Yes; you are responsible for all excise tax and recording fees. The current excise tax is $2 per $1,000 based off the sale price. You may also be subject to the current year taxes or other liens. It is your responsibility to do your own research on the property you are bidding on.
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No, Gaston County offers Tax Foreclosures instead of Tax Deed or Tax Lien sales. Unlike other counties in NC, Gaston County does NOT allow you to pay someone’s taxes in full in exchange for ownership of the property.
The sales are held in front of the Gaston County Courthouse (325 Dr. Martin Luther King Way, Gastonia, NC 28052).
A 20% deposit of the highest bid is required to secure the bid payable in Cash or Certified funds. Checks are to be made out to The Gaston County Sheriff’s Office.
No, you must be present to bid on the property.
All Upset Bids must be placed with The Gaston County Clerk of Court – located on the first floor of the Gaston County Courthouse.
The Upset Bid period is 10 days, day 1 being the date of the sale. Weekends are counted in the 10 days, however, if Day 10 falls on a Saturday, Sunday or holiday, the next working day is counted as Day 10. The 10 days restart with each upset bid.
The required deposit is 5% or $750 of the next bid – whichever is greater.
If you are the winning bidder, you will have 10 days to bring the remaining funds to The Gaston County Tax Office. The remaining funds are to be paid in Cash or Certified Funds with checks payable to The Gaston County Sheriff’s Office.
You will receive a Sheriff’s Deed for the property. All properties are sold as is. Bidders get the property in fee simple; there are no warranties or guarantees.
Taxes and fees must be paid in full before the upset bid period is over to stop the foreclosure process.
Properties that are not sold during the foreclosure are then County Owned and become Surplus Properties. Visit Surplus Properties for additional information.