For your consideration is an upset bid process for parcel number 3282-29-4762-0000 located on 210 in Hampstead that we acquired on 12/20/2010 thru tax foreclosure proceedings.  The parcel consists of a wooded lot on 0.57of an acre.  The estimated tax value of the parcel is $5,985.00 in GIS.  Mr. Joel Reyes has placed a bid offer of $6,882.00.

Published notice of the summary of this resolution will be by electronic advertisement on the County’s website located under Bid & RFP’s and through the local paper. The electronic published notice and local paper is pursuant to G.S. Chapter 160A-269. Upset Bids will be only be accepted through August 26th 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, August 26th 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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