Arkansas Land Commissioner Tommy Land has released reports from auctions conducted late last month in four area counties.
At the Marion County auction, 27 bidders registered and bought 20 of the 21 parcels offered. Land says in a social media post the bidders paid more than $17,000 in delinquencies and over $118,000 in competitive bidding.
This year’s auction offered the fewest parcels since 2010, when 18 were available.
In Newton County, three of the four parcels available were sold. Land says competition was high, with 25 bidders registered.
These parcels collected just over $2,100 in delinquencies, but competitive bidding brought in over $90,000. Land says Newton County traditionally has very few parcels. The recent auction had the highest amount ever collected and the most registered bidders since 2003.
The Boone County auction had 70 bidders and sold 164 parcels, with 174 available. This auction collected over $80,200 in delinquencies, with competitive bidding raising the total to almost $322,800.
Land says this is a record on money, bidders and parcels sold for Boone County. It’s the second-highest number of parcels offered since 2011, when 452 properties were offered, with just 18 sold.
The land commissioner’s auctions concluded the week in Searcy County, with 19 bidders competing for just four parcels. Each sold, bringing in almost $4,500 in delinquencies and over $49,000 in competitive bidding.
This was the third consecutive year of 100% clearance for Searcy County, with the highest dollar amount since the 2013 auction brought in over $96,000.
All told, the week sold 191 parcels, grossing $604,065.62, with 141 registered bidders.
Owners had 10 business days to redeem their properties. Those not redeemed had limited warranty deeds issued and were sent to the respective circuit clerk’s office to be recorded.
Counties will forward the filed deeds to the buyers. Land says it is not recommended that buyers make significant changes to the properties until after the 90-day litigation period ends.
Property that did not sell at auction will appear in the land commissioner’s online sale of post-auction parcels, 30 days after the auction date. That list is available at auction.cosl.org.
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