Group items matching

in title, tags, annotations or url

In a live tax lien auction a bidder will lower his bid in one percent increments until everyone else leaves the bid or the investor's interest goes below an acceptable minimum level. In order to determine this, the investor must be clear about how low he/she is willing to go on specific properties. At that point the investor will drop out. Proxy bidding is a form of competitive sale in which bidders enter the minimum interest rate they're willing to accept for each certificate. In Maricopa County Arizona the auction system acts as an electronic agent, submitting bids on behalf of each bidder.

Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions.

Change is in the air! The Daily Local News reports that investigations after the departure of two former administrators prompted the Coatesville, PA area school board to consider banning sale of delinquent property claims at tax deed auctions. At the same time, the publication reports country singer, Dickie Stickhead hopes to slow the rush to celebrate Christmas with his new music video, The Turkey Song, filmed in Kennett. Back in Coatesville, since 2005, the district has sold many of delinquent property tax claims to third parties through deals brokered by Municipal Revenue Services, a private firm. The Local Daily News obtained four years of delinquent property tax claim documents from The Harrisburg Authority, a public body in the state's capital. At a meeting of the school board's finance meeting, board member, Joe Dunn, unexpectedly proposed a motion banning the school district from making such deals in the future. Said Dunn, "For certain tax flow implications from years gone by, and credit risk reasons, the district had a policy … of selling its delinquent taxes. It made sense when you had both interest rate risk and credit risk", he said. "The credit risk came from the fact that you could delay the sale of a tax-delinquent property for years. If you had a good lawyer you could stretch it out eight, nine, 10 years. So there was some credit risk that you could allow the property to decline, then by the time the district or the tax agency was able to collect you would not be able to collect the full value of the tax because the property is deteriorated below the value of the taxes owed."

Five months from now, and after two years delay, Essex County will hold its first tax sale. Homes that have been seized by the government for unpaid back taxes will be sold on Wednesday, April 30, 2014 at 10 am at the Ticonderoga Best Western Resort. The last tax deed auction was held in June 2009. Included as part of the sale will be properties owing taxes since as far back as 2006, and 2007. According to county attorney, Daniel Manning III, County Judge Richard Meyer and auctioneer, Edward Haroff have signed off on the list of properties.

Five months from now, and after two years delay, Essex County will hold its first tax sale. Homes that have been seized by the government for unpaid back taxes will be sold on Wednesday, April 30, 2014 at 10 am at the Ticonderoga Best Western Resort. The last tax deed auction was held in June 2009. Included as part of the sale will be properties owing taxes since as far back as 2006, and 2007. According to county attorney, Daniel Manning III, County Judge Richard Meyer and auctioneer, Edward Haroff have signed off on the list of properties.

Although foreclosures and tax deed sales remain high in Houston, analysts are expecting the new housing market to improve in 2011. Over 19,000 new houses are planned in the metro area for the year.

Some areas of the U.S. take longer than others in terms of conducting sales for tax deeds and foreclosed properties. In Florida, some metro areas take almost two years before getting foreclosures sold.

Foreclosure tax deed sales and low number of housing units sold are threatening the Virginia housing market. Analysts stated that the recovery could stall.