State Lands Commissioner Announces August 20 Auction for Tax-Delinquent Parcels in Southwest Arkansas
As the auction season continues, the Arkansas Commissioner of State Lands has announced the next set of live auctions to sell property with delinquent taxes, including several parcels in Southwest Arkansas. The auctions aim to recover taxes and other costs from properties that have been delinquent for at least four years. With multiple auctions scheduled across different regions, the commissioner is urging bidders to do their due diligence before placing a bid.
The commissioner’s auctions have become a significant means of recovering taxes owed to counties. Counties certify delinquent properties, giving the owner two years to redeem the property before it is sold at auction. If not sold at the live auction, the parcels are then listed for post-auction sale online 30 days later. The primary objective is to recover taxes and other costs owed to the county, with any excess proceeds going back to the original property owner.
Before participating in the auction, it is crucial for bidders to research the properties thoroughly. Potential buyers need to be aware of any liens or judgments that might be attached to the property. Additionally, they should be prepared for full payment at the time of sale. All sales are final, and cash is not accepted.
- Upcoming auctions include the Southwest Arkansas auction scheduled for August 20.
- Properties up for grabs have been delinquent for at least four years.
- Anyone interested in bidding should pre-register and review the Rules and Regulations for detailed information.
Full payment is required at the time of sale and can be made through personal or business checks, credit or debit cards, cashier’s checks, or money orders. Owners of tax-delinquent parcels can redeem their properties by paying the owed taxes at the commissioner’s office in Little Rock. Parcels must be redeemed by the last business day before the auction date to prevent sale.
Following the auction, the winning bidder’s payment is processed, and a limited warranty deed is issued. The deed is then recorded with the circuit clerk of the county where the property is located and forwarded to the buyer. E-recorded deeds are emailed to the buyer’s registered address.
The commissioner’s office emphasizes the importance of thorough research, clear payment procedures, and the finality of sales. With several auctions set across the state, potential buyers are advised to engage with caution and preparation to ensure successful transactions.
For detailed information and auction schedules, interested parties can visit the Commissioner of State Lands’ website and review available materials, including the Public Auction Catalog and Rules and Regulations. This includes access to county property records through DataScoutPro.com, which provides parcel mapping and county-wide mapping where available.
As these auctions continue to play a critical role in recovering taxes and preserving property values in Arkansas, bidders are encouraged to take advantage of this opportunity to invest in tax-delinquent properties and support the state’s revenue recovery efforts.
