Tax Deed Properties in Arkansas. What is the post auction sales process? New Post Auction Sales Process: What happens to tax delinquent (tax deed) properties that were offered at the initial public auction, but did not sell? The Commissioner of State Lands (COSL) has rolled out a new post auction sales (formerly known as ‘negotiated sales’)
Tax Deed Properties in Arkansas. How do you purchase Tax Deed Properties in Arkansas? The 2018 tax delinquent, or tax deed, land auctions will begin April 3, 2018 in Pope County and will continue through September 19, 2018 in Cleburne County, Arkansas. Check our upcoming events page for more complete and updated scheduling information. Potential bidders
Tax Deed Properties in Arkansas. What research should I do before purchasing Tax Deed property in Arkansas? The Commissioner of State Lands, John Thurston, strongly urges potential buyers to research all properties at the county level before purchasing: Determine the location and size of the parcel; and Check for liens, mortgages, and other taxes or assessments that may
Tax Deed Properties in Arkansas. What happens after I purchase Tax Deed property in Arkansas? When do I receive a deed to the property I am purchasing? Purchaser’s Certificate After paying in full for a property, the buyer will receive a “Purchaser’s Certificate.” This document does NOT convey title or ownership to the property. It simply states
Tax Deed Properties in Arkansas What happens to the Liens and Mortgages on Tax Deed property in Arkansas? Mortgages, Judgments, or other encumbrances The Commissioner of State Lands (COSL) attempts to provide notice to all interested parties that have been identified and made known to him. If the interested party receives proper notice of a sale but fails
Assessment of Property Generally Ark. Code Ann. § 26-26-1122 – Definitions. (a) As used in this subchapter and in the Arkansas Constitution, Amendment 79: (1) (A) “Homestead” means the dwelling of a person that is used as his or her principal place of residence with the contiguous land, excluding all land valued as agricultural land, pasture
You may need a Quit Claim Deed to get the house in your name. The papers have been signed, the divorce is finalized, and the house is all yours… or is it? Sure, the divorce decree says that you have been awarded the marital home, but this paper does not actually transfer ownership of the
Real Estate Matters: TAX DEED PROPERTY: If you are considering purchasing a tax delinquent property through the Commissioner of State Land’s auction or website, we can answer your questions. QUITCLAIM DEED: Quit-claim deeds are often used in Arkansas to transfer real estate from one person to another. BENEFICIARY DEED: Beneficiary deeds allow you to pass your
You are renting a home that has just been foreclosed upon. What can you do? Bona fide tenants who rent a home that goes into foreclosure are protected by a federal law called “Protecting Tenants at Foreclosure Act” (PTFA). The PTFA was enacted in 2009 and permanently extended on May 24th, 2018. What does this
Partition of Land – Real Property. What does “partition of land” mean? A “partition” occurs when the court determines how to divide land among the parties who own it. When the land cannot be divided fairly, the court orders that the property be sold and the proceeds be divided among the parties. If you and