New Orleans to auction off 3,000 tax-adjudicated properties
NEW ORLEANS - In an effort to tackle blight and spur development, city officials say they will put about 3,000 tax-adjudicated properties up for sale this summer in online auctions.
This will be the first time the city is selling properties where the owners have not paid property taxes through online auctions. Winning bidders will gain full ownership of the properties, complete with guaranteed title insurance.
The city has not set a final date for the auction, but the properties for sale will be listed online March 6. The properties will be listed at http://www.CivicSource.com.
The city has not sold off adjudicated property in many years, according to city officials.
Image: thepipe26 (Flickr: new orleans skyline) [CC BY 2.0], via Wikimedia Commons