for over 20 years.

 

Original article published here: http://www.americanpress.com/news/local/online-program-puts-buyers-in-touch-with-tax-delinquent-real/article_d74ee1e4-23c9-11e8-a0b1-4b53eabc686e.html

New property project in Bossier City designed to boost economy

(BOSSIER CITY, LA) – The City of Bossier has launched a new project in an effort to sell adjudicated property online.

After five years of no payment of property taxes to a city or parish, a property becomes adjudicated. The city or parish then becomes responsible for the upkeep and security of the property.

“Primarily most of our adjudicated property falling in the five or more a year category are vacant lots. And we spent probably $335,000-$340,000 a year and just maintaining those properties,” said Pam Glorioso, Chief Administration Officer in Bossier City.

With the sale of the properties, the city will not have the expense of maintaining the mostly vacant lots. It will ultimately put them back into commerce. Tax dollars will flow back into the city, because someone would then own that property. The new owner would maintain it as a private property and pay property taxes.

The city has contracted a company called Civic Source to sell the real estate online. The city is now preparing to launch that service which is set to roll out this Fall in about 6 to 8 months.

The company’s primary objective is to look at the title of the property then see if it’s a marketable property. At that point the lot can be put up for sale. This company can also write title insurance to the new purchaser to ensure they do have a good title.

Bossier Parish Police Jury also uses Civic Source and they have been successful in using it to sell properties for the parish.

 

Original article published here: https://www.ktbs.com/news/local/new-property-project-in-bossier-city-designed-to-boost-economy/article_cf219176-2395-11e8-b12a-8fe5e8b84ead.html

Bossier City looks to online auctions for sales of blighted properties

Bossier City is looking to return abandoned, blighted buildings back into productive use by partnering with a company that will make it easier to sell adjudicated properties.

The Bossier City Council on Tuesday will vote on an ordinance that would allow the city to contract with CivicSource, a New Orleans-based company that will establish and administrate online auctions and sales of the city’s adjudicated properties.

These are properties that have been adjudicated to the city due to non-payment of ad valorem property taxes. According to the draft ordinance, many of these properties remain abandoned and contribute to blight in the area.

“CivicSource is in the business of returning adjudicated properties back into commerce,” Ronnie Harris, director of business development for CivicSource, told the city council at a meeting in January. “We do that in a process where we get information from your assessor, we look at the information to ensure the property is marketable and insurable, and we market it by posting signs, placing it on our website and having an informational session here in your city with potential investors.”

The city says it does not have resources to market and fulfill legal requirements for the sale of these properties, or to offer any warranty of title or title insurance to purchasers of adjudicated properties.

These are services CivicSource can provide, Harris said.

“At the end of the process, it goes to an auction and the successful bidder will obtain title insurance for the properties that have been sold,” Harris said. “CivicSource has married the governmental process with information technology and title insurance, in order to wrap it all up and provide a service for our government clients.”

The city’s goal in entering this process is “to encourage the redemption of these properties, to bring these properties back into commerce and productive use, to return these properties back to the active tax rolls, to stimulate economic development and to increase property tax and other tax revenue,” according to the ordinance.

The Bossier Parish Police Jury entered into a contract with CivicSource in 2015 and continues to use its services today because it has proven to be good for the parish, said Parish Administrator Bill Altimus.

“This partnership is helpful to the parish in that it gives our adjudicated property that is eligible to be sold to a company that does all the necessary legal legwork, which is substantial,” Altimus said. “It’s a turnkey process, and in the end allows the purchaser to obtain good and legal title to that property according to current Louisiana law. This property is now back on the tax rolls and is being maintained by the new purchaser.”

The city believes that this process “will increase the redemptions of adjudicated property and increase the number (of) sales of adjudicated property in the City of Bossier City, thus fostering the goals of returning these properties to commerce and productive use and will provide the buyers of these properties a chance to purchase property with title insurance,” the ordinance states.

The city council will meet 3 p.m. Tuesday at the Bossier City Municipal Complex council chambers, 620 Benton Road.

Original article published here: https://www.shreveporttimes.com/story/news/2018/02/19/bossier-city-looks-online-auctions-sales-blighted-properties/351094002/

How to Purchase Adjudicated Property in Caddo Parish

The City of Shreveport and the Caddo Parish Government will partner with CivicSource for a community information session on purchasing tax-delinquent adjudicated real estate at 6:30 p.m. Sept. 27 at the Atkins Branch Library, 3704 Greenwood Road in Shreveport.

The event is free and open to the public. Comprehensive training on all aspects of purchasing adjudicated properties, including how to acquire title insurance, will be covered.

Visit CivicSource.com to view a complete listing of qualified tax-distressed 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.

Article originally published here: http://www.shreveporttimes.com/story/money/business/2017/09/24/business-buzz/105849516/

St. Bernard Parish Partners with CivicSource to Hold a Community Information Session

On Tuesday, September 19, 2017, at 6:00 p.m., the St. Bernard Parish Government will partner with CivicSource to hold a community information session on purchasing tax-delinquent adjudicated real estate in the Sigur Civic Center Ballroom, located at 8245 W. Judge Perez Drive in Chalmette, Louisiana. The event is free and open to the public. 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 sale. The St. Bernard Parish Government auctions 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-delinquent properties to commerce while regenerating significant annual tax revenues to the parish. “Placing properties online has proven a successful method for our parish. Investors are returning these properties to the tax rolls through their purchases, ultimately helping to clean up the parish tax rolls,” said Guy McInnis, St. Bernard Parish President.

Visit CivicSource.com to view a complete listing of qualified tax-distressed 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 St. Bernard Parish information session on purchasing adjudicated properties, visit events.CivicSource.com.

Original article publish here: http://www.sbpg.net/CivicAlerts.aspx?AID=51

CivicSource to Speak at Dale Buys Houses Now! Real Estate Investing Seminar

CivicSource will be presenting on how to purchase tax-adjudicated properties at this informative seminar on real estate investing.

For tickets to the event, click here.
*Enter promo code: CIVIC2017 to receive two tickets for the price of one*

Saturday, August 26, 2017
8:00am – 1:30pm
Juban’s Restaurant
3739 Perkins Rd.
Baton Rouge, LA 70808

Original article found at DaleBuysHousesNow.com

DESCRIPTION

Disclaimer- There will be NO sales pitch made at this seminar!

This seminar is NOT for everyone, so who should come to this meeting? This educational seminar is only for individuals–

… that are serious about Real Estate investing of any kind

…who want to learn tax free or tax deferred investing

…who are interested in investing in real estate declared “surplus” by the parish

…who are curious about what Dale does and exaclty how he does it

…that would like to learn how earn returns of $10,000 or more. This is the amount an average flip can earn if done the right way…

who want access to Dale’s extensive list of homes to fix & flip!

Does any of the above sound like you? Then, YOU should attend!

Here are just a few quotes from locals who’ve worked with Dale:

“Dale shares more real world knowledge than most investors even understand.”

Mike Guidry – Abstracting/Guidry Land Services

“Dale is very entertaining and informative. He gives a new prespective on buying real estate.”

Wendy Berry- Broker/Owner Pro Sold Realty

“I learned more about property law working with Dale than in 3 years of law school.”

Oliva Keen Byers – Baton Rouge Attorney for Title Stream

“Dale wakes up thinking about real estate and goes to bed dreaming about it.”

Jeff Furniss, Realtor – Coldwell Banker One

“I have worked with Dale over 20 years. Dale is honest.”

Frank Cataizaro – Roofing contractor