Foreclosure Sale Process Workshop

Similar documents
Tax Deed Sale Process. Lee County Clerk of Courts

Overview of the Tax Deed Process Role of the Tax Collector Role of the Clerk

ADMINISTRATIVE POLICY 11-01

THE TAX SALE PROCESS

MAINE FORECLOSURE LAW * June 19, Presented by: Stephanie A. Williams, Esq.

Flow Chart- Researching Real Estate

FREQUENTLY ASKED QUESTIONS

Tax Sale Information

How to Bid on Sheriff s Sales. Civil District Court

GENERAL QUESTIONS ASKED ABOUT TAX SALE

.:Foreclosure Timeline:.

Delinquent Tax Certificate Sale

Wyandotte County, Kansas Tax Foreclosure Sale Instructions

How to Participate. July 24, 2015

OCCUPANCY/ POSSESSION AT CLOSING. No work can be done on the property by purchaser until possession is given.

2017 TAX SALE GUIDELINES CLAY COUNTY, MISSOURI AUGUST 28, 2017

DELINQUENT TAX SALE CALHOUN COUNTY APPRAISAL DISTRICT CALHOUN COUNTY, TEXAS. December 5, 2017 at 10:00 am Calhoun County Courthouse

Massachusetts Collectors & Treasurers School August 15, Tax Title Assignments Under MGL Ch. 60, Sections 2C & 52.

ST. JOSEPH COUNTY COMMISSIONERS CERTIFICATE SALE WHAT IS A COMMISSIONERS' CERTIFICATE SALE?

SUMMIT COUNTY SHERIFF S SALES

CHAPTER 303 TAX ACQUIRED PROPERTY PROCEDURES ORDINANCE TOWN OF GRAY Adopted March 1, 2011 Effective March 31, 2011

PUBLIC AUCTION IN REM TAX FORECLOSURE ANTONIO S BANQUET AND CONFERENCE CENTER 7708 NIAGARA FALLS BLVD., NIAGARA FALLS, NY

11/5/2015. Kevin Heaney, Crowley Fleck, PLLP. Montana Land Title Association Fall Education Seminar

TRUSTEE S MEMORANDUM OF FORECLOSURE SALE OF REAL PROPERTY OF

All participants and non-participating visitors must be signed in by 9:30am in order to obtain access to the conference room

For legal reasons, we cannot and will not respond to messages asking for more information about a property.

EXHIBIT A. Picture of Sign N/A

PUBLIC AUCTION IN REM TAX FORECLOSURE DATE OF AUCTION: DECEMBER 19, 2017 REGISTRATION 8:00 A.M. AUCTION 9:00 A.M.

Amy J. Wright Buchanan County Treasurer th St Ne PO Box 319 Independence, IA Phone: (319) Fax: (319)

FORECLOSURE SALES. Eagle County Public Trustee Karen Sheaffer

NOTICE TO TAX SALE PURCHASERS OF THE TERMS AND CONDITIONS GOVERNING THE ANNUAL TAX SALE OF JUNE 17, 2019 AND ADJOURNMENTS OR ASSIGNMENTS THEREOF

2017 Gasconade County Collector Delinquent Land Tax Sale

March 20, TO: All MAAO Members FROM: MAAO President Stephen C. Behrenbrinker, CAE, RE: MAAO-DOR Foreclosure Advisory Document

NOTICE TO TAX SALE PURCHASERS OF THE TERMS AND CONDITIONS GOVERNING THE ANNUAL TAX SALE OF JUNE 18, 2018 AND ADJOURNMENTS OR ASSIGNMENTS THEREOF

Real Estate Foreclosure & Loss Mitigation

NOTICE TO TAX SALE PURCHASERS OF THE TERMS AND CONDITIONS GOVERNING THE ANNUAL TAX SALE OF JUNE 18, 2018 AND ADJOURNMENTS OR ASSIGNMENTS THEREOF

Online Only Auction Real Estate Bidding Terms and Conditions

AN ACT RELATING TO REAL ESTATE DEEDS OF TRUST; DESIGNATING PRIORITY AND TIME PERIODS FOR REDEMPTION RIGHTS AFTER JUDICIAL

YAKIMA COUNTY TREASURER S OFFICE REAL PROPERTY TAX FORECLOSURE & TAX TITLE AUCTION INFORMATION

OFFICE OF THE PUBLIC TRUSTEE

Short Sales, Foreclosures, REOs and Auctions: Tools for Success in Today s Market

Frequently Asked Questions about Public Auction of Tax Defaulted Property via the Internet

IN THE COURT OF COMMON PLEAS SUMMIT COUNTY, OHIO

Keenan Auction Company

Managing the Tax Recovery Process: Administrative Practices. May 2, 2017 Red Deer, AB

**** DISCLAIMER ****

Tax Sale Buyer Package

IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON IN AND FOR THE COUNTY OF PIERCE

IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON IN AND FOR THE COUNTY OF PIERCE

2018 LAND AUCTION BOOKLET

NOTICE OF DELINQUENT TAXES AND SALE OF REAL PROPERTY FAIRFAX COUNTY, VIRGINIA

COUNTY LAND REUTILIZATION CORPORATION. Summary of Ohio Statutory Foreclosure Proceedings

Ohio s updated foreclosure laws

TOWNSHIP OF LANARK HIGHLANDS POLICY FOR THE STOPPING UP, CLOSURE AND SALE OF ROADS POLICY STATEMENT

7324 Remley Place. La Jolla, CA 92037

How does the On-Line Tax Sale work

May 2, 2017 at 10:00 a.m. Eastland County Courthouse, 100 W. Main, Eastland, Texas GENERAL INFORMATION REGARDING THE TAX SALE

What To Do When Your Landlord Is In Foreclosure

PROPERTY INFORMATION PACKAGE

IN THE SUPERIOR COURT OF THE STATE OF WASHINGTON IN AND FOR THE COUNTY OF PIERCE

PEGGY VANDENBERG Treasurer of Monroe County 10 Benton Ave E Albia, IA Phone: FAX:

OFFICIAL TERMS AND CONDITIONS OF THE SALE

Tax Sale Tax sales recommended that you seek advice from a lawyer

Monday, August 28, :00 a.m.

Do not trespass or disturb the homeowner or occupant! It is a crime to trespass on the Property. All properties are sold as-is, where-is.

FindPinellasForeclosures Crash Course: Buying Properties at Pinellas County Foreclosure Auctions

Office of the Wayne County Treasurer Terms and Conditions of Sale October 10 October 24, 2018 Tax Foreclosed Property Auction Internet Bidding

COUNTY OF WAYNE REAL PROPERTY AUCTION SALE Lyons High School Auditorium, 10 Clyde Rd., Lyons, NY June 13, 2018 at 6:00 p.m.

CITY OF TORRINGTON TAX COLLECTOR TAX DEED SALE Saturday, June 23, Bidder Information Package and Rules of Sale

So you d like to purchase Municipal Tax-foreclosed properties

Vacant & Distressed Properties Regulations Maryland Municipal City of Baltimore. Urban; Suburban Title: City of Baltimore Special Tax Sale

SEALED BID SALE. *County prefers to sell property for not less than minimum bid, but all offers will be considered.

INFORMATION AND PROCEDURES CLINTON COUNTY TAX SALE. Wednesday, October 11, :00 AM

Escrow Basics. Chapter 6. Learning Objectives

COUNTY OF SACRAMENTO

TAX FORECLOSURE PROCESS JUDITH MILES ASSISTANT PROSECUTING ATTORNEY

DELINQUENT TAX SALE CENTRAL APPRAISAL DISTRICT OF TAYLOR COUNTY TAYLOR COUNTY, TEXAS

COMBINED NOTICE OF SHERIFF S SALE OF REAL PROPERTY AND RIGHT TO CURE AND REDEEM #

Cass County Delinquent Tax Certificate Sale

Sheriff Sale info from the Ohio Revised Code

2017 City Of Kingston Public Auction Conducted By George Cole Auctions & Realty

Client Alert. A Pennsylvania Commercial Lender s Guide to Collecting Debts in New Jersey

CITY OF ELK GROVE CITY COUNCIL STAFF REPORT

JULIE DAUGHERTY P. O. Box 217 Indianola, IA Phone 515/ Fax 515/

What is a county tax sale? A Tax Sale is a public auction of tax deeds used to recover delinquent real property taxes.

PUBLIC AUCTION. 23 City-Owned Properties On The Auction Block: Wednesday, Sept. 27 at 6 PM. Springfield City Hall 36 Court St - 2nd Floor, Room 220

EASTLAND COUNTY IN TRUST SALE LIST

DELINQUENT TAX SALE MCCULLOCH COUNTY APPRAISAL DISTRICT MCCULLOCH COUNTY, TEXAS

Glenn County Online Tax Sale Auction Bidding Starts March 8:00 AM (PT) Auction ID APN Legal Description MinimumBid

Buyer s Initials Seller s Initials DRAFT G. SHORT SALE APPROVAL CONTINGENCY

NORTH CAROLINA POWER OF SALE FORECLOSURE ABSTRACT - LONG FORM

FILED: KINGS COUNTY CLERK 12/07/ :02 PM INDEX NO /2017 NYSCEF DOC. NO. 68 RECEIVED NYSCEF: 12/07/2017

NOTICE TO TAX SALE PURCHASERS OF THE TERMS AND CONDITIONS GOVERNING TAX SALES AND ASSIGNMENTS FOR THE TAX SALE HELD ON JUNE 19th 2017 at 10:00 AM

So you d like to purchase Municipal Tax-foreclosed properties

WHEREAS, the Property is vacant and the size and zone are as follows: Block 175, Lot 45; size: approximately 12,075 square feet; R-15 Zone

(1) "Lessor" means an owner, lessor, sublessor, or managing agent of a self-service storage facility.

Landlord/Tenants Law For Public Librarians

ADMINISTRATIVE ORDER NO IN RE: COURT POLICIES CONCERNING PROTESTS AND DEMONSTRATIONS

Tax Title Foreclosure Overview Presenters Jeffery D. Ugino, Esq. Olga Bagnel, Esq. July 9, 2015

CIVIL CASES COUNTY COURT

Transcription:

Foreclosure Sale Process Workshop Presented by Lee County Clerk of Courts Questions and Answers courtesy of Managing Attorney Gregory W. Goetz, Esq. at Goetz & Goetz law firm.

Agenda Clerk of Courts Risks & Disclaimers Process Flow Preparation for Sale Redemption & Cancellation Auction Listings Research & Bid After the Sale Questions

Question & Answer Courtesy of: Gregory W. Goetz, Esq. Managing Attorney at Goetz & Goetz

Scope of this Presentation Provide overview of the foreclosure sale process Identify requirements of participation Explain how to participate

Scope of this Presentation Exceptions and variations can exist at every step of this process. This presentation covers the general, normal flow of the process. A foreclosure case may have or be affected by situations not covered by this presentation.

Disclaimer Employees of the Clerk are not authorized to give legal advice. This presentation is an overview and discussion of the process not legal or investment advice.

Identifying Risk Purchasing foreclosure property is not a risk free investment. Buyers should become familiar with the process, learn how to identify risks involved, and assess their own risk tolerance.

Process Flow Case Initiated Final Judgment is granted Sale is Set Service: to Defendants Hearing is Held Foreclosure Auction Held

Preparation for Sale Clerk receives Final Judgment and Notice of Sale Sale information is entered on both documents Sale date is selected on Auction Calendar Final Judgment and Notice of Sale are verified for accuracy Notice of Sale is sent to Paper If no paper is designated it will be sent to the paper of the month.

Sale Cancelled The foreclosure sale may be cancelled by: Order setting Aside Sale Bankruptcy Redemption Conditions of Sale are not met

Redemption Redemption payment can be accepted up until the time of sale. The clerk is not responsible for calculating the payoff. We must collect the amount of the final judgment at minimum. The redeemer should contact the plaintiff for a current payoff prior to submitting payment to the clerk of courts.

Documents and Sale Info Two Sites for Foreclosure Information: Clerk s website www.leeclerk.org Information about the process and office Links to other sites Realauction www.lee.realforeclose.com Auction calendar Bidder account login Manage bidder & deed information Place bids Make payment

Clerk s Website

Register as a Bidder

Name on Title

Name on Title This information will be used for the owner name on any Certificate of Title purchased at auction

Auction Calendar

Auction Calendar

Research Case detail provided on the auction site is for informational purposes : To identify the property being sold, Judgment amounts, and To identify the parties having an interest in the property. Prospective buyers should conduct further research to ensure they are aware of liens, defects in title, or other issues that may affect the title.

Research Some tools for research are: Real estate professional Property Appraiser s Website www.leepa.org Clerk of Courts www.leeclerk.org Official Records Liens Ownership transfers Related records Court Records

Research: Official Records

Research: Court Records

Bidding To place a bid on a foreclosure auction: Register as a user on auction site Deposit funds into bidder account View auction listings Research property Place proxy bid

Bid: Make Deposit Deposit must be received no later than 4:00 PM the day before the auction date. Each bid requires 5% deposit

Bid: Auction Calendar

Place Bid

Name on Title 12 CA 054152

Bidding Notes If not the winning bidder, deposit can be used on another case or refunded upon request. If winning bidder, make full payment by 4:00 PM on the day after sale. If final payment not received in time, bid is cancelled, a No Sale is issued and deposit is forfeited.

After the Sale If no objection, appeal or bankruptcy is filed within 10 days after the sale, the Certificate of Title is recorded and mailed to the purchaser at the address selected on title, marking the end of the foreclosure sale process. Clerk cannot provide assistance with post sale concerns like taking possession of property, etc.

After the Sale Amount of winning bid that exceeds Final Judgment amount and fees is considered surplus, to be disbursed by Clerk. Funds are placed in the Court Registry and held until the clerk receives a Court Order to Disburse funds: 1. Judgment Holder 2. Mortgage holders/lienholders 3. Previous owner/beneficiary/heir 4. State of Florida Department of Financial Services Unclaimed Property Division

Examples of Some Challenges Additional liens Bankruptcy Overturned by court Simultaneous tax deed process or other legal action Tenants inhabiting property

Resources Foreclosure Sale Rules, Official Records, Court Records, and Contact Information:

Resources Foreclosure Sales Rules, Official Records, Court Records, and Contact Information: www.leeclerk.org Auction website: www.lee.realforeclose.com Property Appraiser: www.leepa.org Unclaimed Funds: www.fltreasurehunt.org

Question & Answer Courtesy of: Gregory W. Goetz, Esq. Managing Attorney at Goetz & Goetz