All sales are subject to an upset bid period

 

None

 

On the day of the Sale please arrive early. There will be a short registration process for all bidders.

• The Sale will be conducted by the Henderson County Sheriff’s Department and it will be held at the front door of the Courthouse located at 200 N. Grove Street, Hendersonville, NC. All procedural aspects regarding the sale will be at the discretion of the Henderson County Sheriff’s Department and in accordance with North Carolina Law.

• The sale is typically conducted similar to an auction, with the property sold to the highest bidder. Opening bids will start at the amount due for Henderson County property taxes for which the Tax Judgment was taken.

• The highest bidder will be required to pay a 10% CASH deposit at the close of the bids.

• Each bid will remain in the Office of the Clerk of Court for a period of 10 days after the Report of sale is filed by the Sheriff. This is usually filed the following business day after the sale. During this ten-day period, the bid can be upset, or “raised” by a third party.

• Any person may upset the bid within (10) days of the reported sale price or last upset bid. Said upset bid must be made by increasing the bid by 5% of the last reported sale price or upset bid but in no event less than $750.00. (i.e. Reported sale amount of $250.00 + $750.00 (required upset bid amount) = $1000.00 which must be paid to the Clerk of Superior Court to perfect the upset bid. If the reported sale amount or upset bid amount is in excess of $15,000.00 then the increase of 5% would apply) All upset bids are to be made with the Clerk of Superior Court. The total amount of the upset bid must be paid in cash and received prior to the expiration of the ten-day time period. If the tenth day falls upon a weekend or legal holiday when the Clerk’s office is closed for regular dispatch of its business, the upset bid and notice of upset bid may be filed on the next day following when the office is open for the regular dispatch of business.

• At the expiration of the ten-day period, the remaining balance must be paid immediately, upon receipt of payment a SHERIFF’S DEED will be issued to the successful bidder. The Sheriff’s deed will need to be recorded in the Henderson County Register of Deeds office by the successful bidder.

• The successful bidder will take the property SUBJECT TO all outstanding taxes for all other taxing units in addition to outstanding taxes due Henderson County for ALL YEARS SUBSEQUENT TO THE TAX YEAR(S) INCLUDED IN THE FORECLOSURE SALE.