Tax Foreclosure Sales download foreclosures
Tax foreclosure sales are held on the average of 3-4 times per year. An advertisement runs in the Asheboro Courier-Tribune, Sunday edition for two consecutive Sundays prior to the sale date. This ad will give the following information: the name of the township in which the property is located, the listing taxpayer, the years in which the judgment covers, the parcel identification number (PIN), a deed description of the property, the place and time of the auction and the amount the bidding will start at (this amount includes: tax amounts under judgment (additional taxes may be owed over this amount), advertising fees, and sheriff’s fees).
It is important to note that the deed description of the property
contained in this ad may or may not be the exact description of
what is actually being sold. The property to be sold is that
property contained in the deed description SAVE AND EXCEPT ANY CONVEYANCES
OF RECORD. In other words, the deed description may include
portions of land that have been sold off by the current owner, portions
that are NOT subject to the sale.
IT IS YOUR RESPONSIBILITY TO RESEARCH AND OBTAIN INFORMATION REGARDING THE PROPERTY, PRIOR TO THE SALE!!
The PIN number contained in the advertisement can be used to access a tax map of the property, along with the parcel information. This can be done in the Public Access Room of the Randolph County Tax Department. While this will not provide complete information concerning this property, it is a good place to start.
DO NOT BID ON PROPERTY UNLESS YOU ARE PREPARED TO PURCHASE IT. North Carolina law allows Randolph County to pursue certain legal actions against a defaulting high bidder, including the recovery of the difference between his bid and the eventual sales price and any costs of required resales.
The Auction Sale Process:
- The Sheriff will open the bidding at the advertised amount.
- When the highest bidder is determined, he must then go to the Clerk of Superior Court and fill out some paperwork: name, address, social security number, etc.
- The entire amount of the bid (CASH OR CERTIFIED BANK CHECK) is due in the Clerk of Court’s Office no later than 4:00 p.m. on the day of the sale.
- The sale is held open for upset bids for 10 calendar days, should that day fall on a Sunday or a Holiday, the following day at 5:00 will be the closing time of the sale.
- Upset bids--anyone may upset the highest bidder in the 10-day waiting period. To upset a bid, you must bid the original highest bid amount plus a minimum of 5% but not less than $750.00, and pay the entire amount at the same time (cash or certified bank check).
- Confirmation of sale is filed when no upset bid or no further upset bid is filed within 10 days of prior report of sale or upset bid. Full payment (NO PERSONAL CHECKS) is due to the Randolph County Sheriff within 5 business days of the closing bid.
- If you were the highest bidder, you may pick up your Sheriff’s
Deed at the Sheriff’s Office, 727 McDowell Road, Asheboro anytime
after the 10 days has expired. You may call Jo Ann White 336.318.6507
or Lt. Jerry Brower 336.318.6684 for information regarding the
time and pick-up of your Deed. Payment of all taxes accrued
after the Judgment filing is due to the Randolph County Tax Department
(NO PERSONAL CHECKS) BEFORE you can pick up your deed. Recording
of the deed (and any fees associated therewith) is the responsibility
of the purchaser.