July 5th, 2016
Available Properties in East Baton Rouge Parish; Orleans Parish; Tangipahoa Parish; St. Bernard Parish; Jefferson Davis Parish; St. John the Baptist Parish and Bogalusa
New Orleans, LA (July 5, 2016) – CivicSource will host online auctions for adjudicated properties on Wednesday, July 6, 2016 from 8 a.m. to 8 p.m. at CivicSource.com. Over 100 properties are scheduled to be sold, where winning bidders will receive full ownership of each property with title insurance.
Adjudicated properties are properties that have failed to sell at a previous tax sale. The average starting bid on these properties is $5,000, which includes all closing costs, as well as the cost of title insurance. Title insurance protects the new land or home owners against any defects in the title of the property.
A deposit initiates the research and notification processes on a property, which is required by law prior to the property being scheduled for auction. Any interested party may bid on a property in the auction whether or not they placed the initial deposit on the property. If you are not the winning bidder, you are refunded your full deposit within a few days. There thousands of available properties throughout Louisiana awaiting deposits and research in order to be taken to future auctions.
Interested buyers can visit www.civicsource.com to view a map, a list, or a street view of the auction inventory and register to participate in the auction or place a deposit.
CivicSource is the leading auctioneer of tax-distressed real estate. From tax sales to adjudication auctions, CivicSource digitizes due process compliance to ensure legally valid sales. Founded in 2008, New Orleans based CivicSource has been recognized by Inc. Magazine’s 500|5000 as one of “America’s Fastest Growing Companies” and has been recognized as the one of the Best Places to work in New Orleans for the past five years, receiving the designation “Best Place to Work” in 2014.