Judgment Against Property With Rem In Mecklenburg
Description
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FAQ
Unpaid property taxes create an automatic lien, whether delinquent or not. What happens when a municipality completes an "in rem" foreclosure? The municipality obtains title to the property. An in rem foreclosure is quite common and allows the municipality to obtain title and sell the property.
North Carolina defers a portion of the property taxes on the appraised value of a permanent residence owned and occupied by a North Carolina resident who has owned and occupied the property at least five years, is at least 65 years of age or is totally and permanently disabled, and whose income does not exceed $56,850.
If you are interested in purchasing a tax foreclosure property in North Carolina, we encourage you to look over our up-to-date list of properties going up for auction. In most cases, the bidding process occurs at the County Courthouse.
If you are interested in purchasing a tax foreclosure property in North Carolina, we encourage you to look over our up-to-date list of properties going up for auction. In most cases, the bidding process occurs at the County Courthouse.
When a tax foreclosure sale is confirmed, the ownership of the property is transferred from the delinquent taxpayer to a new owner pursuant to judgment of the Court. The new owner is responsible for all future taxes.
North Carolina State law prohibits the sale of property tax liens.
Properties with delinquent real estate taxes are subject to tax foreclosure. When a tax foreclosure action is adjudicated, the ownership of the property is transferred from the delinquent taxpayer to a new owner. The new owner is responsible for all future taxes.
North Carolina State law prohibits the sale of property tax liens.
