March 28th, 2016
March 22, 2016
By Linda A. Moore of The Commercial Appeal
The second online-only Shelby County real estate property tax sale will be held April 5-7 and this time comes with one significant change.
Under the new format, all sales begin at 8 a.m. April 5, but properties are grouped in four random batches that end at 6 p.m. and 8 p.m. on both April 6 and April 7. The staggered endings give potential buyers the opportunity to bid and make adjustments throughout the sale.
“We anticipate greater participation and bidding in this second online auction,” county Trustee David Lenoir said in a statement.
There are now 427 parcels available for sale, but some properties may be removed if the delinquent taxes are paid.
During the county’s first online tax sale, Jan. 19-21, the number of bidders more than doubled from past sales, Lenoir said.
The trustee’s office will hold a Real Estate Road Show with details on the sale and the land bank process from 2:30-4 p.m. Thursday at the Memphis Area Association of Realtors, 6393 Poplar.
To register for the tax sale go to civicsource.com.