Tax Foreclosure Properties

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1. Office of the Tax Collector
2. Tax Foreclosure Properties


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- About Us
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Office Address


Valerie C. Woodard Center
3205 Freedom Dr., Ste 3000
Charlotte, NC 28208


Mon-Fri 8 a.m. - 5 p.m.


704-336-7600 [email safeguarded]

Tax Foreclosure Properties


Properties with overdue genuine estate taxes are subject to tax foreclosure. When a tax foreclosure action is adjudicated, the ownership of the residential or commercial property is moved from the delinquent taxpayer to a new owner. The brand-new owner is accountable for all future taxes.


Browse for Properties to Acquire


Kania Law Office


Kania's in depth knowledge of statutes and case law related to tax collections has permitted it to file countless tax collection actions and effectively perform over a thousand tax sales.


Ruff, Bond, Cobb, Wade & Bethune.


Ruff, Bond, Cobb, Wade & Bethune, L.L.P. is understood for its integrity and commitment to outstanding legal service. The company concentrates on civil litigation and industrial real estate.


Office of the County Attorney


The Office of the County Attorney supplies support to the Office of the Tax Collector for delinquent tax foreclosures. In rem foreclosures are managed in home pursuant to NCGS § 105-375.


View Listings


View a map of upcoming foreclosure sales for an accurate look at where present residential or commercial properties are located.


Foreclosure Process


The foreclosure procedure makes use of the mortgage style foreclosure pursuant to NCGS § 105-374 or the in rapid eye movement design foreclosure pursuant to NCGS § 105-375. Both designs of foreclosure are conducted by attorneys. It is within the discretion of the tax office regarding which design of foreclosure will be utilized. To bid on these residential or commercial properties, call the attorney that is appointed the specific residential or commercial properties for which you are interested.


Upset Bids


Successful quotes at auction are open for a 10-day duration to enable the submission of upset bids. Upset quotes are computed and gotten by the Special Proceedings Division of the Clerk of Court for each residential or commercial property. In order to submit an upset bid, the upset bidder should raise the quote by 5% of the last quote or $750.00 (whichever is greater) and need to offer a deposit in the form of cash/certified funds to the Clerk of Court of 5% of the new bid or $750.00 (whichever is greater). Whenever an upset bid is submitted, a brand-new 10-day duration starts. After all upset bid durations are completed, the highest successful bidder is notified and will require to deliver the balance of the purchase cost to complete the sale.


Bankruptcy


Bankruptcy proceedings submitted by the residential or commercial property owner under federal law can likewise halt tax foreclosure actions. All the taxes, interest, costs, and expenses to the date of the insolvency filing should be paid as a top priority or protected claim in the insolvency proceeding.


Tax Foreclosure Bidder Advisory


All tax foreclosure sales will be devoid of collusion, quote rigging, or any other activity developed to suppress the last rate of the auction. Free and open competition must exist in bidding at all times. Private individuals and/or companies taking part in the bidding procedure must do so separately.


When competitors collude, or take part in bid rigging, they undergo prosecution by the Antitrust Division of the United States Department of Justice, and/or local prosecution. The relevant North Carolina statute is G.S. 75-1, the Unfair Trade Practice Act (UTPA). This can be enforced by people, by the NC Attorney General or by the local District Attorney. Civil and criminal penalties may be assessed for violations; criminal violations are felonies.


What occurs as soon as a lawyer is designated?


The lawyer begins a title search to figure out all residential or commercial property owners, mortgage holders, judgment and lien holders, and other celebrations having an interest in the residential or commercial property. If no resolution is reached and a mortgage design foreclosure is started, a tax foreclosure suit is submitted with the Mecklenburg County Courts. The summons and complaint will be served on each defendant and each celebration has one month to react from the date the documents were served. If an in-rem foreclosure is started, interested celebrations will be notified of the tax workplace's intent to docket a judgment. This notification will be made by licensed mail, or by publishing the residential or commercial property, or publication, or any other technique as provided by law. After notice is sent of the intent to docket a judgment, if the delinquent taxes are not fixed, the tax workplace will continue with foreclosure as provided by NCGS § 105-374 or 105-375.


What is the legal result of a tax foreclosure filing?


All parties that have a legal interest in the residential or commercial property will be notified to the degree offered by law that their interest in the residential or commercial property will be ended if a tax foreclosure sale of the residential or commercial property is finished. When a tax foreclosure sale is validated, the ownership of the residential or commercial property is moved from the overdue taxpayer to a brand-new owner pursuant to judgment of the Court. The brand-new owner is accountable for all future taxes.


When and where are tax sales carried out?


Sales are set up on a case-by-case basis. Notices of sale are released in the Mecklenburg Times paper as soon as a week for two weeks and published at the Mecklenburg County Courthouse for at least 20 days.

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