September 17th, 2018
Aspiring investors will get an opportunity this week to learn how to purchase land from the government.
When property owners don’t pay taxes, their land can be seized and put up for auction. In East Baton Rouge, the local government advertises those lots on the website CivicSource.com.
Company representatives will hold a training session Thursday to explain how the public can purchase adjudicated land. The meeting will be at the Bluebonnet Regional Library at 6:30 p.m.
Prospective buyers can view properties that are available for sale and, if interested, can ask for an auction of a particular residential or commercial lot. An $850 deposit is required, and bidding starts at $0 plus closing costs — generally about $3,400.
“Taxing authorities across Louisiana auction these tax-delinquent properties online through CivicSource.com,” the company wrote in a news release “By hosting the sale online, bidders who would normally be unable to attend the auction in person are able to participate from their homes or places of business.”
The company said such sales return blighted, abandoned or tax-foreclosed properties to commerce “while regenerating significant annual tax revenues to the city and parish.”
Original article found here: https://www.theadvocate.com/baton_rouge/news/article_3f5a5cec-b5e6-11e8-bb39-17aa75b22c4c.html