Monthly online auction for adjudicated properties set for Wednes - FOX 8, WVUE, fox8live.com, weather, app, news, saints

Monthly online auction for adjudicated properties set for Wednesday

New Orleans leaders issue reminder of latest property auction New Orleans leaders issue reminder of latest property auction
NEW ORLEANS, LA (WVUE) -

The City of New Orleans will host its fourth in a series of online monthly auctions for adjudicated properties on Wednesday, Oct. 7, from 8 a.m. to 8 p.m., subject to a rolling close in the case of last-minute competitive bidding. 

The City is scheduled to sell about 100 properties throughout the community, where winning bidders will receive full ownership and title insurance for each property. 

The City also reminds residents that there are over 1,000 properties still available for deposit to begin the research and notification processes before an auction may be scheduled.

A list of these properties, as well as the list of properties in the Oct. 7 auction, is available at CivicSource.com, which is also where the online auctions will take place.

Through three auctions, the adjudicated property auction process has so far brought in more than $12 million for the City of New Orleans and other property tax recipients, such as the Board of Liquidation, Orleans Parish School Board and Sewerage & Water Board. 

According to city leaders, the auctions are also helping to revive economic activity and create a fairer tax system for all New Orleanians.

A property is adjudicated to the City when its property taxes have not been paid – becoming delinquent – and the City is unable sell the property at a tax sale. 

The City will only auction properties where five years have elapsed from the tax sale certificate filing date.

Any interested party may bid on a property in the auction, whether or not they placed the initial deposit on the property (depositors who lose at auction will have their deposit refunded within a few days). 

Questions about delinquent taxes and the adjudicated property sale process should be directed to Department of Finance's Bureau of Treasury by calling toll free 1-888-387-8027.

Copyright 2015 WVUE. All rights reserved.

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