November 1st, 2017
East Baton Rouge holds auctions the first Wednesday of each month to sell property seized when the owners did not pay their taxes.
Properties are up for auction on Wednesday, Nov. 1, from 8 a.m. to 8 p.m.
Click here to see a list of available properties.
The city partnered with CivicSource, a New Orleans-based company that allows prospective buyers to place bids online for tax adjudicated properties, many abandoned and blighted.
By law, the government can hold an auction once someone puts down a deposit, typically $850. The city then advertises the sale, puts it on the block and sells it to the highest bidder.
The winning bid covers the price of the title, closing cost and title insurance. The person who pays the deposit gets the money back if he or she doesn’t win the auction.
More information and a list of adjudicated property for sale is available at civicsource.com.
Article originally published here: http://www.theadvocate.com/baton_rouge/news/article_3dee4b62-bf05-11e7-9bf4-5f8acdcd28fc.html