| Procedures
for Sale of Adjudicated Parish Property
Step
#1 Determine that the property has been adjudicated to the
Parish, the City or both.
Finding
whether or not a piece of property is adjudicated is only
possible online by referring to the information available
to CPTA Professional Search Subscribers, otherwise you will
need to visit to the Caddo Parish Assessor's office in the
Courthouse. (Sorry, the information cannot be given out over
the telephone.) You will need the street address, geog number
or assessment description of the property you are interested
in purchasing. From either source, the record will include
adjudication information in the "History" section.
Read the information carefully. Make sure you come away with
a complete copy of the record so that you will have everything
you need to fill out the application.
If the
phrase "(ADJ. FOR 19XX TAXES; ALSO ADJ. FOR 19XX CITY
TAXES)" appears, then the property has been adjudicated
to both the parish and the city. In this case or if the notice
does not mention adjudication for the city at all, follow
the instructions below for the Parish
Procedures. If the property is ONLY listed as "(ADJ.
FOR 19XX CITY TAXES)" and mentions no other adjudication,
then you should follow the instructions for the City
Procedures. They are very similar but you will be
dealing with different offices. As neither the Parish nor
the City takes possession of the property at any time during
this process, they cannot grant you right of access
to the property.
PLEASE
NOTE: If successful, you will be buying the Parish and/or
City's tax lien position against the property which is superior
to the original owner's and even mortgage holder's claims.
It could, however, still be subject to State or Federal liens.
Parish Procedures
Step
#2 Complete the application form
and return it with your certified funds, payable to Parish
of Caddo.
All information,
fees and signatures requested in the application must be completed.
Incomplete applications will not be processed and will be
returned to the applicant.
The application
and funds should be turned in to the Department of Public
Works, Engineering Department at Suite 820, Government Plaza,
505 Travis St. Shreveport, LA 71101 or mailed to PO Box 1127,
Shreveport, LA 71163-1127.
Step #3 Property Status Determination by all taxing authorities.
All taxing
authorities must declare that the property in question is
"surplus property" and available for sale. ONLY
PROPERTY THAT HAS BEEN ADJUDICATED AND NOT REDEEMED FOR MORE
THAN THREE YEARS MAY BE ELIGIBLE FOR SALE. Adjudication normally
takes place by June of the year following the one for which
the taxes are not paid. So, if the 1999 taxes are not paid
and the property is adjudicated, you could make an application
to purchase it during or after July of 2003.
Step #4 Applicant to provide Parish with a Title Report. (Title
Report Fee $125)
Caddo
Parish will provide a list of approved title companies to
applicant. Fee and title report contents have already been
agreed to by all parties.
Step #5 Caddo Parish will notify all interested parties noted
on Title Report.
A mailing
will be made at your expense to every party ($5 per interested
party) with an interest in the property listed on the title
report. If necessary, a newspaper advertisement will also
be run. Legal time limit is sixty (60) days from date last
green card received or advertisement run. Once that period
has elapsed, the parish will request an appraisal.
Step #6 Applicant to provide Parish with an Appraisal Report.
(Appraisal Report, lot without improvements $150, lot with
improvements $250, large tracts with acreage are negotiable)
Caddo
Parish will provide a list of approved appraisers to applicant.
Fees and appraisal report contents have already been agreed
to by all parties. After receiving the appraisal, Caddo Parish
will request applicant to make an offer to purchase for a
specific price.
Step #7 Applicant to make offer to purchase.
You will
then need to make a specific bid for the property in writing.
If the offer is deemed presentable to the Commission, an ordinance
will be prepared to sell the property for NOT LESS THAN THE
AMOUNT OFFERED.
Step #8 Ordinance presented to the Commission and the City
Council, if necessary. An ordinance allowing the sale
is submitted to the Commission (and the City Council, if necessary)
for approval.
Step #9 Caddo Parish determines the date and time of bidding
session and runs notice advertisement to Public, then conducts
the auction.
After
the ordinance is passed, Caddo Parish will notify the Public
of the date and time of the bidding session, the required
deposit and a minimum offer of at least one dollar more than
the original bid. If no one appears to bid against you, your
bid will be the high bid. If others appear to bid on property,
then everyone can submit a sealed bid. If your bid is not
highest, you will receive all fees paid to the Parish back
and they will be added to the highest bid amount which the
high bidder must pay. Caddo Parish reserves the right to reject
any or all bids.
Step #10 Caddo Parish will notify purchaser of date, time
and place to come sign deed.
You will
need to bring certified funds to the closing in the amount
of your winning bid plus any fees due.
Note: Additional important information is included in the
attached documents. After
all the procedures above have been followed, there will still
be one additional legal step necessary for you to take to
obtain an insurable title to the property. Caddo Parish strongly
advises potential purchasers to consult with their legal professional
during this process.
City Procedure
Step
#2 Complete the application form and return it with your certified
funds, payable to City of Shreveport.
All information,
fees and signatures requested in the application must be completed.
Incomplete applications will not be processed and will be
returned to the applicant.
The application
and funds should be turned in to the Department of Operational
Services (DOS), Property Management Department at Suite 570,
Government Plaza, 505 Travis St. Shreveport, LA 71101.
Step #3 Property Status Determination by all taxing authorities.
All taxing
authorities must declare that the property in question is
"surplus property" and available for sale. ONLY
PROPERTY THAT HAS BEEN ADJUDICATED AND NOT REDEEMED FOR MORE
THAN THREE YEARS MAY BE ELIGIBLE FOR SALE. Adjudication normally
takes place by June of the year following the one for which
the taxes are not paid. So, if the 1999 taxes are not paid
and a piece of property is adjudicated, you could make an
application to purchase it during or after July of 2003.
Step #4 Applicant to provide City with a Title Report. (Title
Report Fee $125)
DOS will
provide a list of approved title companies to applicant. Fee
and title report contents have already been agreed to by all
parties.
Step #5 The City will notify all interested parties noted
on Title Report.
A mailing
will be made at your expense to every party ($5 per interested
party) with an interest in the property listed on the title
report. If necessary, a newspaper advertisement will also
be run. Legal time limit is sixty (60) days from date last
green card received or advertisement run. Once that period
has elapsed, the city will request an appraisal.
Step #6 Applicant to provide City with an Appraisal Report.
(Appraisal Report, lot without improvements $150, lot with
improvements $250, large tracts with acreage are negotiable)
The City
will provide a list of approved appraisers to applicant. Fees
and appraisal report contents have already been agreed to
by all parties. After receiving the appraisal, the City will
request applicant to make an offer to purchase for a specific
price.
Step #7 Applicant to make offer to purchase.
You will
then need to make a specific bid for the property in writing.
If the offer is deemed presentable to the City Council, an
ordinance will be prepared to sell the property for NOT LESS
THAN THE AMOUNT OFFERED.
Step #8 Ordinance presented to the City Council. An ordinance
allowing the sale is submitted the City Council for approval.
Step #9 The City determines the date and time of bidding
session and runs notice advertisement to Public, then conducts
the auction.
After
the ordinance is passed, the City will notify the Public of
the date and time of the bidding session, the required deposit
and a minimum offer of at least one dollar more than the original
bid. If no one appears to bid against you, your bid will be
the high bid. If others appear to bid on property, then everyone
can submit a sealed bid. If your bid is not highest, you will
receive all fees paid to the City back and they will be added
to the highest bid amount which the high bidder must pay.
The City reserves the right to reject any or all bids.
Step #10 The City will notify purchaser of date, time
and place to come sign deed. You
will need to bring certified funds to the closing in the amount
of your winning bid plus any fees due.
Note:
Additional important information is included in the attached
documents. After all the procedures above have been followed,
there will still be one additional legal step necessary for
you to take to obtain an insurable title to the property.
The City of Shreveport strongly advises potential purchasers
to consult with their legal professional during this process.
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