Properties 40-90% Off Market Value? – Cabarrus County – North Carolina Tax Deed Investing

Snap up properties at dramatic discounts in Cabarrus County, North Carolina’s Tax Foreclosure Sales. Be there in person to outbid the rest, starting with the back taxes and costs.

Don’t miss out on the chance to buy properties significantly below market value in Cabarrus County, North Carolina’s Tax Foreclosure Sales! These sales, held on dates and times assigned by the courts, offer a unique opportunity for savvy investors.

How Tax Foreclosure Sales Work

Tax foreclosure sales in Cabarrus County occur when property owners fail to pay their taxes despite multiple collection attempts. These sales are public auctions where anyone can bid, starting at the amount owed in back taxes, fees, and costs. The highest bidder wins the property, but they must be prepared to make a 20% deposit immediately.

Steps to Participate

Research and Understand Local Laws

Familiarize yourself with the legal framework and regulations specific to Cabarrus County.

Visit the Local Treasurer’s Website

Visit the Cabarrus County Tax Administration page For detailed information on tax foreclosure sales.

Check the Auction Site

Auctions are typically held at the Cabarrus County Courthouse steps, located at 77 Union Street South, Concord, NC, 28025. For upcoming sales, visit the Foreclosure Listings.

Read the Details About Tax Foreclosures

Ensure you understand the sale schedule, parcel inquiries, and other essential details. Properties are sold “as is,” so thorough research is crucial.

Contact the County Office

For more information, you can reach out to the Cabarrus County Tax Office at 704-920-2100.

Important Details

DetailInformation
Tax Sale TypeTax Foreclosure Sale
Typical Date of SaleAssigned by the courts (check listings and calendar for updates)
Bid ProcedurePremium Bid
Deposit20% of the bid amount
Auction Site61 Union Street S, Concord, NC, 28026
County WebsiteCabarrus County
Cabarrus County Government Center

Pro Tips

  • Do Your Homework: Research each property thoroughly before bidding. Remember, you’re buying the property “as is.”
  • Stay Sharp for Upset Bids: Be aware that upset bids can occur, giving others a chance to outbid you within 10 days after the auction.
  • Prepare Your Finances: Cabarrus County does not offer financing, so be ready with cash, money orders, or certified funds for deposits and payments.

FAQs

What is a tax foreclosure sale?

A sale auctions off properties due to unpaid taxes.

Can anyone bid?

Yes, anyone can bid at these public auctions.

What is an upset bid?

A bidder submits a higher bid within 10 days after the auction.

How do I find out about upcoming sales?

Check the Foreclosure Listings for updates.

What payment methods are accepted?

You can use cash, money orders, or certified funds for deposits and payments.

Visit the Cabarrus County Tax Administration or Foreclosure Listing for more detailed information.

Useful Links

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