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New Orleans to hold its first online tax sale
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by René | November 25, 2007 at 01:40 pm
10791 views | 1 Recommendation | 15 comments
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Update: Next NOLA tax sale Dec. 12. Still a lot left.
Get ready for the next round.
2,500 properties go on block MondaySaturday, November 24, 2007
By Gordon Russell
New Orleans officials announced they will hold the city's first online tax sale Monday at 8 a.m. The sale is scheduled to wrap up Wednesday at 8 p.m. unless the roughly 2,500 properties on the list are sold before that.
Tax sales are used as a means for public entities in Louisiana to collect property taxes that are deemed delinquent. To purchase a property at a tax sale, a buyer must pay all delinquent taxes, plus penalties and interest.
Officials in Mayor Ray Nagin's administration said the city is only selling properties that have tax delinquencies dating to 2005 or earlier. In other words, properties that did not have outstanding taxes at the time of Hurricane Katrina will not be sold.
Those who wish to participate in the online auction must register first at http://www.neworleanstaxsale.com. Visitors to that Web site may search the database for tax-delinquent properties immediately.
A tax sale resembles an auction, but there is no bidding as such. The first person who indicates they'll pay the taxes, penalties and interest on a particular property is the winning bidder.
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Recommendations (1)
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Most RecentMost Recommended Comments (15)
at 14:00 on November 25th, 2007
Only pre-Katrina tax delinquent properties to be sold!
at 07:04 on November 26th, 2007
How do you find properties???!!!
at 07:04 on November 26th, 2007
How do you find properties???!!!
at 07:49 on November 26th, 2007
Just go to website
http://www.neworleanstaxsale.com/
takes a while to load.
a map comes up with flags for each property, click on the flags and info panel about the property comes up, you can click on the "More Info" on the panel and more will come.
there doesn't seem to be any pictures.
so you need to be local to go see them, or be able to pull up a satellite picture to zoom in.
at 07:48 on November 26th, 2007
More info on the process, owners and purchasers rights can be found at this site:
http://www.neworleanstaxsale.com/About.aspx
It does take a while to load.
Also includes advice about getting legal advice and other places for info.
at 15:27 on November 26th, 2007
None of those pictures are listed as for sale, at least by the submitters, That's why I said you have to be here or pull up a satellite map that can zoom in to a specific address if you want to see them.
The good ones will probably go fast. if you want me to go take a picture and post it, I need gas and the toll fee for the bridge.
at 16:06 on November 26th, 2007
It sounds like a good reason to visit New Orleans. I wish my trip several weeks ago would have coincided with this property sale. It would be so cool to own some property in New Orleans.
at 21:25 on November 26th, 2007
You guys are dreamin'! Most of those houses you posted are not abandoned and probably not delinquent.
And the ones with the most damage from Katrina are probably not in this sale. the one I made default is probably what most really delinquent properties really look like.
This is a very humid climate, brutal in the summer, termites quickly make short work of houses not kept up and they deteriorate much faster than in other areas. Even pre-Katrina, renovations cost more than the original price paid years ago.
at 06:43 on November 27th, 2007
You CAN zoom in the Map on the site. Kinda. And after looking at many of the pages of listings, I can see that many are in areas that were flooded. A lot of these places were gutted, but you take your chances.
at 07:16 on November 27th, 2007
Maybe the price of the land would make it a good investment. Since they put in the gates, has the real estate market not been picking up?
at 14:29 on November 27th, 2007
What gates? Not in real estate business.
BUT I am handling an apartment for rent near Audubon Park for my niece who is in the Cayman Islands, working for the Cayman Oberver. It is for rent not for sale.
at 15:29 on November 27th, 2007
Sales have been brisk. 1200 in the first few hours. Some users had computer and browser problems. Others who came to the office for the sale were provided with computer access to make purchases in the sale.
Vendor response from BayouBuzz
at 15:47 on November 29th, 2007
Next NOLA tax sale Dec. 12. Still a lot left.
at 08:36 on December 9th, 2007
More than two years after Katrina, many people are still living in trailers parked outside their homes.
at 15:48 on December 9th, 2007
Get ready for the next round. Update: Next NOLA tax sale Dec. 12. Still a lot left.