Competition high at recent Luzerne County tax sale
May 8, 2022 - Bidders purchased 146 properties in Luzerne County’s April 28 back-tax auction, recouping approximately $2.9 million, according to a final report from county tax-claim operator Elite Revenue Solutions LLC.
Most sold properties — 137 — were in the final-stage free-and-clear sale, when liens and back taxes are cleared. The remaining nine were sold in the first-stage upset sale, which requires bidders to pay all delinquent taxes and accept responsibility for any outstanding mortgages and liens.
Fourteen properties in the free-and-clear sold for more than $50,000, with competition driving up purchase prices far beyond bids that started below $5,000, records show.
Properties sell above minimum bid in Luzerne County tax sale
May 2, 2021 - Nine of 11 listed properties sold in Luzerne County’s first back-tax auction of the year, according to county tax-claim operator Elite Revenue Solutions LLC.
The special upset sale held Thursday was for properties in which the owners defaulted on repayment agreements, said Elite representative Sean Shamany. In a first-stage upset sale, buyers must pay all back real estate taxes and accept responsibility for any outstanding mortgages and liens.
Bidders buy tax-delinquent properties at arena auction
September 6, 2020 - WILKES-BARRE TWP. — Nanticoke resident Terry Panetta scored deals on two tax-delinquent properties at Luzerne County’s back-tax auction held Thursday at Mohegan Sun Arena.
He bought a Nanticoke property for $6,700 for his mom and a Larksville property for $8,500 that he plans to resell.
Wiilkes-Barre resident Elizabeth Fleury scored another deal. She purchased a Dupont property for $29,000 and she called it an “investment.”