October 26th, 2016
ST. BERNARD PARISH GOVERNMENT & CIVICSOURCE TO HOLD EDUCATIONAL SEMINAR ON INVESTING IN TAX ADJUDICATED REAL ESTATE
Online auctions provide winning bidders with full ownership of each property including title insurance
On Tuesday, November 1st at 6:00 p.m., St. Bernard Parish Government will partner with CivicSource to hold an educational seminar on purchasing tax adjudicated real estate. The seminar will be held in the St. Bernard Parish Council Chambers located at 8201 W. Judge Perez Drive in Chalmette, LA. The event is free and open to the public. Interested citizens will learn how to purchase tax adjudicated real estate with title insurance at an average starting price of $5,000.
St. Bernard Parish is taking the necessary steps to sell adjudicated properties through a new online auction process. The properties are those that previously went unsold in a tax sale, and as a result, became adjudicated to the parish. St. Bernard Parish is collaborating with CivicSource to auction the tax delinquent properties. The sales will place these properties back on the tax rolls, return them to commerce and generate significant, recurring annual tax revenues to the parish.
“We appreciate the partnership with CivicSource to help spur new development and strengthen neighborhoods across our parish,” said Guy McInnis, St. Bernard Parish President.”
There is a complete listing of qualified adjudicated properties on CivicSource.com where investors nominate properties for auction through a sale initiating deposit of $850. The online auction replaces the traditional adjudication sale held at the Courthouse where participants were required to be present during the auction process. By hosting the sale online, bidders who would not normally be able to attend the auction in person are still able to participate from their homes or places of business.
CivicSource has already proven successful in other communities across the state. Since launching last year, the auctions have collected nearly $20 million in unbudgeted revenue through the sale of over 1,000 properties. If you would like to attend the educational seminar for St. Bernard Parish tax adjudicated real estate, email your RSVP to RSVP@CivicSource.com.