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WHO MAY BID? Kansas law restricts certain persons from bidding at a tax sale. The following persons cannot bid at a tax sale: A. Any person who had a statutory right to redeem the real estate prior to the sale. B. Any person who held an interest in a tract as owner or holder of the record title or any mortgagee or assignee who held an interest at any time when any tax constituting part of the County's judgment became due. Additionally, if a person is the record owner of real estate upon which there are delinquent real estate or delinquent special assessments in existence at the time of the tax sale, the person cannot bid. (Basically this means that if you owe delinquent real estate property taxes, you cannot bid at the tax sale.) C. Any parent, grandparent, child, grandchild, spouse, sibling, trustee, or trust beneficiary of any person enumerated in Paragraph B. (This means you cannot have a relative buy property at a tax sale for you if you are a person described in Paragraph B above.) D. With respect to a title holding corporation, any current or former stockholder, current officer or director, or any person having a relationship enumerated in Paragraph C to such stockholder, officer or director. (This means that if a corporation has property at the tax sale, that stockholders, officers, directors, and relatives cannot bid.) K.S.A. 79-2804g provides that if a parcel of real estate purchased at this tax sale is transferred, sold, given, or otherwise conveyed to any person who had a statutory right to redeem within ten (10) years from the date of the public auction, the person to whom the property is transferred shall be liable for an amount equal to the original judgment lien and interest therein from the date of the public auction. Additionally, the purchaser will be required to sign an affidavit affirming that the person purchasing is not purchasing the property in violation of K.S.A. 79-2804g. HOW DO I BID? Persons interested in bidding at the tax sale must first obtain a number from the County Treasurer. Bidding numbers may be obtained in the Treasurer's office, closer to the date of the sale. Bids are placed in whole dollars. The high bidder will be the purchaser of the property. Once you have been deemed high bidder on a parcel, you must pay the entire winning bid (cash or check made payable to BOURBON COUNTY) and a separate payment must be made for the deed filing. Filing fees are $8.00 for the first page and $4.00 for each additional page thereafter. Filing payments must also be cash or check made payable to the Bourbon County REGISTER OF DEEDS. (That means you must make two separate payments.) Furthermore, each parcel you purchase has its own separate deed. Therefore, if you purchase three parcels, you will need to pay for three deed filings. All properties are sold AS IS, with no warranties of any kind, either express or implied, conveyed by the county. A list of properties (with situs addresses) is available here and on request from the Treasurer's Office. |