Your Ticket to 40-90% Property Discounts – New Hanover County, North Carolina Tax Deed Investing

Are you looking for a safe and secure real estate investment? New Hanover County, North Carolina’s Tax Foreclosure Sale might be the answer. At these auctions, you can acquire properties way below market value through the premium bid method. This means the highest bidder wins. To participate, you must be physically present at the front steps of the New Hanover County District Courthouse.

These auctions offer properties at competitive prices, starting with bids covering delinquent taxes and legal costs. Be ready to place a 5% deposit or $750, whichever is greater, immediately if you win. Remember, successful bids are subject to a ten-day upset bid period, so your winning bid might need reinforcement.

All sales are final, and properties are sold “as-is,” which means doing your homework is crucial. Owners can stop the sale by paying their dues before the sale is confirmed, so stay alert and finalize your bid promptly. Keep updated on upcoming sales by checking the county website.

Important Details

DetailInformation
Tax Sale TypeTax Deed Sale
Typical Date of SaleNo Specific Schedule
Bid ProcedurePremium Bid
Deposit5% of the amount or $750, whichever is greater
Sale ContactTax Department
Auction SiteFront steps of the New Hanover County District Courthouse
County WebsiteNew Hanover County, NC
Tax Deed InfoNew Hanover County Tax Foreclosure Sale Information
Assessor Information230 Government Center Drive, Suite 190, Wilmington, NC 28403. Phone: 910-798-7300
Records Information320 Chestnut Street, Suite 102, Wilmington, NC 28401. Phone: 910-798-4530. Register of Deeds
New Hanover County Courthouse In Wilmington, North Carolina

Pro Tips

  • Do Your Homework: Properties are sold “as-is.” Investigate any potential issues before bidding.
  • Stay Alert: Monitor the ten-day upset bid period closely. Your winning bid may require reinforcement.
  • Be Prepared: Have a certified bank check ready for the deposit and full payment if your bid wins.
  • Check Official Sources: Use the county’s website and contact officials for the most accurate and up-to-date information.

Frequently Asked Questions (FAQs)

Q: What is a tax deed sale?

A: A tax deed sale auctions properties with unpaid taxes. The highest bidder gets the property, typically free of any mortgage but possibly subject to other liens.

Q: How can I find out about upcoming auctions?

A: You can check the New Hanover County Tax Foreclosure Sale Information page for updates on upcoming sales.

Q: What happens if an upset bid is placed after I win?

A: You will receive a notification if someone submits an upset bid within ten days of the sale, allowing you to place a higher bid. The upset bid must exceed your bid by 5% but not less than $750.

Q: How do I pay if I win a bid?

A: Make the deposit and final payment with a certified bank check payable to the auctioneer or the New Hanover County Clerk of Superior Court.

Q: What are my responsibilities after winning a bid?

A: You are responsible for the full payment, recording the deed, and paying any recording fees and current-year taxes. IRS or state tax liens not included in the judgment may also encumber the property.

Need a Hand?

If you have any questions or need further guidance with tax lien investing, feel free to reach out. You can book a call or access free resources for more guidance.

For more detailed information, always refer to the official New Hanover County website or contact their Tax Department directly.

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