Mecklenburg County

Sale typeWhat you actually buy. A lien sale gives you a claim on the property and the owner keeps it for now; a deed sale transfers the property itself. A redeemable deed transfers ownership but still gives the former owner time to pay you back. See the full glossary for more terms.

deed

N.C.G.S. 105-375

Interest / penaltyWhat you earn when the owner redeems. Interest is a rate paid over time; a penalty is usually a one-time percentage of the tax or redemption amount. A rate that is bid down during the auction is still interest. See the full glossary for more terms.

8% p.a. on docketed tax judgment

N.C.G.S. 105-375

RedemptionHow long the former owner has to repay the debt and keep the property after the sale. Your money stays tied up until this window closes, so a long period can mean a multi-year wait on a lien. See the full glossary for more terms.

none after sale (fee simple free and clear)

N.C.G.S. 105-375

Bid methodHow the winner is chosen: bidding the interest rate down, bidding a premium above the amount owed, a random or rotating draw, or simply buying at the minimum bid. See the full glossary for more terms.

execution sale by sheriff

N.C.G.S. 105-375

Sale timingWhen sales are typically held. Many counties publish sale lists only a few weeks ahead, and some sell continuously or on their own schedule. See the full glossary for more terms.

varies by county (execution 3 months-2 years after docketing)

N.C.G.S. 105-375

Auction platforms

No platform listing found yet.

Parcels in this county

No parcels listed yet.

1. 1.Find the sale: the county publishes an interactive map of upcoming foreclosure sales and the assigned law firms publish the current listing lists through the "View Listings" links on the county's tax foreclosure page
2. 2.Contact the attorney assigned to the property before bidding: the Office of the Tax Collector states both foreclosure styles are conducted by attorneys, and that to bid on these properties you contact the attorney assigned the specific properties you are interested in
3. 3.Bid at the attorney-conducted auction; Mecklenburg's foreclosure sales are scheduled case-by-case and notices are published in the Mecklenburg Times once a week for two weeks and posted at the Mecklenburg County Courthouse for at least 20 days
4. 4.Watch the 10-day upset bid window: successful bids stay open 10 days, an upset bid must raise the last bid by 5 percent or $750.00, whichever is greater, and the upset bidder must deposit 5 percent of the new bid or $750.00 in cash or certified funds with the Clerk of Court; every upset bid starts a new 10-day period
5. 5.Pay the balance: once all upset bid periods are completed the highest successful bidder is notified and must deliver the balance of the purchase price to complete the sale
6. 6.Do not default: a successful bidder who does not remit the purchase price when the closing attorney demands it may lose all deposits, face civil action, and face contempt prosecution for failing to honor the bid
7. 7.Note who holds what: mortgage-style foreclosures run under G.S. 105-374, while in-rem foreclosures are handled in house by the Office of the County Attorney under G.S. 105-375 (the county lists those in-rem properties separately)

RegistrationSigning up as a bidder before the sale. Counties set the deadlines and paperwork, which may include an application, identification, and a no-delinquent-taxes statement. See the full glossary for more terms.

Required: UnknownUnknown

Not verified from a source yet.

DepositMoney you must post before or at the sale, often a flat amount or a percentage of your bid. It is usually applied to the purchase price if you win and is often non-refundable if you fail to pay. See the full glossary for more terms.

Required: UnknownUnknown5% of amount owed

when an upset bid is filed with the Special Proceedings Division of the Clerk of Court: 5 percent of the new bid or $750.00, whichever is greater, in cash or certified funds; the county page documents no deposit for the original high bidder

FormsPaperwork a county may collect before you can bid, such as a bidder ID card or a W-9 for tax reporting. See the full glossary for more terms.

Bidder ID card: UnknownW-9: Unknown

To bid you contact the attorney assigned to the property; the county page states that both foreclosure styles are conducted by attorneys and provides the assigned law firms' listing pages

Mecklenburg County picks a North Carolina foreclosure style case by case: a mortgage-style action under G.S. 105-374, or an in-rem action under G.S. 105-375 handled in house by the Office of the County Attorney, with judgments confirmed in court. Both are conducted by attorneys, so the county's instruction for bidding is simply to contact the attorney assigned to the property, and it publishes no bidder registration, bidder number or entrance deposit for the original high bidder; only the upset bidder's deposit is documented (5 percent of the new bid or $750.00, whichever is greater, in cash or certified funds to the Clerk of Court). Every sale stays provisional for 10 days and each upset bid restarts that window, and a bidder who does not deliver the balance when the closing attorney demands it may lose all deposits and face civil action and contempt prosecution. A property owner's bankruptcy filing can halt the foreclosure, and collusive bidding is ruled out by the county's bidder advisory and prosecutable under G.S. 75-1. Statewide statutes are N.C. Gen. Stat. 105-374 and 105-375 plus Chapter 1, Article 29A (see data/bidder_process/state/NC.json).