Gaston County Tax Foreclosures
Once a real property tax bill has become delinquent, the Tax Director may use the In Rem method of foreclosure to satisfy the tax lien on real property, as stated in NCGS 105-375. Foreclosures are held throughout the year. The Gaston County Sheriff’s Office conducts each sale at the courthouse steps located at 325 Dr. Martin Luther King Jr. Way, Gastonia, NC 28052. The Notices of Sale are advertised for two weeks prior to the sale in The Gaston Gazette. All property will be sold “as is” and without warranty.
The Highest bidder at public sale shall be required to make a 20% deposit at sale, and the rest of the funds are due 10 days after the upset bid period ends. The successful bid amount shall be paid in cash or certified funds (payable to the Gaston County Sheriff’s Office). The successful bidder shall also be responsible for the payment of any excise tax due to the Register of Deeds office, and all recording fees at the appropriate time.
There is a ten (10) day upset bid period in which the high bid may be upset by filing an upset bid with the Gaston County Clerk of Court. The upset bid must exceed the current bid by five percent (5%) or $750.00 whichever is greater. To make an upset bid you will need to go to the Clerk of Superior Court in Gaston County and fill out the bid form (AOC-CV-414). The upset bid must be in cash or certified funds (payable to The Gaston County Clerk of Court). Each time an upset bid is placed, the ten (10) day period will start over. The bidding ends when there are no additional bids made within a ten (10) day time period. If the tenth day is a weekend or holiday the bid remains open through the next business day. However, the owner of the property being foreclosed retains the right to redeem the property during this ten (10) day period by paying all taxes in full.
After the upset bid period the high bidder will have 10 days to deliver the remaining funds to the Gaston County Tax Office. If the high bidder fails to comply, they will forefit their deposit pursuant to NCGS 1-339.30 and the property will be resold.
Properties sold may be subject to IRS Tax Liens, City/County Taxes for any years not covered under our judgment, and other restrictions of record. It is your responsibility to research and obtain information regarding the property, prior to the sale. Purchaser will receive a NON-WARRANTED SHERIFF’S DEED upon completion of the sale. The deed description may include portions of land that have already been sold off by the current owner and are NOT subject to the sale.
For more information regarding Gaston County Tax Foreclosure Sales please contact Chelsea Tarbush at 704-810-5811 or via email at Chelsea.Tarbush@gastongov.com or contact our Tax Director at James.Tanner@gastongov.com.