Date TBD

Not verified from a source yet.

North Carolina does not sell tax lien certificates for a bid rate; delinquent taxes are collected by foreclosing the tax lien and selling the property. Two statutory paths exist and the county chooses: an action in the nature of a mortgage foreclosure under G.S. 105-374, where a court-appointed commissioner auctions the parcel at the courthouse door, or the in-rem method under G.S. 105-375, where the tax collector dockets a judgment and the sheriff sells under execution. In both paths the high bid is provisional: within 10 days after the report of sale any person may raise the bid by at least 5 percent (minimum $750) and each raise reopens the 10-day window, so a bidder can lose the parcel after the auction. The statutes set no bidder registration requirement and no balance-due deadline; the commissioner's discretion under 105-374(m1) supplies the deposit at the auction (up to 20 percent of the bid), while the upset-bid deposit (5 percent of the upset bid, minimum $750, in cash or certified funds) is fixed by Chapter 1, Article 29A and applies to both paths. Payment methods and settlement dates are set by the court order or the office conducting the sale, not by the statutes.