What happens to properties that do not sell?

Mortgage Sales:  If a property that was offered at the first sale results in No Bid/No Sale, then it will be rescheduled for the subsequent second sale date listed in the advertisement.  It will not have an opening bid amount at this second sale.

If a property that was offered at the second sale results in No Bid/No Sale, the Order of Sale will be returned to the court with a Sheriff’s Return showing a result of No Bid/No Sale.  The plaintiff or bank will then have to have their attorney file another (pluries) Order of Sale to be scheduled at a later date, if they so choose.

Delinquent Tax Sales:  If a property that was offered at the first sale results in No Bid/No Sale, then it will be rescheduled for the subsequent second sale date listed in the advertisement.  All terms, including minimum bid, will remain the same as at the first sale.

If a property that was offered at the second sale results in No Bid/No Sale, then this property is automatically deemed as “Forfeited” to the tax certificate lienholder or electing subdivision that brought this property to tax foreclosure sale.  An Order of Forfeiture will be filed by the plaintiff’s attorney and a Sheriff’s Deed will be prepared and filed to convey, transfer and record the property to the forfeited entity.