The St. Tammany Parish 2016 online adjudicated auction announced last May, has resulted in the placement of 26 properties back into commerce and on the tax rolls, and an estimated $300,000 in gross profit for St. Tammany Parish Government from 21 of those 26 property sales. St. Tammany Parish Government will realize additional profits following the closings of the remaining five property sales.
“In addition to fighting blight, reclaiming tax dollars, and offering the opportunity to residents to own property in St. Tammany, this auction process is an instrument to improve our quality of life both aesthetically and fiscally,” said Pat Brister, St. Tammany Parish President. “As abandoned or neglected property is reclaimed or sold to a different owner, there is a high chance it will be improved in some way. These are not just personal investments for the new owners, they are investments into our community and will continue to make St. Tammany the vibrant and thriving place we call home.”
Interested buyers can visit www.civicsource.com to view a map, a list, or a street view of the inventory of 335 adjudicated properties currently available, and register to participate in the auction. An additional 140 properties are set to be released on December 16, 2016 and properties are added on-average, once a month. Registered users then nominate properties that will initiate the process through a $750 deposit and place the nominated property into an active auction. With CivicSource as the auction facilitator, the final sale price of each property includes a clear title, title insurance, and closing fees. The initial $750 deposit will go toward the sale price of the winning bid. Complete details about the online auction process are available at www.civicsource.com/help, or interested buyers can call (888) 387-8033, Monday-Friday from 8a.m.-5p.m. to speak with a help representative from CivicSource and have their questions answered.