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Upset Bid Opportunity for Parcel # 2278-73-8947-0000 near 788 Wards Corner Loop, Burgaw

Parcel number 2278-73-8947-0000 located near 788 Wards Corner Loop Road outside of Burgaw was acquired by Pender County on 04/30/2019 through tax foreclosure proceedings.  The parcel consists of a wooded lot on 4 acres that is land locked.  The estimated tax value of the parcel is $19,000.00 in GIS.  Mr. Lyncoya Simpson has placed a bid offer of $15,000.  Upset Bids will be only be accepted through July 22 at 5:00pm.

Per NC General Statutes § 160A-269, the new bid must be the greater of either a $750.00 increase or 5% more than the outstanding bid.  For example if the 5% is equal to $1,000.00 then you would have to bid the $1,000.00 – not just the $750.00.  This bidding process could potentially go on for multiple cycles.

Bidders must complete Form AOC-CV-414 and bring the form, along with a 5% deposit to the Pender County Finance Department.  All bids must be received (not postmarked) by 5pm on the 10th day of  the Upset Bid period, July 22 at 5:00pm.

In person or by courier to:

Andy DeVane, Asset Manager

Pender County Finance Department

805 W. Walker Street

Burgaw, NC  28425

By US Postal:

Andy DeVane, Asset Manager

Pender County Finance Department

PO Box 1578

Burgaw, NC  28425

Published notice of this process is pursuant to NC General Statutes § 160A-269.

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