The Office of Tax and Revenue has rescheduled its tax sale for November 30th. The tax sale, originally scheduled for September, had been canceled after a legal challenge to the process. Interested parties can register from Nov. 23rd - 25th, those who had registered prior to the September deadline need not register again.
The auction is not in fact a sale, as no property changes hands on that date. Auction bidders win a claim against the property, and may eventually begin a judicial foreclosure process, but original owners retain the property in the short term and have a statutory right to pay off the bidder and clear the title to their home. And so while most property owners delinquent as of last year will exercise their rights and retain their homes, auction bidders often come away with the right to charge penalties on the property.
The auction will be held at 941 N. Capitol Street.
Washington DC real estate news