Training Sessions Set For New Online Process By Trustee For Selling Tax-Delinquent Property

Sunday, May 19, 2019

The Hamilton County Trustee’s office will partner with CivicSource on Thursday to hold community information sessions on purchasing tax-delinquent real estate.

 

A noon session will be held at the in the McDaniel Building, 455 N. Highland Park Ave., and a 6:30 p.m.

session will be held at the Mountain City Club,  729 Chestnut St.

 

The events are free and open to the public. Comprehensive training on all aspects of purchasing tax-delinquent property will be covered.

 

For those who cannot attend the in-person sessions, online sessions will also be held on Thursday at noon and 6:30 p.m.

Hamilton County will hold its tax sale auction online at www.CivicSource.com, beginning Monday, June 3, at 8 a.m. and ending Thursday, June 6, at 2 p.m., subject to a sliding close. By hosting the sale online, bidders who would not normally be able to attend the auction in person are still able to participate. Over 150 residential, commercial and vacant properties in Hamilton County will be included in the June auction on CivicSource.com.

 

The tax sale allows investors to purchase the tax title to a property, which grants possession and ownership of the property following the expiration of the redemption period. In order to redeem their property, delinquent owners are statutorily required to pay investors interest. Current interest is 12 percent per annum, which will begin to accrue on the date the purchaser pays the purchase price to the Clerk and continuing until a motion to redeem is filed. The redemptive period for each property varies based on the number of years of delinquency, viewable on each property's detail page at CivicSource.com.

 

The opening bid for a property includes delinquent city and county taxes, accrued interest and penalty charges, court costs and attorney fees, as well as service and title costs. The sale is open to the general public.

 

Additional questions regarding the process can be directed to the Hamilton County Trustee, at (423) 209-7270, or the Chancery Court Clerk & Master's office at (423) 209-6600.

 

Interested parties can sign up to participate in the upcoming tax sale by creating a free account at CivicSource.com/Registration. To RSVP for the upcoming information sessions on purchasing tax-delinquent property, visit events.CivicSource.com.

 


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