Applicants must put the full bid amount in the Land Bank Authority’s escrow account prior to the initiation of the foreclosure process. The money is due in full prior to the commencement of the Foreclosure and the applicant will be given no less than 10 days notice.
All property is sold with a Security Deed attached detailing the applicants plan of improving the property. If the plan has not been fulfilled within the deadline, the property is subject to the Land Bank Authority’s right of reversion.
For questions regarding the process, please email the Land Bank Authority at email@example.com.
Opportunity Zone Phase 1 - Phase 1 Beallwood
Opportunity Zone Phase 2 - Phase 2 E Wynnton