Tuesday, August 21, 2012

City of Lowell Tax Title Auction this Thursday

The City of Lowell will hold a Tax Title Auction this Thursday (August 23, 2012) at 10 am in the City Council chambers in Lowell City Hall.  Bidders must pre-register by Wednesday at 3 pm.  More information about the rules of the sale and the subject properties is available on the city of Lowell website.

Most of the properties at this sale were offered up for sale back in April but there were no bidders at that time.  Here's a post I wrote about that event.  Speculation at the time was that because the city was not selling properties individually but in three pre-determined bundles, the eleven or so qualified bidders hesitated to bid out of fear of being stuck with a property that was a true problem.  Supposedly the City has re-mixed the bundles in anticipation of this auction but we'll have to wait until Thursday to see if that makes any difference.

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