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Committee approves auction of 117 tax‑defaulted properties, authorizes below‑minimum sales for timeshares
Summary
The Budget and Finance Committee authorized the Tax Collector to auction 117 tax‑defaulted parcels (96 timeshares among them) and accepted an amendment permitting the department to sell some timeshare units below the statutory minimum bid to facilitate sales.
The Budget and Finance Committee voted to send forward a resolution authorizing the Tax Collector to sell 117 tax‑defaulted properties at public auction, including 96 timeshare units, and amended the resolution to allow the tax collector to sell certain timeshare units below the minimum bid when necessary to achieve a sale.
Francis Nguyen of the Treasurer–Tax Collector’s office told the committee the online auction is scheduled for April 23–26, 2011, on BidForAssets.com and described the parcel mix: 96 timeshares, five condominiums, one vacant lot, eight single‑family homes,…
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