OKCountyTreasurers.com

JOHNSTON COUNTY TREASURER’S TAX RESALE POLICY:

THE EMPLOYEES OF THE TREASURER’S OFFICE NOR THE COUNTY TREASURER IS PERMITTED TO GIVE ANYONE LEGAL ADVICE.  THIS DOCUMENT IS MERELY INTENDED TO PROVIDE HELPFUL INFORMATION FOR YOU BEFORE YOU BID ON PROPERTY AT THE TAX RESALE.

  • UNDERSTAND THAT THIS IS A CASH ONLY AUCTION.  YOU MUST HAVE THE CASH ON HAND FOR YOUR BID.  . PROPERTY WILL BE SOLD TO THE HIGHEST COMPETITIVE BIDDER FOR CASH ONLY.  BEGINNING WITH THE TAX RESALE AUCTION ON JUNE 12, 2017, BIDDERS WILL NO LONGER BE PERMITTED TO LEAVE THE OFFICE TO GET THE MONEY FOR THEIR BIDS AND RETURN AT A LATER TIME.  PAYMENT FOR YOUR BIDS WILL BE EXPECTED AS SOON AS YOU ARE DECLARED THE HIGHEST SUCCESFUL BIDDER ON EACH TRACT. BIDDING AT ANY AUCTION IS REGARDED AS THE INTENT OF THE BIDDER TO CLOSE THE TRANSACTION.

 

  • AT THE SAME TIME, IF THERE IS NO BID ON A TRACT, IT IS IMMEDIATELY BID OFF IN THE NAME OF THE COUNTY FOR THE TAXES, INTEREST AND COSTS DUE AND THE OPPORTUNITY TO PURCHASE THIS TRACT HAS ENDED.

 

  • THE OFFICE OPENS AT 8:30 AM AND YOU WILL NEED TO REGISTER BEFORE THE AUCTION BEGINS.  THE AUCTION BEGINS PROMPTLY AT 9:00 AM IN THE COUNTY TREASURER’S OFFICE UNLESS OTHERWISE POSTED. 

 

  • THE LANDOWNER OR LIEN HOLDER HAS UNTIL 9:00 AM ON THE MORNING OF THE TAX RESALE AUCTION TO PAY THE TAXES TO KEEP THE PROPERTY FROM BEING SOLD.

 

  • KEEP IN MIND WHEN YOU ARE BIDDING THAT WE WILL BE CHARGING A $10 DEED PREPARATION FEE.  OUR SOFTWARE CAN PLACE UP TO 6 TRACTS OF LAND ON ONE DEED.  IF YOU WANT SEPARATE DEEDS THERE WILL BE A $10 CHARGE FOR EACH DEED WE PREPARE FOR YOU.  THIS WILL BE INCLUDED IN THE AMOUNT YOU OWE IN CASH THE DAY OF THE SALE. 

 

  • A PROPERTY STATUS REPORT WAS COMPLETED BY THE BUFFALO LAND ABSTRACT COMPANY ON EACH OF THE PROPERTIES BEING OFFERED AT THE AUCTION TODAY.  DUE DILIGENCE WAS PRACTICED TO THE BEST OF OUR ABILITY.  ALL OWNERS, LIEN HOLDERS AND ANY PERSONS WITH ANY INTEREST IN THE PROPERTIES, THAT WERE FOUND DURING THE PROPERTY STATUS REPORT RESEARCH, WERE NOTIFIED BY CERTIFIED MAIL AND BY LEGAL PUBLICATION IN THE JOHNSTON COUNTY CAPITAL DEMOCRAT PRIOR TO THE DATE OF THIS SALE.

 

  • THERE MAY BE A ONE YEAR PERIOD WHERE AN OWNER, UNDER LEGAL DISABLILTY, MAY COME BACK AND TRY TO REDEEM THE PROPERTY.  IF THIS HAPPENS, THE LITIGATION WILL BE BETWEEN THE SUCCESSFUL BIDDER AND THE PERSON WITH A VESTED INTEREST. NEITHER, I OR THE COUNTY, WILL BE INVOLVED.  IT IS POSSIBLE THAT AN OWNER OR A PERSON WITH ANY LEGAL OR EQUITABLE INTEREST IN THE PROPERTY MAY PROTEST THE ISSUANCE OF A TAX RESALE DEED.  THIS IS THE RISK YOU TAKE BY PURCHASING PROPERTY FOR DELINQUENT TAXES AT A TAX RESALE. 

 

  • TITLE IS TRANSFERRED BY TREASURER’S DEED.  THE PROPERTY IN A TAX RESALE IS BEING SOLD IN “AS IS” CONDITION, WITHOUT ANY WARRANTIES OR TITLE INSURANCE, EITHER EXPRESSED OR IMPLIED, AS TO THE NATURE, CONDITION OR DESCRIPTION OF THE PROPERTY.  BUYERS SHALL RELY ENTIRELY UPON THEIR OWN INFORMATION, JUDGEMENT AND INSPECTION OF THE PROPERTY AND RECORDS. 

 

  • YOU MAY WISH TO QUIET THE TITLE ON PROPERTIES THAT YOU HAVE PURCHASED AT A TAX RESALE.  AN ATTORNEY CAN GIVE YOU MORE INFORMATION ABOUT THIS PROCESS.  WE CAN NOT ANSWER ANY QUESTIONS ABOUT WHETHER YOU SHOULD OR SHOULDN’T DO THIS.

 

  • A TAX RESALE DEED CANCELS ALL DELINQUENT AD VALOREM TAXES, PENALTIES AND COSTS EXISTING AGAINST THE REAL ESTATE.  THE DEED VESTS IN THE RECIPIENTS AN ABSOLUTE AND PERFECT TITLE IN FEE SIMPLE TO THE REAL ESTATE WITH THE FOLLOWING EXCEPTIONS: 
  1. TAXES REFER TO ADVALOREM TAXES ONLY.  A TAX RESALE DEED MAY OR MAY NOT CANCEL STATE, FEDERAL OR OTHER LOCAL TAXES AND ASSESSMENTS. 
  2. THE FORMER OWNER, UNDER LEGAL DISABLITY, HAS TWELVE MONTHS TO FILE A PROTEST ON A TAX RESALE DEED.
  • ONCE THE BIDDING PROCESS IS COMPLETE, YOU HAVE PAID CASH FOR YOUR BID(S), YOU WILL RECEIVE A RECEIPT FOR YOUR PAYMENT AND THE DEED FOR THE PROPERTY. 

 

  • ONCE YOU HAVE THE DEED IN HAND, YOU WILL NEED TO FILE THE DEED IN THE COUNTY CLERK’S OFFICE AND PAY FOR FILING THE DEED.  *THE PREVIOUS OWNER HAS THE RIGHT TO PAY THE TAXES AND VOID THE SALE ANYTIME PRIOR TO THE DEED BEING FILED.  SO, IT IS IMPORTANT THAT YOU FOLLOW THROUGH WITH THIS PROCESS AS SOON AS POSSIBLE. 

 

  • THE AUCTION WILL BE CONDUCTED BY AN AUCTIONEER AND PROPERTIES WILL BE AUCTIONED IN THE ORDER OF THE NEWSPAPER PUBLICATION, DISREGARDING THE TRACTS THAT WERE PAID BY THE LANDOWNER PRIOR TO THE TAX SALE.  WE SUGGEST THAT YOU BRING YOUR COPY OF THE NEWSPAPER PUBLICATION WITH YOU THE MORNING OF THE SALE. WE WILL PROVIDE YOU WITH AN UPDATED COPY OF THE TAX RESALE AUCTION LIST FOR A CHARGE OF $1.00 PER PAGE PRIOR TO 9:00 AM.