Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Recovery topic
No spam. Unsubscribe anytime.
County reports nearly $49,000 in latest excess foreclosure proceeds; three recoveries total about $191,000
Summary
The tax assessor told commissioners a recent judicial recovery of excess proceeds from sheriff sales deposited about $48,706.96 to county funds; earlier recoveries of roughly $81,730 and $61,526 bring the three-tranche total to about $191,370, with small allocations to emergency services and the hospital district.
The county's tax assessor reported a recent recovery of excess proceeds from foreclosure sales deposited to county funds. The packet listed the amount with a transcription error that the court corrected during the meeting: the correct amount for the most recent draw is $48,706.96.
The assessor explained the process: after foreclosure sales, owners have statutory redemption periods (six months for non-homesteads, 24 months for homesteads) to claim excess proceeds; if unclaimed, funds may be returned to taxing entities through a judicial process. The county worked with an outside law firm over the past year to recover older excess proceeds, and reported prior recoveries of about $81,730 (October) and $61,526 (December), for a cumulative amount of roughly $191,370 across the three actions. Small portions of the latest draw were paid to the emergency services district (~$3,124) and the hospital district (~$3,840).
The court accepted the acknowledgement and recorded the corrected dollar figure on the record.
