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All sales are conducted by RKS Law practice on the front actions of the Hoke County Courthouse at 304 North Main Street, Raeford North Carolina.

The Tax Department takes tax foreclosures really seriously. Before proceeding with any legal action, notice is offered to the taxpayer by phone, letters, notices, and so on. The Tax Department just forecloses if there is no action from the taxpayer after action is taken or if the taxpayer does not follow through with an agreed-upon payment plan made with the Tax Department. A can start at any date after January 5th of the present year that is being gathered.

Tax foreclosure sales might be processed by one of 2 procedures:

1. In-Rem Foreclosures: The Tax Department and the Hoke County Sheriff's Office will deal with all elements of the foreclosure procedures. More specified details on this design of foreclosure can be found by reviewing the basic statute (G.S. § 105-375) 2. Mortgage Style: The County will refer the account to an outside lawyer who will deal with all aspects of the foreclosure earnings. The tax liens on real residential or commercial property in North Carolina are subject to foreclosure in a way similar to bank foreclosures. More specified information on this design of foreclosure can be discovered by examining the general statute (G.S. § 105-374). Other practical info relating to Tax Foreclosures

ALL SALES ARE FINAL. BUYER BEWARE. WE OFFER THE PROPERTIES ON A 'WHERE IS' AND 'AS IS' BASIS. THE COUNTY MAKES NO REPRESENTATION OF WARRANTY, EXPRESS OR IMPLIED. IT IS THE BUYER'S RESPONSIBILITY TO INVESTIGATE THE RESIDENTIAL OR COMMERCIAL PROPERTY PRIOR TO BIDDING.

Anyone thinking about purchasing residential or commercial property at a tax foreclosure sale should be conscious that there is a threat. The County does not ensure or offer any guarantee. Pursuant to state law, when bidding at a public sale, bidders end up being personally responsible and accountable for their bids. It is up to the bidder to know exactly what they are bidding on. The County will not overturn a sale and refund the purchase cost or deposit due to the fact that a bidder did not understand what they were bidding on.
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If a bidder fails to follow through with their winning quote, the bidder will surrender the deposit and the residential or commercial property will be resold. If the next bid is less than the original winning quote, a default judgment will be gotten in against the defaulting bidder for the loss. At the discretion of the Sheriff, defaulting bidders may be barred from making subsequent bids at any foreclosure sale performed by Hoke County.

Notice of Sale: All sales will be marketed in a paper that meets the requirements of general circulation as required, prior to the sale date. Additional details might be published to the County's website to help with marketing the sale and opening quote.
Location on Sale: Foreclosure sales will be handled by a public auction on the front steps of the county court house scheduled at the discretion of the assigned commissioner conducting the sale. Sales will be made to the last and greatest bidder and each residential or commercial property will be offered "as is" and without warranty. Each sale might go through even more impressive taxes and any regional enhancement evaluations against the residential or commercial property not consisted of in the judgment.
Bidding on an auction residential or commercial property: You can bid on any residential or commercial property by attending the sale on the court house steps the day the sale is to happen. The rate for each residential or commercial property has an Estimated Opening Bid set prior to the date of the sale. This is the approximate amount required for the opening quote. The person conducting the sale will announce the real opening bid for each residential or commercial property at the time of sale. A deposit of five percent (5%) or $750.00 whichever is greater and the balance of the cost quote must be paid at the end of the ten-day period and verification of the sale. Funds need to be accredited funds made payable to the appropriate entity that dealt with the auctioned residential or commercial property. The Attorney or the Sheriff's office may, at its discretion, identify and allow a sensible time within which to provide the effective bid amount, but under no situations will the time be reached the day following the sale. Bids are exposed for upset bids 10 days after the sale date. You will be informed that an upset quote has actually been gotten. At that time you will have the alternative to position a higher bid. Any upset quotes must be made in person at the Hoke County Clerk of Superior Court.
Upset Bid process: An individual thinking about making an increased bid must go to the Office of the Clerk of Superior Court at the Hoke County Courthouse. The increased quote should go beyond the existing bid by 5 percent (5%) or $750.00 whichever is higher. To make an increased quote a deposit of 5 percent (5%) of the amount of the brand-new high quote, or a minimum of $750.00, must be delivered to the Clerk of Superior Court by cash or certified check or cashier's check acceptable to the Clerk.
Final Bid Process: After the time for sending an upset quote has ended, G.S. 1-339.67 offers an order of confirmation to be gotten in. No sale might be consummated until validated by the Clerk of Superior Court. The final bidder will be called and plans will be made for complete payment, which will be due in the kind of a certified funds made payable to the proper entity that dealt with the auctioned residential or commercial property. Bids accepted at auction and disturbed throughout the ten (10) day duration must be paid in complete within 10 (10) days after the upset bid deadline.
Deed Preparation: Buyer must contact the entity that performed the sale.
How to stop the process: State law supplies that any owner, mortgage holder, or defendant in a filed tax foreclosure case can stop the foreclosure procedure at any time by redeeming the residential or commercial property. The redemption cost amounts to the taxes, interest charges, and expenses of the foreclosure proceeding to the date of the redemption. If payment is made after the tax sale, however prior to the confirmation of the sale, that is, within ten days of the sale or any resale, the judgment will be satisfied and the procedures stopped.
ALL PROPERTIES ARE SOLD IN "AS IS" CONDITION. INTERESTED PARTIES ARE ENCOURAGED TO RESEARCH ALL PROPERTIES THOROUGHLY PRIOR TO SALE AND BEFORE BIDDING ON A RESIDENTIAL OR COMMERCIAL PROPERTY.