COSL Announces Tax Auction for Regional Counties: Arkansas, Lonoke, Prairie
The Arkansas Commissioner of State Lands Office has set the stage for an exciting tax auction season, with several regional counties gearing up for property auctions. This year’s auction schedule will span from July to September, offering a diverse range of properties across the state.
Regional Counties Line Up for Tax Auctions
Among the counties participating in the auction are Lonoke, Prairie, and Arkansas. These regional counties will host separate auctions, showcasing properties that have been delinquent in tax payments.
The auction schedule includes key dates such as September 4 for Lonoke and Prairie counties, and September 24 for Arkansas county.
What to Expect from the Tax Auctions
- Properties included in the auctions are those that have been repossessed due to unpaid taxes. These foreclosed properties provide a unique investment opportunity for those interested in real estate.
- The COSL will transition to an online auction system for post-auction sales, streamlining the process and increasing efficiency.
- Properties that remain unsold after the initial auction will be made available through the Post Auction Sales process, offering a second chance for buyers.
- Redemption periods and possible litigation periods will apply to sold properties, ensuring that all transactions are conducted fairly and in accordance with state regulations.
Regional Investment Opportunities
This year’s tax auction in Arkansas offers a chance to invest in diverse regions, each with its unique characteristics and potential for growth. Whether you are a seasoned investor or a new entrant, the COSL’s tax auctions provide a promising platform to tap into the local real estate market.
