NOTE TO BIDDERS TRACKING UPSET BIDS
Due to the statewide order issued by the North Carolina Supreme Court, any foreclosure bid that was OPEN as of March 16, 2020 will remain open for bidding until the Courts reopen. The last day to place an upset bid on any currently open foreclosure sale will be June 1, 2020.
Courthouses are closed at this time for other than essential business, so although it may be impossible to submit an upset bid on property for the next few weeks, the Courts will allow such upsets to be filed on June 1 2020-Updated 3/27/2020; Revised 4/9/2020
About Foreclosure Listings
Look over our foreclosure listings if you are interested in investing.
A tax foreclosure property will be sold by the municipal or county government to raise money to cover delinquent taxes. In North Carolina, liens can be placed on properties for unpaid income taxes, just like the IRS can impose a lien for unpaid federal taxes. At The Kania Law Firm, we represent county and municipal governments to collect delinquent taxes by selling foreclosure listings at auctions to interested buyers.
We maintain a current list of foreclosure listings in North Carolina, and we welcome you to look over these listings for any properties that interest you. If you decide to bid on a property, the bidding process generally takes place on the steps of the County Courthouse or another location. State law is designed to gain as much as possible from the foreclosed property, but most of these properties sell for much lower than market value.
As you look at foreclosure listings, please note that you have no legal right to physically enter the property. However, if the owner is present, they may give you permission to inspect the premises before you place your bid at auction. If you are the winner of the auction, you also have the legal right to sell the property immediately, unless an IRS lien is present.
Website Tutorial: Searching Foreclosure Listings
Contact us at The Kania Law Firm if you would like additional information about the foreclosure listings our firm is currently representing. We ensure you will receive accurate information and reliable advice, thanks to our seasoned attorneys and commitment to superior client interactions.