All sales are carried out by RKS Law Firm on the front steps of the Hoke County Courthouse at 304 North Main Street, Raeford North Carolina.

The Tax Department takes tax foreclosures really seriously. Before proceeding with any legal action, notice is offered to the taxpayer by phone, letters, notices, etc. The Tax Department only forecloses if there is no reaction from the taxpayer after action is taken or if the taxpayer does not follow through with an agreed-upon payment arrangement made with the Tax Department. A tax foreclosure can begin at any date after January 5th of the present year that is being gathered.

Tax foreclosure sales may be processed by one of 2 treatments:

1. In-Rem Foreclosures: The Tax Department and the Hoke County Sheriff's Office will deal with all aspects of the foreclosure proceedings. More defined information on this style of foreclosure can be discovered by reviewing the basic statute (G.S. § 105-375) 2. Mortgage Style: The County will refer the account to an outdoors attorney who will manage all elements of the foreclosure proceeds. The tax liens on genuine residential or commercial property in North Carolina go through foreclosure in a way similar to bank foreclosures. More specified info on this style of foreclosure can be discovered by examining the general statute (G.S. § 105-374).
Other practical details relating to Tax Foreclosures

ALL SALES ARE FINAL. BUYER BEWARE. WE PROVIDE THE PROPERTIES ON A 'WHERE IS' AND 'AS IS' BASIS. THE COUNTY MAKES NO REPRESENTATION OF WARRANTY, EXPRESS OR IMPLIED. IT IS THE BUYER'S RESPONSIBILITY TO INVESTIGATE THE RESIDENTIAL OR COMMERCIAL PROPERTY PRIOR TO BIDDING.

Anyone thinking about buying residential or commercial property at a tax foreclosure sale must understand that there is a threat. The County does not guarantee or supply any guarantee. Pursuant to state law, when bidding at a public sale, bidders become personally accountable and accountable for their quotes. It depends on the bidder to understand exactly what they are bidding on. The County will not overturn a sale and refund the purchase cost or deposit since a bidder did not know what they were bidding on.

If a bidder fails to follow through with their winning quote, the bidder will forfeit the deposit and the residential or commercial property will be resold. If the next bid is less than the initial winning quote, a default judgment will be gotten in against the defaulting bidder for the loss. At the discretion of the Sheriff, defaulting bidders may be disallowed from making subsequent quotes at any foreclosure sale carried out by Hoke County.

Notice of Sale: All sales will be marketed in a paper that meets the requirements of general blood circulation as needed, prior to the sale date. Additional details may be posted to the County's website to help with promoting the sale and opening quote.

Location on Sale: Foreclosure sales will be managed by a public auction on the front actions of the county court house set up at the discretion of the appointed commissioner performing the sale. Sales will be made to the last and greatest bidder and each residential or commercial property will be sold "as is" and without guarantee. Each sale may go through further outstanding taxes and any regional enhancement assessments versus the residential or commercial property not consisted of in the judgment.

Bidding on an auction residential or commercial property: You can bid on any residential or commercial property by participating in the sale on the courthouse steps the day the sale is to occur. The price for each residential or commercial property has a Projected Opening Bid set prior to the date of the sale. This is the approximate quantity required for the opening bid. The person conducting the sale will announce the actual opening bid for each residential or commercial property at the time of sale. A deposit of 5 percent (5%) or $750.00 whichever is greater and the balance of the price bid need to be paid at the end of the ten-day duration and confirmation of the sale. Funds need to be licensed funds made payable to the correct entity that managed the auctioned residential or commercial property. The Attorney or the Sheriff's office may, at its discretion, figure out and permit an affordable time within which to provide the effective quote amount, but under no scenarios will the time be encompassed the day following the sale. Bids are left open for upset quotes 10 days after the sale date. You will be notified that an upset quote has been gotten. At that time you will have the option to place a greater quote. Any upset quotes must be made face to face at the Hoke County Clerk of Superior Court.

Upset Bid procedure: An individual thinking about making an increased quote should go to the Office of the Clerk of Superior Court at the Hoke County Courthouse. The increased bid needs to exceed the current bid by five percent (5%) or $750.00 whichever is greater. To make an increased bid a deposit of 5 percent (5%) of the quantity of the new high bid, or a minimum of $750.00, should be delivered to the Clerk of Superior Court by money or certified check or cashier's check satisfactory to the Clerk.

Final Bid Process: After the time for submitting an upset bid has actually expired, G.S. 1-339.67 attends to an order of verification to be gotten in. No sale might be consummated until validated by the Clerk of Superior Court. The final bidder will be gotten in touch with and plans will be produced complete payment, which will be due in the type of a licensed funds made payable to the correct entity that handled the auctioned residential or commercial property. Bids accepted at auction and disturbed during the 10 (10) day duration must be paid in full within 10 (10) days after the upset bid due date.

Deed Preparation: Buyer ought to get in touch with the entity that performed the sale.

How to stop the process: State law supplies that any owner, mortgage holder, or defendant in a filed tax foreclosure case can stop the foreclosure procedure at any time by redeeming the residential or commercial property. The redemption price amounts to the taxes, interest charges, and expenses of the foreclosure proceeding to the date of the redemption. If payment is made after the tax sale, but prior to the confirmation of the sale, that is, within ten days of the sale or any resale, the judgment will be satisfied and the proceedings halted.


ALL PROPERTIES ARE SOLD IN "AS IS" CONDITION. INTERESTED PARTIES ARE ENCOURAGED TO RESEARCH ALL PROPERTIES THOROUGHLY PRIOR TO SALE AND BEFORE BIDDING ON A RESIDENTIAL OR COMMERCIAL PROPERTY.