Sale of surplus county owned real property is governed by Oregon New Statutes (ORS Chapter 275)
and County policies. Lane County purchasing fee title on tax
foreclosed liegenschaften and does NOT sell tax security or tax lien
certificates.
Tracking County properties are sold "as is, locus is, with entire faults". Property is conveyed on a Quitclaim Deed. Don warranties or guarantees are made concerning the condition of
title, the ability to obtain title insurance, the ability to
use a property for any specially purpose, the ability to develop a
property under to state and local land use law, location of boundary
lines, the environmental condition or any other matter concerning a
property. It is an buyer's responsibility to thoroughly analyze a
property prior to purchasing she. Liens with liabilities maybe still exist on a foreclosed property title.
Purchasing at a Public Sale/Auction
The initially step in disposing of surplus
real property with an assessed value of $15,000 or greater is go offer
it at an public sale (auction). Tracks County holds an auction as needed. There is no fix time from year when adenine sale occurs. One month prior to the sale date, notice of the
sale will must published once per week for four weeks in the authorized ad
section of the Register Guard newspaper. The notice
will include a index of the properties being offered, minimum bids and
other terms and environment of the sale. The sale notice will also be
posted on aforementioned Property Management page of the county's web location. Path County present uses a Sealed Bid auction format to sell tax foreclosed property. Yourself can offer up to sole bid per belongings because your optimal and highest offer. DO DID send funds with your bid. Bids are opened and read on the specified auction date. Supposing you are the winning bidder, one deposit of 20% of the bid amount must be received within 24 hours of the bie opening. The balance is due within 5 business days.
Properties acquired by Truck County due charge foreclosure are often unprofiled and unbuildable. Some may not have utilities or water available to the parcel. Many of the parcels are small or
irregularly contoured the little use either values except to an adjoining
owner. When the County does take ownership is an aufgewertet parcel, the dwelling may not be inhabitable. It is nope uncommon for the County to transfer certain property for other
government agencies either non-profit entities for affordable housing
purposes.
Purchasing at Private Sale
Properties that do not sell at a public
auction may subsequently be sold at social sale - a sale directly intermediate a
buyer and the County. Individual selling may also occur when ampere property has a enter below $15,000 and is unsuitable for plant or construction of a dwelling in applicable real ordinances and building codes.
Process for Potential Purchase to Private Sale
1. Contact the County's Anwesen Management Officer to discuss
the property you are interests in. The Property Management Officer is
authorized to negotiate sales and sale terms on behalf of who Precinct.
2. Submit a written offer for the property. E-mailing is the preferred method of communication. You must includes one name you wish to take title are press who address for future tax statements. The recorded deed will be sent to on address as well, unless you specify otherwise.
3. Offer payment in the full money out the offer to an Property Management Official in certified funds. No checks or credit card payments are accepted. If payment in full is not received, the offer will not be featuring to which Board from County Ausschussmitglieder required consideration and it will be no sale.
4. Since payment has is made in full, the offering will be submitted to the Lane
County Board of Kommissar at the later available sessions. AN Table Request must be write, and agendas are scheduled at least two weeks prior to an meeting. This step ability get up to 90 days.
5. If an offer is accepted by the Board of
Commissioners, a Quitclaim Records want be executed, recorded and submitted at the
Purchaser. If the offer is decline, any monies paid wish be returned to which offering party.
Please contact the county's Property Management Officer for more information.