Online Property Auction House Site CivicSource Auctioneer Announces Four Upcoming Auctions in Louisiana

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The popularity of using an online property auction house site like CivicSource Auctioneer for tax title sales continues to grow and is evidenced by scheduled auctions on September 14, 15, and 16 for properties in Jeanerette, New Orleans, Patterson, and Loreauville.

More and more investors are becoming aware of the excellent potential of purchasing tax titles at government auctions. With the creation of online venues like CivicSource Auctioneer, it is becoming even more popular because it opens up the auction to investors all across the country.

For investors, it is a low-risk way of diversifying their portfolio. Tax title sales work like this:

> The sheriff’s department provides a list of tax-delinquent properties.
> A website portal is built through the CivicSource Auctioneer site so investors can browse the available properties from any computer with Internet access.
> Investors can register up to 4 weeks prior to the auction. There is no registration fee.
> The investor bids a percentage of interest; the lowest bid wins. The investor pays the delinquent taxes and subsequent taxes during the redemption period.
> The homeowner has a redemption period during which he or she can redeem the property by paying all taxes that were owed during that time plus interest. If the property is not redeemed, the investor takes complete possession of the property.

The next auctions offered on CivicSource Auctioneer are on September 14th, 15th and 16th.

Jeanerette, LA Online Property Auction Details:

> 74 available properties — commercial, mobile homes, and residential lots
> Price ranges $23.02 to $389.90
> All are delinquent tax sales

New Orleans, LA Online Property Auction Details:

> 6,001 available properties — commercial buildings and lots, mobile homes, homes, and residential lots
> Price ranges from $2.40 to $3,247,338.69     
> 5,646 have images for online viewing
> All are delinquent tax sales

Loreauville, LA Online Property Auction Details:

> 1 available property — residential lot
> Price $58.49     
> All are delinquent tax sales

Registration for each auction is open now. There is absolutely no cost to register with CivicSource Auctioneer and partake in the auction. For the winning bidder, all transactions are safe and efficient through electronic sources initiated by CivicSource Auctioneer.

Bidding will occur between 8 A.M. and 8 P.M. on the 14th, 15th, and 16th only. While properties can be saved in a favorite category prior to the sale, there is no early bidding or after hours bidding. All bids are shown live and when a lower bid comes in, email notification is sent out to the previous winning bidder.

These auctions and all future tax title sales can be viewed on the CivicSource.com website. Using the convenient search options, bidders can set the parameters for any property that falls within their interests and budget.

CivicSource Auctioneer is a service of Archon Information Systems based in New Orleans that was developed to help government entities maximize their operational efficiency when it comes to collecting delinquent tax dollars on real estate property.

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Brian Danos
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