Bidding Rules

2020 Tax Sale Notice

Terms of Sale Required by the Department of Finance

Summary of Important Dates

 

 

 

CECIL COUNTY, MARYLAND

2020 TAX SALE NOTICE

 

 

 

 

BY VIRTUE OF THE AUTHORITY VESTED IN ME AS DIRECTOR OF FINANCE OF CECIL COUNTY, I WILL PROCEED TO SELL THE FOLLOWING DESCRIBED PROPERTY AT THE 2020 CECIL COUNTY TAX SALE ONLINE AT https://cecilcountymd.realtaxlien.com . BIDDING BEGINNING TUESDAY, MAY 26th, 2020 AT 12:00 P.M, AND ENDING MONDAY, JUNE 1ST, 2020 AT 12:00 P.M., UNTIL ALL PROPERTY IN SAID CECIL COUNTY, UPON WHICH TAXES AND FEES ARE DUE AND UNPAID, FOR THE TAX YEARS 2018-2019 AND PRIOR, IS SOLD.

Online Registration is required to bid at said Tax Sale.  Online Registration will begin on Wednesday, May 6th, 2020 at 12 p.m. and will end at 12:00 p.m. on Friday, May 22, 2020 at 12pm.  There will be a $100 non-refundable registration fee payable immediately online via ACH Debit authorization at the time of registration.

On all such property shall be interest due, pursuant to law, advertising fees in each case advertising/ auction fee of $23.00 per property, other costs and expenses and fees after the sale, all to be paid by the delinquents or to be collected out of the proceeds of said property in case of proceedings for ratification, redemptions, etc., as the case may be.

The Cecil County Tax Sale will be conducted in accordance with the provisions of the Annotated Code of Maryland, Tax-Property Article, Section 14-817 “Sale at Public Auction”.  The Collector will establish a high bid premium to be applied to all properties to be sold at the Tax Sale as defined under Section 14-817.

High Bid Premium Calculation Example:

 
Taxes:   $   1,000.00
     
High Bid Premium:    
Cash Value: $100,000.00  
40% Cash value ($100,000 x .40) $ 40,000.00  
     
Bid: $ 50,000.00  
Less 40% Cash Value: $ 40,000.00  
Total: $ 10,000.00  
     
20% Premium ($10,000 X .20):   $  2,000.00
     
Total Payment:   $  3,000.00


Bidders are on notice that the possibility exists that a certificate purchased at the Tax Sale may, upon subsequent inquiry, be determined to be invalid.  In the event that a Certificate of Sale is subsequently invalidated, the purchaser will receive a refund of the amount paid at Tax Sale, but will receive NO redemption interest, or reimbursement of attorney fees, title search or other cost.  In the event of a valid redemption, the purchaser will be refunded sums pursuant to the Certificate of Sale.

The following property in case of failure of payment of all sums due thereon (taxes, fees, interest and costs), before the said day of sale, will be sold by the Collector as authorized by TITLE 14 TAX PROPERTY ARTICLE SUBTITLE 8, to the highest bidder for Cash on the day of sale.

LISA SAXTON

DIRECTOR OF FINANCE

 

Cecil County, Maryland
2020 Tax Sale Terms of Sale

JUNE 1, 2020

This is an online public auction. Prospective bidders should investigate the properties. There is no warranty, expressed or implied, that a property has a marketable title or contains the area of land which it is said to contain. The purchaser assumes all risks in that regard.

The term “taxes” used therein refers to outstanding Real Estate and Personal Property Taxes, Annual Water/Sewer Assessments, Benefit Assessments, Water/Sewer Usage Charges, Agricultural tax penalties, Sewer Connection Agreements, Town of Elkton charges, Town of Rising Sun water and sewer charges, Town of Perryville water and sewer charges, Town of Cecilton water and sewer charges, Town of Charlestown water and sewer charges, Town of North East water charges, interest, service charges, penalties, advertising charges, and Auctioneer fees. Cecil County shall not be responsible or assume any liability resulting from the sale of properties for any municipal charges, as said sales are solely for the convenience of the municipality.

ALL TAX SALE BIDDERS ARE SUBJECT TO THE FOLLOWING TERMS OF SALE:

A. General Terms of Sale:

Section §14-818 of the Tax Property Article of the Annotated Code of Maryland provides that the payment of the purchase price on tax sales “shall be on the terms required by the Collector.” Cecil County (County) may refuse to accept bids that are not made in good faith. The County requires that all purchasers remit on the day of the tax sale, by 4 PM the full amount of all taxes and other outstanding charges due on the property, whether in arrears or not, together with interest and penalties on the outstanding amounts and expenses incurred. In addition, Section §14-818 provides that “the residue of the purchase price remains on credit.” The difference between the bid amount and the amount paid at the time of sale must be paid upon foreclosure.

  • All bidders must register Online between May 6th, 2020 and May 22, 2020, by noon, at cecilcountymd.realtaxlien.com and a bidder number will be assigned. Late registrations will not be accepted. Only one bidder number will be assigned per legal entity.
  • All entity bidders (corporations, partnerships, limited liability companies, limited liability partnerships, trusts and estates) shall be registered in their full corporate names. All entities must provide evidence that they are in good standing in the state they are incorporated.
  • Entity bidders must provide the name and address of their resident agent and street address of their principal place of business. Agents of entity bidders must identify themselves by full name and address and provide evidence of their authorization to bind the principal, if requested by the County.
  • Prospective bidders must provide their social security or tax identification numbers to the County to become a registered bidder.

 

B. The Bidding Process:

  • The Director of finance may at any time debar, suspend, or eject any bidder from further participation in any tax sale for violation of any terms of the sale. In addition to the individual bidders that are barred, the entity they represent will also be barred from further participation in any tax sale held by Cecil County.
  • Any agreement, consent, or conspiracy to suppress, predetermine, rig or fix the bidding at the tax sale is contrary to public policy and the Director retains the authority to void any such bids received.
  • Bidding will begin at an amount set (amount of Taxes due). Bid prices will be no less than the amount due for taxes and other charges. Cecil County has a bid premium. The bid premium is 20% in excess of 40% of the assessed value. Cecil County’s annum rate of interest is twelve (12) %. The auction will begin with a set of properties and proceed in sets until all properties have been sold. If there are no bidders, the property will be sold to Cecil County.
  • Successful bids will be conditionally accepted, pending payment of the amounts due. In addition, any properties sold at Tax Sale will incur a $10.00 Auctioneer fee to be paid by the winning bidder. Payment is required the day of the tax sale. Payment will be deducted from your bank account by the close of business the day of the tax sale; if the payment cannot be processed through your account, the sale will be voided.

 

C. Notice Regarding Redemption, Foreclosure, and Certificates:

  • The Department will be informing all property owners, and any other known parties having an interest in the property, of your bid price and such other information as may be necessary to enable those parties to make an informed financial decision concerning redemption.
  • Tax Sale Certificates will be available to the purchasers within four (4) months from the date of the sale. Purchasers may contact the Department in writing and request their certificates be mailed to them, any time after four (4) months from the date of sale. Certificates of sale will expire two (2) years from the date of the Tax Sale unless a proceeding to foreclose is filed prior to that time. Any right, title and interest of the purchaser in the property sold shall cease at the point of expiration, and all money received by the County as a result of the sale shall be deemed forfeited.
  • The first date to file in the Circuit Court to foreclose all right to redemption on the property is December 2nd, 2020. Check with the Department (410-996-5385) to verify that the property has not been redeemed. A Bill of complaint must be filed within two (2) years from the date of the Certificate of Sale. The buyer is required to report such filings to the Department immediately.
  • The purchaser shall pay the balance of the original bid price, and all taxes and all Governmental fees and charges accruing from the date of this Tax Sale immediately following the issuance of a judgment by the Circuit Court and prior to the execution of a deed.
  • The holder of a certificate of sale is not entitled to reimbursement of any fees or expenses incurred within the first four (4) months after the date of the tax sale.
  • It is the responsibility of the purchasers to collect all expenses incurred in any action or in preparation for any action to foreclose the right of redemption. In all instances, an itemized statement of expenses permitted under Section §14-843 of the Annotated Code of Maryland of the Tax Property Article shall be submitted, under affidavit, to the Finance Department along with the lien release for the property owner to be able to redeem.  The County will not be held accountable for collecting any fees associated with the preparation of any action to foreclose the right of redemption.
  • To record a deed to the property from the Director of Finance, all governmental charges and billings including, but not limited to, water and sewer charges and special benefit charges made subsequent to the tax sale must be brought current as of the date of the deed.
  • All redemptions must be processed through the Department. Prior to filing to foreclose all right to redemption, all fees and expenses under Section §14-843 of the Annotated Code of Maryland, of the Real-Property section shall be submitted to the Department for collection upon redemption. All monies collected for redemption will be refunded to the bidder. It is up to the bidder to send their attorney their fees. After filing to foreclose all right to redemption, the buyer, his agents, or attorney must submit, under affidavit, a statement of release that all actual expenses or fees under Section §14-843 of the Annotated Code of Maryland, of the Real-Property section, have been paid. If after 2 days from the date in which the Finance Department or property owner has demanded a statement of release and no statement has been provided, the Department will proceed to collect the redemption monies by collecting only expenses or fees that have been submitted to the Department.

 

D. Notice Regarding Voided Sales:

  • Whenever a Tax Sale on a property is voided for any reason, purchasers will be notified and advised not to pursue any further foreclosure action or to incur additional expenses. Reimbursement will be made according to Section §14-848 of the Tax Property Article of the Annotated Code of Maryland.

 

E. Warranty:

  • By registering to bid, each bidder represents and warrants that he/she/it is authorized to bid and ready, willing and financially able to consummate each sale at the price(s) bid. Bidders acknowledge that this representation is material to the County’s willingness to issue them a bidder number and to accept bids during the sale.
  • Failure to abide by any of the above terms can result, without notice, in barring future participation of the bidder and/or bidding entity for a time limit determined by the Director of Finance.

 

Lisa Saxton

Director of Finance

Cecil County, Maryland

 

Summary of Important Dates

 Website  
 Auction Website Opens  05/06/2020 at 12:00 PM ET
   
 Registration  
 Registration Begins  05/06/2020 at 12:00 PM ET
 Registration Ends  05/22/2020 at 12:00 PM ET
   
   
 Registration Fee  
 Registration Fee Amount  $100.00
 Registration Fee - Payment Type(s) Accepted  ACH only
 Registration Fee Refundable?  No

 Registration Fee Due Date

 05/22/2020 at  12:00 PM ET

   
 Auction  
 Auction Bidding Style  Direct Bid
 Auction Type  Open - Current high bid is displayed
   
 Bidding Begins  05/26/2020 at 12:00 PM ET

 First Batch Closes - Auction Starts

 06/01/2020 at 9:00 a.m. ET

 Batch Interval  1 Hour

 Last Batch Closes - Auction Ends

 06/01/2020 at 12:00 p.m. ET

   
 Payments  
 Final Payment - Payment Type(s) Accepted  ACH only. Final payments will be auto-deducted from the bank account utilized to transfer the Registration Fee funds.

 Final Payment - Processing Date/Time

 06/01/2020 at 4:00 PM

 



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