BIDDER REGISTRATION
1. Name on the certificate
2. Address on the certificate
3. City, state and zip on the certificate.
4. Mailing address if different than the certificate.
5. Tax ID # or social security #
6. Phone number, fax number and e-mail.
7. Primary contact
8. Attending representative.
Bidders must be separate and distinct bidders. Bidders who register as basically the same bidder will be disallowed, and only one bidder allowed to participate. You will also want to read the section on ASSIGNMENTS later in this document. Each individual may represent only one entity.
If no person makes a request to do a bid down on any given parcel then the sale is conducted in the round robin format used extensively in the state of Nebraska. You will receive a number when you sign in. After all numbers are distributed, the treasurer will pick a number at random. That number will be the first person to be offered the first parcel on the tax sale list. We will then go to the first parcel, which are listed in parcel number order, and the first buyer will have the option of purchasing the tax sale for ALL delinquent back taxes and fees for that parcel. There is currently a $20.00 fee which is non-refundable upon tax sale redemption. If the first bidder chooses not to purchase the tax sale then the second bidder (holder of the next number) has the option and so on. If you pass on your turn you are done for the round of sale until we have gone through all other bidders. Note that the dollar amounts in the newspaper do not include all delinquent interest and MAY include multiple years of back taxes so be prepared to pay more than the amount published. It is your responsibility to know what you are buying. There are no refunds on purchased certificates.
Cell phones will be OFF. If you have to leave the room to make/take a phone call the tax sale will continue without you. YOU MAY THEREFORE MISS YOUR TURN.
We do not sell properties already in tax sale or properties currently in bankruptcy. If you buy a parcel which later goes into bankruptcy, you may have to see a lawyer.
Sale day announcements may take precedence over other previous announcements or listings. If a decision must be made that is not statutory in nature, we are almost always going to defer, within the limitations of the law, with the taxpayer who lives here owns property and therefore pays taxes in Banner County.
Upon completion of the bidding you will be expected to provide a blank check to the Banner County Treasurer. We will then process your tax sales, and then mail you copies of the certificates. When we have completed the process, we will process your check and send it to the bank. We will be happy to contact you with your total purchase check amount. Certificates will be issued in the name you designated when registering,
When a tax sale certificate is redeemed you will be paid 14% interest from the date of sale till the date of redemption. Please note the $20.00 purchase fee is not reimbursed. Your check will be sent out when we are certain the redemption check has cleared the bank.
There is a $10.00 fee for assignments. There are to be ABSOLUTELY NO assignments whatsoever the day of the sale. The tax sale certificates will be issued in the name of the party on the registration form. Any assignment within 45 days will be disallowed. This is being enforced to protect the integrity of the sale for all participants.
