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INFORMATION OUTLINE FOR RANDOLPH COUNTY TAX FORECLOSURE SALES

When considering whether to bid in a property in a tax foreclosure sale, 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 or via the Internet at www.co.randolph.nc.us  (Click on Department, Scroll down to the Tax section, Choose the Foreclosure Sales option in the second column and follow further instructions). 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:

  1. The Sheriff will open the bidding.
     
  2. Bidders are required to pre-register, presenting picture identification.
     
  3. Bidders and upset bidders BE AWARE: If you are attending the sale to bid on behalf of another individual, you must present a signed and notarized Power of Attorney indicating your authorization to do so before the sale begins. The representative must also present picture identification. The grantor of the Power of Attorney shall then be considered the bidder and shall be held to the same standards as though he were present and bidding in person. In the event that the high bid is presented by said representative, the deed will be issued in the name of the grantor(s) of the Power of Attorney. If you are bidding on behalf of a corporate entity, you must present a copy of the corporate papers giving you authority to do so. If you are bidding on behalf of a trust, you must present a copy of the Certificate of Trust giving you authority to bid on behalf of the trust.
     
  4. When the highest bidder is determined, the bidder must then go to the Clerk of Superior Court with the Officer who held the sale and fill out some paperwork: name, address, social security number, etc.
     
  5. The entire amount of the bid (CASH OR CERTIFIED BANK CHECK) in the Clerk of Court’s Office no later than 4:00 p.m. on the day of the sale.
     
  6. 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 p.m. will be the closing time of the sale.
     
  7. 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).
     
  8. 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.
     
  9. If you were the highest bidder, you may pick up your Sheriff’s Deed at the Sheriff’s Office, 727 McDowell Road, Asheboro any time after the 10 days has expired. You may call Jo Ann White (336) 318-6507 or Cpt. 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.


 

Please click to see a list of sale properties: Tax Foreclosure Sale.