Saturday, September 14, 2013

Palladium-Item Reports Buyers Shop Tax Sale in Union County

From the Richmond Palladium-Item:

The number of properties sold because of unpaid property taxes in Union County was down substantially at the tax sale Friday.

The county offered just 15 properties for sale because of unpaid property taxes and seven of those properties found buyers, Union County Auditor Gene Sanford said.

An online certificate sale earlier this year included 19 properties and 11 were sold, Treasurer Bonnie Adams said. Seven of the 19 were redeemed by the owners and one was removed from the sale, she said.

Properties that already have been offered at a delinquent tax sale may be offered in a certificate sale and owners have 120 days after the sale to redeem their properties, Adams said.

Buyers at the delinquent tax sale Friday must follow a number of requirements, which includes notification of the purchase, and wait more than a year before they’ll know if they will actually own the property they purchased.

The declining numbers of delinquent properties, including the reduction in private campground lots on the tax sale list, is encouraging, Adams said.

“We feel like we’re making some progress here,” Adams said.