Monticello Live

Monticello's Daily News

Drew Memorial
Farmers Insurance Mainline Health Systems

Search

CLASSIFIEDS

OBITUARIES

BIBLE

LOCAL WEBSITES

Bradley County Medical Center

Frazer’s Funeral Home

Frazer's Funeral Home Warren

Avocados

Avocados

Head of the Class

UAM A

Be A Weevil

Pines Broadcasting Company

Pines Broadcasting Company

Hooray Yard Cards

Hooray Yard Cards

Ashley County Medical Center 2 A

Ashley County Medical Center

South Arkansas Business Solutions

Major’s Forest & Lawn 2

Paint & Lighting Plus Inc.

Paint & Lighting Plus Inc.

BancorpSouth Candence Josh Frost

BancorpSouth Candence Josh Frost

Advertise With Monticello Live

UAM Trotter House A

UAM Trotter House

One 11 Southern Graphics 1

ONE11 Southern Graphics

Cass Martin Realty

Cass Martin Realty

War Eagle Boats

Ashley County Medical Center 2

Ashley County Medical Center

Farmer’s Insurance Two

One 11 Southern Graphics 2

ONE11 Southern Graphics

Burgess Process Service

Burgess Process Service

ESA Staffing

Ray Ryburn Real Estate

Monticello Exxon

Monticello Exxon

Monticello Tire (Goodyear)

Monticello Tire (Goodyear)

Clearview

SEEMS

UAM News

UAM News

UAM Sports

UAM Sports

ASFCU

ASFCU

Searcy & Associates

Searcy & Associates

O’Fallon Vet

0'Fallon Vet

Merchant & Planters Agency, INC.

Merchant & Planters Agency, INC.

Secure Storage 2

Ray’s

Ryburn’s

Farmer’s Insurance One

ESA Staffing 2

Mingo Computer Consulting

Mingo Computer Consulting

Online auctions of unsold tax-delinquent properties begin July 1

June 24th, 2021 by

Land SaleArkansas property investors will be excited about a change coming to the Commissioner of State Lands Office.

Commissioner Tommy Land announced that his office will begin offering certain parcels for online auction next month.

“These are properties that were offered at auction but did not sell,” Land said. “The post-auction sales list has always been posted on our website, but those properties could only be purchased by mail. We’re moving that process online.”

The COSL office will still hold live, in-person auctions for newly-available properties. The online sales are only for the properties listed on the post-auction sales list. The online auction site is https://auction.cosl.org and properties will be available to view on July 1.

Bidding on any parcel begins when the first offer is made, and the bidding period for that parcel remains open for 30 days from that date.  At the end of the 30 days, the winning bidder will be notified.

Only U.S. residents are eligible to purchase property. “Buyers must have a valid U.S. address and identification to purchase property through these online auctions,” Land said.

“The owner still has 10 business days to redeem the property after bidding ends,” he said. “After the expiration of that time, if the owner has not paid the delinquent amount, we will issue the limited warranty deed to the new buyer.”

He said his office is posting informational videos on its social media and website to demonstrate researching a property and how to bid in the online auctions.

“It’s a simple process, but it’s important that people do some research and understand what they’re bidding on,” Land said. “We’re offering free tutorial videos to help them learn more about this process.”

Post-auction sales are a big part of the COSL’s business. In 2020, when the office couldn’t hold public auctions due to the COVID pandemic, “we sold more than 5,400 parcels that had failed to sell at previous years’ auctions,” he said. In 2019, the last year of auctions, post-auction sales outnumbered auction sales by almost 3-to-1.

“By far, most parcels that are certified to us for delinquent taxes are redeemed by their owners,” he said. “But for those that are not redeemed, the auction and post-auction sales process gets them back into active tax status, which benefits everyone. We’re excited about the new online auctions, and I’m looking forward to more people getting involved.”

Choose another article

Newer article: Drew Central Cheer Camp Update

Older article: Sears Hometown Store

Leave a Reply

A.J. Huffman Graphic Design

Citizen’s Bank

Citizen's Bank

Ashley County Medical Center 1 A

Ashley County Medical Center

Jerry Cruce Stump Grinding

Searcy & Associates 2

Searcy & Associates

Beaver Tree Service

Beaver Tree Service

BCMC Family Care Clinic 1

Majors Forest & Lawn 1

Malco Theater 1

Ashley County Medical Center 1

Ashley County Medical Center

Prescription Pad Pharmacy

The Prescription Pad Pharmacy

Farm Bureau

KK Logistics

KK Logistics

Mr. Bug

Mr. Bug

Drew Farm

Union Bank 2

UAM Trotter House B

UAM Trotter House

City Drug

City Drug

Ashley CountY Medical Center 3 A

Ashley County Medical Center

Immanuel Baptist Church

BCMC Family Care Clinic 2

Baker’s Electrical

Baker's Supply

Monticello Animal Clinic

Monticello Animal Clinic

State Farm Mark Gray

AM Rental & Sales

AM Rental & Sales

Commercial Bank

Malco Theater 2

Ashley County Medical Center 3

Ashley County Medical Center

Union Bank 1

La Terraza

La Terraza

Quality Plus Dry Cleaners

Quality Plus Dry Cleaners

Citizen’s Bank 2

Citizen's Bank

UAM B

Be A Weevil

Mullis Insurance

Sammy Mullis Insurance

Monticello Realty

Monticello Realty

Lucky’s Of Monticello

Bone’s Auto Parts

Bone's Auto Parts

Small Bites Pediatric Dentist