[map] North Carolina

North Carolina
Summary: Sales of real property to collect delinquent real estate property taxes follow a taxing district suing to judicially foreclose a tax lien (Sec. 105-374, Sec. 105-375). State statute allows for two types of foreclosure proceedings, both result in the real estate being sold in fee simple, free and clear of all interests, rights, claims, and liens.

Law: General Statutes of North Carolina, Chapter 105, Subchapter II, Article 26, “Collection and Foreclosure of Taxes.”
Contact: Local Tax Collectors (Sec. 105-350).
Interest Rate: Not applicable, because there is no right to redeem foreclosed property sold for delinquent real estate property taxes once the sale is confirmed (Sec. 105-374, Sec. 105-375).
Auction Type: Tax Deed (Sec. 105-374, Sec. 105-375).
Bidding Procedures: Premium bid / highest bid. (Sec. 105-374 (m). The sale shall be by public auction to the highest bidder at public auction for an amount equal to at least the delinquent taxes, interest, penalties, and costs and shall, in accordance with the judgment, be held at the courthouse door on any day of the week except a Sunday or legal holiday (Sec. 105-374, Sec. 105-375).

Costs: Costs and fees payable by a winning purchaser of foreclosed property include the costs of the foreclosure proceeding, including reasonable attorney’s fees and a commissioners fee of not more than 5% of the purchase price (Sec. 105-374, Sec. 105-375).Redemption Period: There is no right of redemption on foreclosed property once the sale is confirmed (Sec.105-374, Sec. 105-375).

Deed Assigned at Foreclosure to: The tax deed sale purchaser (Sec. 105-374, Sec. 105-375).

Notes: According to 415 2111.12171.1 A 10 day period is provided by law for the filing of upset bids; if that ten 10 day period expires and no upset bids have been filed, the property is considered legally sold. Filing Upset Bids After a property is sold at public auction but before 10 day upset bidding period elapses, any interested party may file an upset bid with the Special Proceedings Division. To file an upset bid, the bid must be raised by at least 5% and either $50.00 or 5% of the new bid whichever is greater must be deposited with the clerk of the Superior Court. Once an upset bid is filed, a new ten day upset bidding period begins. Once this upset bidding period expires and no new upset bids have been filed, the property will be considered legally sold to the highest bidding party. If the highest bidding party defaults on their bid, they lost their deposit and a new
sale process begins.

North Carolina Contacts
number of Counties: 100

Alamance County
124 West Elm St
Delinquent Property Tax Division
Graham, NC 27253-2802
Phone: (336) 228-1312

Alexander County
255 Liledoun Road
Delinquent Property Tax Division
Taylorsville, NC 28681-2497
Phone: (828) 632-9332

Brunswick County
PO Box 249
Delinquent Property Tax Division
Bolivia, NC 28422-0249
Phone: (910) 253-2000

Buncombe County
One Oak Plaza Suite 105
Delinquent Property Tax Division
Asheville, NC 28801-3519
Phone: (828) 250-4105

Cabarrus County
PO Box 707
Delinquent Property Tax Division
Concord, NC 28026-0707
Phone: (704) 920-2100

Catawba County
PO Box 389
Delinquent Property Tax Division
Newton, NC 28658-0389
Phone: (828) 465-8200

Cleveland County
PO Box 1210
Delinquent Property Tax Division
Shelby, NC 28151-1210
Phone: (704) 484-4800

Cumberland County
PO Box 1829
Delinquent Property Tax Division
Fayetteville, NC 28302-1829
Phone: (910) 678-7700
Durham County

200 E Main St
Delinquent Property Tax Division
Durham, NC 27701-3649
Phone: (919) 560-0000
Guilford County

PO Box 3427
Delinquent Property Tax Division
Greensboro, NC 27402-3427
Phone: (336) 641-3383