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Kentwood conducts online tax certificate sale Wednesday

Kentwood conducts online tax certificate sale Wednesday
Posted: Sep 20, 2016
Categories: Front Page, Headlines
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KENTWOOD---On Wednesday, September 21, 2016, the Town of Kentwood, LA will host a Tax Certificate Sale at CivicSource.com. By hosting the sales online, bidders who would not normally be able to attend the auction in person are still able to participate.
 
Currently, over 60 properties are slated to go to sale, ranging in price from $350 to $500. The sales are open to the general public. Free registration and a list of available properties are now available at CivicSource.com.
 
A Tax Certificate Sale is the sale of properties that have delinquent taxes due. The tax certificates for these properties are sold to the public for the amount of the delinquent taxes due, plus any accrued interest, penalties, costs and other statutory impositions. The Tax Certificate Sale is a low-bid wins style auction, in which the property is sold to the purchaser willing to bid on the least percent ownership interest in the property.
 
Winning bidders of the tax sale are expected to pay for their purchases within 72 hours of the close of the auction. Payment must be made in one installment and all sales are final.
 
These auctions and all future tax sales can be viewed at CivicSource.com. Using the convenient search options, bidders can set the parameters for any property that falls within their interests and budget.
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