All sales are performed by RKS Law practice on the front actions of the Hoke County Courthouse at 304 North Main Street, Raeford North Carolina.
The Tax Department takes tax foreclosures very seriously. Before proceeding with any legal action, notice is provided to the taxpayer by phone, letters, notices, etc. The Tax Department only forecloses if there is no reaction from the taxpayer after action is taken or if the taxpayer does not follow through with an agreed-upon payment plan made with the Tax Department. A tax foreclosure can begin at any date after January 5th of the present year that is being gathered.
Tax foreclosure sales might be processed by one of 2 treatments:
1. In-Rem Foreclosures: The Tax Department and the Hoke County Sheriff's Office will deal with all aspects of the foreclosure proceedings. More defined info on this style of foreclosure can be found by examining the basic statute (G.S. § 105-375) 2. Mortgage Style: The County will refer the account to an outdoors lawyer who will handle all aspects of the foreclosure earnings. The tax liens on genuine residential or commercial property in North Carolina go through foreclosure in a way similar to bank foreclosures. More defined information on this style of foreclosure can be found by examining the basic statute (G.S. § 105-374).
Other handy information regarding Tax Foreclosures
ALL SALES ARE FINAL. BUYER BEWARE. WE PROVIDE THE PROPERTIES ON A 'WHERE IS' AND 'AS IS' BASIS. THE COUNTY MAKES NO REPRESENTATION OF WARRANTY, EXPRESS OR IMPLIED. IT IS THE BUYER'S RESPONSIBILITY TO INVESTIGATE THE RESIDENTIAL OR COMMERCIAL PROPERTY PRIOR TO BIDDING.
Anyone thinking about purchasing residential or commercial property at a tax foreclosure sale must know that there is a threat. The County does not ensure or provide any service warranty. Pursuant to state law, when bidding at a public sale, bidders become personally accountable and responsible for their bids. It depends on the bidder to understand precisely what they are bidding on. The County will not overturn a sale and refund the purchase rate or deposit since a bidder did not know what they were bidding on.
If a bidder stops working to follow through with their winning quote, the bidder will forfeit the deposit and the residential or commercial property will be resold. If the next quote is less than the initial winning bid, a default judgment will be gone into against the defaulting bidder for the loss. At the discretion of the Sheriff, defaulting bidders might be disallowed from making subsequent bids at any foreclosure sale performed by Hoke County.
Notice of Sale: All sales will be advertised in a paper that meets the requirements of basic flow as required, prior to the sale date. Additional info may be posted to the County's site to assist with promoting the sale and opening bid.
Location on Sale: Foreclosure sales will be managed by a public auction on the front steps of the county courthouse arranged at the discretion of the designated commissioner conducting the sale. Sales will be made to the last and greatest bidder and each residential or commercial property will be sold "as is" and without guarantee. Each sale might undergo further impressive taxes and any local enhancement assessments versus the residential or commercial property not included in the judgment.
Bidding on an auction residential or commercial property: You can bid on any residential or commercial property by attending the sale on the courthouse steps the day the sale is to happen. The cost for each residential or commercial property has an Approximated Opening Bid set prior to the date of the sale. This is the approximate amount needed for the opening quote. The person carrying out the sale will reveal the actual opening quote for each residential or commercial property at the time of sale. A deposit of 5 percent (5%) or $750.00 whichever is higher and the balance of the rate bid need to be paid at the end of the ten-day duration and verification of the sale. Funds should be certified funds made payable to the proper entity that dealt with the auctioned residential or commercial property. The Attorney or the Sheriff's office may, at its discretion, determine and permit a reasonable time within which to deliver the successful bid quantity, however under no circumstances will the time be reached the day following the sale. Bids are left open for upset quotes 10 days after the sale date. You will be alerted that an upset bid has been gotten. At that time you will have the choice to put a higher quote. Any upset bids should be made in person at the Hoke County Clerk of Superior Court.
Upset Bid process: An individual thinking about making an increased bid needs to go to the Office of the Clerk of Superior Court at the Hoke County Courthouse. The increased bid needs to surpass the existing bid by 5 percent (5%) or $750.00 whichever is higher. To make an increased quote a deposit of 5 percent (5%) of the amount of the new high quote, or a minimum of $750.00, should be delivered to the Clerk of Superior Court by cash or certified check or cashier's check satisfying to the Clerk.
Final Bid Process: After the time for sending an upset quote has actually expired, G.S. 1-339.67 attends to an order of confirmation to be gone into. No sale may be consummated till confirmed by the Clerk of Superior Court. The final bidder will be contacted and arrangements will be made for complete payment, which will be due in the form of a certified funds made payable to the proper entity that handled the auctioned residential or commercial property. Bids accepted at auction and disturbed during the 10 (10) day period must be paid completely within ten (10) days after the upset bid due date.
Deed Preparation: Buyer should get in touch with the entity that performed the sale.
How to stop the procedure: State law supplies that any owner, mortgage holder, or offender in a submitted tax foreclosure case can stop the foreclosure procedure at any time by redeeming the residential or commercial property. The redemption rate is equivalent to the taxes, interest charges, and expenses of the foreclosure continuing to the date of the redemption. If payment is made after the tax sale, however prior to the verification of the sale, that is, within ten days of the sale or any resale, the judgment will be pleased and the proceedings halted.
ALL PROPERTIES ARE SOLD IN "AS IS" CONDITION. INTERESTED PARTIES ARE ENCOURAGED TO RESEARCH ALL PROPERTIES THOROUGHLY PRIOR TO SALE AND BEFORE BIDDING ON A RESIDENTIAL OR COMMERCIAL PROPERTY.
