Tax Foreclosure Sales download foreclosures
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
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
The Auction Sale Process:
- The Sheriff will open the bidding.
- Bidders are required to pre-register, presenting picture
- 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.
- 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.
- 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.
- 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
- 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 any time after the 10 days has expired. You may call Randolph County Tax Department (336) 318-6500 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.