INDUSTRY NEWS: TAX SALES

Councilwoman to hold informational sessions on how to buy blighted, abandoned, or tax-foreclosed pro

Thursday, January 17, 2019   (0 Comments)
Posted by: Carly Cahur
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EAST BATON ROUGE PARISH, LA (WAFB) - Councilwoman Chauna Banks is hosting information sessions on how to acquire property in East Baton Rouge Parish.

The free information sessions are open to the public and will include details about getting title insurance and paying outstanding taxes on adjudicated properties.

The first session will be held Tuesday, Jan. 15 at 5:30 p.m. at the Scotlandville Branch Library, located at 7373 Scenic Hwy. in Baton Rouge.

Banks hopes to bring new life to blighted and/or abandoned properties that have foreclosed on. At the sessions, agency representatives will talk about five unconventional ways to acquire these types of properties. Both residential and commercial investors are welcome to come learn how to buy tax-delinquent properties.

The following agencies will present at the sessions:

East Baton Rouge Parish Sheriff’s Office “sheriff sale,” a public auction of property repossessed to satisfy an unpaid obligation.

Parish Attorney’s Office, which handles the sale of adjudicated properties through public bids and donations.

Civic Source, a company partnered with the city-parish to offer an online process for the sale of adjudicated property in excess of five years

Mow to Own Program, which allows certain parties to avoid the public bidding and receive a preference in making an offer to purchase adjudicated properties in excess of three years

East Baton Rouge Redevelopment Authority has the ability to acquire and quickly clear title to tax sale and adjudicated properties

For more details on the event, call the District 2 Office at 225-389-8331 or email cbanks@brla.gov.

Read the original article here


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